When determining your business budget, it is important to prepare different types of budgets to achieve the desired accuracy. The budgets are then combined to generate a pro forma financial statement that allows the office manager to forecast the financial position and outcome of operations. The following budgets can help the manager have a better vision of what the firm's financial position will be like in the future. These include the statistical budget, the operating budget, the capital budget and the cash budget (Keagy & Thomas,