Accounting, December 2021, Expert Advice
Budget or Forecast: Which Method – or Combo – Most Benefits Your Business?
- 01.12.2021
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- By Amber Goering, CPA, CGMA
When it comes to setting financial goals for your business, there are two main methods to consider: budgeting or forecasting. Most businesses use one or the other, but understanding how each one works, and how to leverage the information provided from each, is critical to better defining your objectives to achieve your goals and adapt to real-time market conditions. Given the changes in the business environment today, it may even…