{"id":404,"date":"2020-09-06T17:17:28","date_gmt":"2020-09-06T11:47:28","guid":{"rendered":"https:\/\/www.kewaunee.in\/blog\/?p=404"},"modified":"2024-07-17T12:47:42","modified_gmt":"2024-07-17T07:17:42","slug":"infographic-budgeting-methods-for-your-laboratory","status":"publish","type":"post","link":"https:\/\/www.kewaunee.in\/blog\/infographic-budgeting-methods-for-your-laboratory\/","title":{"rendered":"Infographic: Budgeting Methods For Your Laboratory"},"content":{"rendered":"

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Infographic: Budgeting Methods For Your Laboratory<\/span><\/h1>[vc_column_text css=”.vc_custom_1599412280071{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 20px !important;padding-bottom: 10px !important;}”]<\/p>\n

Laboratories use various budgeting methods to arrive at their operational expenses.
\n<\/b><\/h2>\n

[\/vc_column_text][vc_column_text]<\/p>\n\n\n\n\n\n\n
INCREMENTAL<\/td>\nIncrement\/deduct previous budget by a factor for the upcoming financial year.<\/td>\n<\/tr>\n
ZERO-BASED<\/td>\nThis method involves preparing everything from the beginning.<\/td>\n<\/tr>\n
TOP-DOWN<\/td>\nThe budget is fixed and laboratory managers are required to identify activities within the allocated budget.<\/td>\n<\/tr>\n
BOTTOM-UP<\/td>\nThe individual departments identify the budget needs and it gets added upwards till the top<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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[vc_row full_width=”stretch_row” equal_height=”yes” content_placement=”middle” css=”.vc_custom_1594037823219{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 40px !important;padding-bottom: 40px !important;}”][vc_column][vc_row_inner][vc_column_inner][vc_column_text css=”.vc_custom_1599412280071{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 20px !important;padding-bottom: 10px !important;}”] Laboratories use various budgeting methods to arrive at their operational expenses. [\/vc_column_text][vc_column_text] INCREMENTAL Increment\/deduct previous budget by a factor for the upcoming financial year. ZERO-BASED This method involves preparing everything from the beginning. TOP-DOWN The budget is fixed<\/p>\n

<\/div>\n

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