Bookkeeping

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Difference between budget and forecast: Budgeting vs  Financial Forecasting: What’s the Difference?

Difference between budget and forecast: Budgeting vs Financial Forecasting: What’s the Difference?

You may find short-duration budgets for a month based on the company’s expense management. Companies prepare the budget before implementing the plan and may adjust it to manage their operations better. The difference between budgeting and forecasting comes down to their specific roles in your business. Overall, forecasting is a more useful tool to use
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