Definition
An operating budget is a detailed financial plan that outlines a company�s projected income and expenses for its daily operations over a specific period, usually a year.
Related Services
Financial planning, budgeting, and forecasting services help businesses create accurate operating budgets that align with their financial goals and operational needs.
Problem and Application
An ineffective operating budget can lead to cash flow issues, overspending, or failure to meet business objectives. It is important to continuously monitor and adjust the budget as needed.
Conclusion
A well-structured operating budget is essential for maintaining financial control and ensuring resources are allocated efficiently to support business operations.
