The budgeting process can seem overwhelming, and some employees may feel it is a waste of time. However, when leaders take the time to develop budgets that are aligned with their organization’s mission and values, the budgeting process can unlock value and help the company maximize its effectiveness and profitability. What is needed is a way forward.

In this informative how-to book, Geary Reid draws from over 20 years of experience in business to explain different types of budgets, why they are important, and how they are structured. According to Reid, budgeting is not a top-down process but requires the input of all the members of the organization. Beginning with the master budget at high level, Reid examines the supporting budgets that flow into it, such as those for sales, marketing, depreciation and amortization, and capital expenditures, and he provides a step-by-step process for putting it all together. Each step in the budgeting cycle—from budget preparation to approval, execution, and evaluation—is explained in easy-to-follow detail.

Reid then goes on to lay out a systematic process for evaluating the performance of employees and managers, covering such topics as integrated information systems, key performance indicators (KPIs), and auditing and quality controls. By applying repeatable, standardized methods using the right data, leaders will have the tools they need to create a durable pathway to organizational success.

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We first started out as ?The Paperback Exchange,? a chain of physical bookstores where we would part exchange your beloved books for new stories to transport you to faraway places. However, as shopping started to evolve to online shops and marketplaces, we bid our stores goodbye to become ?PBShop.? This transition has only allowed us to blossom as we now ship thousands of titles to book lovers across the globe. We pride ourselves in being a community of local book lovers which allows our passion and devotion to shine in everything we do. In 2020 we not only celebrated our 20th birthday but our 1st birthday as being completely employee owned after becoming an E.O.T in September 2019. We are proud to be different and embrace standing apart on a book mountain by working from a virtual inventory which allows us to provide thousands of books that may be difficult to get for your bookshelf or your studies. Working with a number of different suppliers allows us to explore other avenues such as puzzles, sheet music and even stationery so we really do have something for everyone. Life is about being versatile in all realms of existence. If this is your first visit or you are a returning customer, we would like to welcome you to the PBShop family, for there is no friend as loyal as a book. We are a company who put our customers at the centre of everything we do as we understand the importance of reading because once you learn to read, you will forever be free. There are a whole lot of things in this world of ours that we are yet to explore, which is why we will forever inspire curious minds.

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