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What are two key benefits of budgeting

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Question 1: What are two key benefits of budgeting?

  1. Budgets can automatically forecast trends in revenue and expenses
  2. A budget can be used to estimate income and expenses to help with cash flow
  3. A mid-year revised outlook can be created with actuals for the first part of the year and revised forecast for rest of year when created mid-year
  4. The budget can be adjusted for projected payables and receivables based on terms
  5. A budget can be created for Loan Balances

Reference no: EM132643758

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