This post addresses the objective for business budgeting.

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The objective of a well-planned business budget is to show the business where they are going in the next year (or for the period covered by the budget). This allows the company to plan for the immediate and long-term future, depending on the budget's time span. It gives the company a well-grounded means of control, which is crucial for companies and their spending habits. If there is no business budget in-place, spending can easily spiral out of control in any given ...