This study aims to analyze enterprise budgeting and the factors that affect the smallholder Bali cattle fattening income in Barru Regency, South Sulawesi, Indonesia. The total respondents were 46 farmers include 11 farmers at Bali cattle fattening enterprise six-month period and 35 farmers at fattening enterprise nine-month period. Respondents selected using a purposive method. The data of research collected using interviews with questionnaires. Analysis of economic potential as follows net income and return to labor and management used enterprise budgeting analysis. The factors that affect the income of farmers using multiple linear regression analysis. The results showed that the 6 and 9 month fattening period of the smallholder Bali cattle fattening with an average sale of 8 and 3 bulls provided a net income of IDR 23,122,086 / farmer/period and IDR 11,926,657 /farmer/period. In addition, it provides returns to labor and management of IDR 27,428,173 /farmer/period and IDR 15,111,982 /farmer/period. Feeder cattle ownership and non-formal education dummy have partially and significantly influence (P<0.01) on income smallholders. Smallholder Bali cattle fattening enterprise is a potential business alternative to generate income for rural communities.