Budgeting and forecasting are the two most common topics people consider when thinking about financial planning for a business.
Throw in "budget forecasting" and things get too confusing.
But these terms mean different things.
Not having accurate budgets can cause overspend.
Bad forecasting can mean missed opportunities.
Poor financial planning can create difficulty in keeping up with a changing business landscape.
That's why we’re going to clear up the confusion in this blog post.