This budget forecast is for a one-year time period. It is used to determine the budget for different departments of the business. It can consist of up to five different departments or companies, and each department can be compared so that the business knows how much money to spend in each area.
Who Can Benefit From an Annual Budget Forecast?
Large companies with several departments and department heads will greatly benefit from this program. Each department can determine how much money to put aside for employees as well as supplies that will be used during the year.