3) Once your business is operational, it's essential to plan and tighty manage its finansal performance. Creating a budgeting process is the most effective way to keep your business - and its finances-on track. There are three main components necessary for creating a cash budget. They are: Time period. Desired cash position. Estimated Sales and Expenses 1. Expected cash receipts. 2. Cash sales. 3. Collections of accounts receivable. 4. Other income. A cash budget is important for a variety of reasons. For one, it allows you to make management decisions regarding your cash position for cash reserve). Without the type of monitoring imposed by the budgeting process, you may be unaware of the cycle of cash through your business At the end of a year or a business cycle, a series of monthly cash budgets will show you just how much cash is coming into your company and the way it is being used. Seasonal fluctuations will be made clear. A cash budget also allows youto evaluate and plan for your capital needs. The cash budget will help you assess whether there are periods during your operations cycle when you might need short-temborrowing. It will also help you assess any long-term borrowing needs. Basically, a cash budget is a planning tool for management decisions. 40. Based on the above monthly personal cash budeer preparation-students need to analy59 and calculate the monthly savings, vearly savings and seven years saved money. (epproximately 300 worde) . worm prepom. Momcy Couge TupprUIRECTYOU Wores Based on the above monthly personal cash budget preparation-students' need to analyse and calculate the monthly savings, yearly savings and seven years saved money. (approximately 300 words) In relation to your analysis and calculation on the monthly vearly and seven vears saved money . Based on the above monthly personal cash budget preparation - students' need to analyse and calculate the monthly savings, yearly savings and seven years saved money. (approximately 300 should be provided on supporting the statement with your own examples as well as the importance of preparing monthly cash budget. (approximately 400 words) Based on the above monthly personal cash budget preparation - students' need to analyse and calculate the monthly savings, yearly savings and seven years saved money. (approximately 300