Budgeting and forecasting are important to the development of effective business plans.

Good morning Traders marketers;

 Just some more info I thought would help you with your internet endeavors.

 

 Budgeting and forecasting are important to the development of effective business plans.Budgeting describes a process, typically done annually or quarterly, that begins with an analysis of historical trends for financial performance. These analyses can be used to develop budgets for the upcoming month, year, or quarter.Companies can adjust their budgets to accurately assess future expectations. This process is called forecasting, re-forecasting, or rolling forecasting. Companies rely on budgets and forecasts to make financial decisions, to identify financial sources, and to develop a timeline to raise funds. Typically, a company's accounting officer or department will develop budgeting and forecasting models.

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