Operating Budget
Content
Definition
An Operating Budget is a detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period.
Usage and Context
Frequently asked questions
- What is an operating budget? An operating budget is a financial plan that estimates the income and expenses of a business over a specific period, usually a fiscal year.
- What is the operating budget of a project? The operating budget of a project is a detailed forecast of all expected income and expenses related to the project`s activities during a set period.
- What is an operating budget quizlet? According to Quizlet, an operating budget is a financial plan that outlines the expected income and expenses of a business for a specific period, typically used for annual planning.
Benefits
An operating budget helps businesses plan and control their finances, allocate resources effectively, and track financial performance against goals.
Conclusion
An Operating Budget provides a detailed projection of estimated income and expenses, helping businesses plan their financial activities and monitor performance over a specific period.
