Definition
A rolling budget is a financial planning approach that continuously updates the budget by adding a new period (such as a month or quarter) as the current period ends.
Related Services
Rolling budgets are widely used in financial forecasting, strategic planning, and corporate finance management to ensure adaptability to changing business conditions.
Problem and Application
Businesses that operate in dynamic environments may struggle with static budgets, which can quickly become outdated. A rolling budget allows for greater flexibility and responsiveness to financial fluctuations.
Conclusion
By implementing a rolling budget, businesses can maintain a more accurate and agile financial plan, enabling better resource allocation and decision-making.
