Importance of Business Budgeting
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Why is business budgeting important?
Describe how you use budgeting in your personal life or in your company.
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Solution Summary
The solution discuses why is business budgeting important and describes how you use budgeting in your personal life or in your company.
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Budgeting serves two purposes. The first is to help the person or business owner plan how to spend the funds or income they receive. The second is to help find areas of need and where expenses are not in line with the company's income.
When companies create budgets, they use them as guidelines to establish what acceptable expenses are and what they ...
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