Some basic tips for researchers: budgets should be as simple as possible. Make it in Excel, make it presentable, make it easy to explain
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Replying to @GidMK
Budget for what you need: working in finance we wanted justifications for every dollar. If you over-budget on purpose, you seem dishonest
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Replying to @GidMK
A finance team will pick up that $1000 you put in 'just in case' and will then grill you because they can't trust anything in the budget now
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Replying to @GidMK
Get reasonable, realistic quotes BEFORE writing your budget. If you chuck in a random number, you're going to be pulled up on it
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Replying to @GidMK
If you have to estimate something, justify it. Don't just put it in in the hope that no one will notice. Seriously
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Replying to @GidMK
And most of all, BE HONEST. If you make a mistake, just own up to it.
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Replying to @GidMK
There's nothing worse than watching someone stand there trying to explain something that is clearly just wrong
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Replying to @GidMK
Oh and also? Your budget should get as much attention as your academic justification for the research
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Replying to @GidMK
The finance person looking it over is probably just as good at their job as you are at yours. Don't treat them with contempt.
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Make an effort, spend some time on it, and liaise with your business manager/department accountant etc whilst you are writing it.
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