Budgeting & Forecasting

Budgeting is the process of planning how much money a person or organization expects to earn and spend over a specific period, helping them manage resources effectively. Forecasting involves using past data and trends to predict future financial performance, providing estimates of income and expenses. Together, they enable informed decision-making, ensuring resources are allocated wisely, financial goals are met, and surprises are minimized. Both are essential tools for maintaining financial stability and supporting growth by guiding strategic planning and operational efficiency.