Budget

Overview

A budget is a financial plan that forecasts income and expenses over a given period, enabling a business to manage its resources effectively.

Common Use Cases

• Planning future expenditure.
• Controlling costs.
• Guiding investment decisions.
• Assessing financial performance.

Examples in Small Businesses

• Drawing up an annual marketing budget.
• Forecasting the costs of launching a new product.
• Allocating resources to specific projects.