Budget Variance is the difference between the budgeted or baseline amount of expense or revenue, and the actual

Businesses use budget variance to see how well they stick to their financial plans. It helps in identifying where spending is more or less than expected.

Is a budget variance the difference between the budgeted amount and the actual amount spent? Yes, budget variance shows the difference between what was planned in the budget and what was actually spent or earned.

What is bridge round in startup? A bridge round is not directly related to budget variance. It`s a type of funding meant to get a startup from one major investment round to the next.

How is budget variance calculated? Budget variance is calculated by subtracting the budgeted amount from the actual amount. A positive number means you spent less, and a negative means more.

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Knowing your budget variance helps manage money better. It shows where to cut costs or where there`s extra room.

Budget variance is a key tool for financial health. It helps businesses understand their financial position and make smarter decisions.