Budgeting - Budgeting is a norm in every business. The business's strategic plan is laid out to upper management to set an expectation of the company's performance in the budget year. Budgeting serves as the quantitative representation of the business plan, which is also used as a measure of performance. However, no matter how tight the budget is, there are material changes along the way that may cause huge variances between the actual and budget. For this reason, budgets are being revisited for cases that may require specific changes to ensure that desired goals are met. A budgeting template in Excel is proven to be the most useful tool in budgeting given its flexibility and user-friendliness. https://www.efinancialmodels.com/downloads/tag/budgeting/