Types of Budgets

Types of Budgets

The Importance of a Project Budget

  • A report detailing a company’s planned expenditures and allowing comparison to what they actually were.
  • The budget report helps a company determine how closely its budgets mirror reality and how well it manages its costs.
  • A report detailing a company’s planned expenditures and allowing comparison to what they actually were.

A report detailing a company’s planned expenditures and allowing comparison to what they actually were. The budget report helps a company determine how closely its budgets mirror reality and how well it manages its costs.

How do you write a budget summary report?

A budget report is a comparison of the actual results of a business to a pre-established budget. The budget report is used to determine which expenditure levels are too high, so that actions can be taken to bring expenditure levels back down to the budgeted amount.