Budgeting Memo

assume that you are the manager of a property management company. You need your staff to put together a budget for you. This property management company is responsible for managing several office
buildings, and you need the property managers to provide you with their projected costs for the coming year. A few things that you will want to provide guidance on: format of their submission
should be a PowerPoint presentation due date do you want the information broken down quarterly or annually? do you want them to provide explanations for every cost, or just those over a certain
amount? think about the type of costs and income that you would like managers to address, you can be creative here … the point of the assignment is for you to communicate effectively, not master
the accounting system of a property management company. While this list is not all inclusive, it should give you an idea of the type of information you will want to ask for from your employees.
While I do not expect you to submit an actual budget to me, this is an exercise in providing good instruction to your employees. The better your instructions, the more accurate their response. In
order to provide accurate instructions, you will need a basic understanding of the budgeting process.


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