To make sure expenses are below income
Chat with our AI personalities
purpose of production budget
A functional budget is a budget that has a purpose and works well for the company or individual using the budget. Having a functional budget is important so finaces stay in order and are accurate.
To keep expenses below income
Main purpose of cash budget is to determine that when there is cash inflow and outflow from business and at what time company needs extra cash or have extra cash available to invest.
a detailed plan of future cash flows