In the Personnel Expense Budget Section include the salaries for the following: o Office Personnel o Store Personnel o Sales People o Other personnel necessary in the operations. Ideally, you budget expenses for a quarter in the personnel expense budget. This is for the first three months of operations where you are not expecting profits to come in as yet. You may have receivables during the first few months of operations but they may need to be earmarked for other operating expenses and thus your budget needs to be sufficient for the first quarter. Even if you are budgeting for the year and is already in full operations budgeting for three months is still a good rule of thumb. If you are already comfortable with your budgeting and timing of receivables, only then can you budget two months for personnel expense budget.
It has been widely used by the people. Online transactions made the lives of the people easier. At first the internet became an open book to the public. It offers them the best sets of solutions to certain situations and problems. Another product of the internet is the social networking sites. Communicating with your loved ones from a faraway place became more possible with internet. Through the use of internet you can monitor the daily events of their lives. Online dating also became one of the latest effects of internet.