Final answer:
Budgeting in not-for-profit organizations usually starts with budgeting expenditures, rather than receipts, and is important for effective resource management and fulfilling the organization's mission.
Step-by-step explanation:
Budgeting in not-for-profit organizations usually starts with budgeting expenditures, rather than receipts.
This is because not-for-profit organizations typically rely on donations and grants, which are predictable and steady sources of income.
The budgeting process in not-for-profit organizations involves estimating and allocating funds for various programs and services that the organization provides.
It is important for not-for-profit organizations to carefully manage their resources and ensure that funds are used effectively to fulfill their mission and serve their beneficiaries.