Expenditure Management

Expenditure Management involves planning, monitoring, and controlling how an organization or individual spends money. It aims to ensure that funds are used efficiently, expenses stay within budget, and financial goals are met. This process includes setting budgets, tracking expenses, analyzing spending patterns, and making informed decisions to prioritize necessary costs while reducing waste. Effective expenditure management helps maintain financial stability, support growth, and prevent overspending by maintaining a clear overview of income and expenses.