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It is recommended that you break down your budget on a monthly basis even if you have already prepared it on your business’ fiscal year. Business budgeting relies on your expenses and income within a specified timeframe. Your income should include the payments gathered from sales, interests, accounts receivable and other sources. Business budgeting should be prepared under a specific timeframe. The budget is most of the time based on the company’s fiscal year or you can also project a budget on a monthly or quarterly basis.