What are the benefits of Budgeting?

Cards (2)

  • What are the benefits of Budgeting?:
    • Production or expenditure budgets allow managers to ensure that a business does not overspend.
    • Budgets allow senior managers to direct extra funds into important areas of the business.
  • What are the benefits of Budgeting?:
    • Budgets can be used to increase staff motivation and performance
    • Budgets enable managers to make focused and informed decisions to improve financial performance