Business Budgeting: Does My Business Need A Budget?

Do you feel that budgets never seem to exactly predict the future and it seems there is always something different missing from the forecast each month? The purpose of the budget is not to predict the exact monthly results of the company. The process of preparing a budget helps you to understand your business, gives you a tool to quantify how your business works, provides benchmarks to determine the performance of your business, and helps you deal with unforeseen events that occur after the budget is complete.

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