Budgeting

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November 27, 2017 at 1:30 pm #418411
tholoanaseetane
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Can I humbly ask for the difference between forecasting and budgeting?
December 3, 2017 at 5:02 pm #419981
Cath
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Hi yes of course- they are similar in that they are focused on the future. However, a budget is a plan (where the business wants to be & how to get there) whereas a forecast indicates where the business is actually heading.
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