A well-structured budget is the backbone of financial planning. Whether you’re a startup or a growing business in Sri Lanka, budgeting helps you control costs, plan ahead, and stay profitable.

Here are five tips to get started:

1. Set clear financial goals – short-term and long-term.

2. Track all income and expenses using reliable software.

3. Separate fixed and variable costs to manage flexibility.

4. Plan for seasonal changes or economic uncertainties.

5. Review and adjust monthly based on actual performance.

Use tools like Excel, Google Sheets, or budgeting features in accounting software to stay organized. Align your budgets with tax obligations and market trends to make informed decisions and improve cash flow.