VM-Budget

In a business environment, creative ideas must always have strong financial

backbones. VM (Creative projects) must generate income and contribute to
profits. Store VM is always expected to work within budget. One should have the
ability to use the company’s resources wisely and bring resulting profits back to
the organization. VM must be able to control the store’s budget. VM must know
the exact (rupee) amount available in your budget at any time. Before VM make
purchases or hire any outside agencies or consultants, you have to know how
much money is left with you. VM should work on building strong relations with
your company’s Accounts Office. Keep track of each and every penny spend by
VM. Tracking and managing department’s finances is really important job of VM. If
you are working in an established business, the mechanics of the company’s
financial system are already in place through the Controller’s Office or the
accounting department. Although your commercial/Accounts Department has no
control over your spending but they have the right to refuse payment on your
overspending or warn you that you are exceeding your balance. In business, when
you overspend your budget, you can count on hearing from the controller or your
supervisor.

An effective budgeting system is one that you actually use to guide your work
track.
* The total amount available at the
beginning of your department’s
fiscal year.
* The total amount already spent
(bill that have been paid)
* The total amount outstanding
(in rupees) already used or
bills that have not yet been
paid.
* The total amount that
remains available in the budget.

Points to remember for monthly budget

* Theme change
* Promotion/Offer
* Props if any
* Printer cartridge
* Acrylic (A4/A5)
* Focal Points
* Column Visuals
* High Point Visual