Definition of "Budgeting"

Erin Buckalew real estate agent
Erin Buckalew, Real Estate Agent Buckalew Realty Group PalmerHouse Properties

(1) Estimating all income and expenses for an accounting period. (2) Financial forecasting, planning, and controlling. It involves using a budget to set and accomplish short-term objectives ensuring that actual goals are consistent with budgeted goals.

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