Every business, whether small or large, needs a way to track its expenses, revenue and profits. "Budgets are really important for both internal and external (reasons)," says Joseph Fahey, director of ...

A primary responsibility of a small-business owner is to develop plans, or budgets, that formalize a company's operational objectives and express them as financial performance criteria to be met by ...

In zero-based budgeting, a company draws up its budget from scratch every year, requiring managers to justify every dollar they plan to spend. Traditional "incremental" budgeting, by contrast, uses ...

This video explains the various types of budgets, including their purpose and how they are used in personal and business finance. Learn about the differences between different budgeting methods and ...