Question

It is proper budgeting procedure to begin with estimated revenues, but why might some nonprofit entities...

It is proper budgeting procedure to begin with estimated revenues, but why might some nonprofit entities begin planning their expenditures instead of their revenues?

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Answer #1

Answer:

Indeed its appropriate practice to begin budgeting with revenues and afterward expenditures. Be that as it may, non profit associations start with expenditures first since they are not engaged with profit making business, consequently there is no standard  source of income flowing from business as they offer types of assistance or merchandise without benefit or profit thought process yet for developing society.

They plan for their uses first and afterward look for sources of income appropriately. They may have explicit sources of reserve from individual or different associations like donations and gifts yet they need to design from different sources remembering how much the consumptions or expenditures will be in that specific period.

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