Frequently asked questions
What is an operating budget?
An operating budget is a financial plan that estimates the income and expenses of a business over a specific period, usually a fiscal year.
What is the operating budget of a project?
The operating budget of a project is a detailed forecast of all expected income and expenses related to the project`s activities during a set period.
What is an operating budget quizlet?
According to Quizlet, an operating budget is a financial plan that outlines the expected income and expenses of a business for a specific period, typically used for annual planning.
Benefits
An operating budget helps businesses plan and control their finances, allocate resources effectively, and track financial performance against goals.