One of the basics of running a successful business is to make and stick to a budget. We all know that is much easier said than done, but this vital tool can allow you to see the complete picture of what your small business is spending on IT services. Analyzing spending, profits, and cash flow enables you to anticipate future ways to spend your money—because, as you know, technology always needs updates and more or better software and hardware, all of which cost money.

Here are 9 tips for developing an IT budget for your small business.