Effective budgeting skills are critical to the success of any organisation. Introduction to Budgeting, Fourth Edition, is a practical text designed to instruct students in preparing business budgets. Although this revision has been specifically written to meet the requirements of the budgeting modules from the Financial Services Training Package (Accounting) delivered by TAFE institutes, it can be readily used in all courses that involve the preparation of budgets. Goods and Services Tax (GST) is now an integral part of the life of every business in Australia. Although GST has led to additional administration and accounting requirements for business, we demonstrate how it is possible to take advantage of the additional cash funds flowing through the books of the business. The fully revised chapters on cash budgets and budgeted statements of financial position include suggested methods of planning for both GST collected and GST paid, which will enable improved cash management. In particular, there will be times when the cash generated can be used by the business as an additional source of finance.