Expense items should include room taxes, state and city sales taxes and gratuities broken out as expense line items. If paid waiters and bartenders are involved in dining and entertainment line items should reflect these costs as sub account line items. Budgeting and Reporting Provide sufficient lead time to develop a proper budget. The task requires collecting information and input from a great number of people. The budget should be developed during the prior year's planning process, or when management or a client requests that the meeting be held.
Many budgets reflect both dollar and volume figures.
For example, when budgeting room expenses, indicate the expected number of attendees. Use of this website is subject to certain terms and conditions . We may collect personal information on this site, as described in our privacy policy.