What is a forecasting budget?

In: Business and Finance

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It is used to get an idea of what a comforcasted budgetpany might expect to earn in a fiscal year. You take last years expenses, increased by any percentage that you think they might go up, also include any new expenses you expect to incur. Then take the years expected revenue, usually last years plus projected growth, and subtract the expenses. The difference is projected profit. All of this combined is a forcasted budget

First answer by Jkausse. Last edit by Jkausse. Contributor trust: 38 [recommend contributor]. Question popularity: 31 [recommend question]

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