Thursday, April 19, 2012

Can Your Business Use an Incremental Budget?

Incremental budgets are often considered poor quality because they use the same mentality as the government budgets. That is, you get to keep what you had last year, which makes many departments spend wastefully just so their budget doesn't get cut. However, if used properly, or used in conjunction with some other sound budgeting principles, this type of budget is easy to deploy and doesn't take a lot of time each month or quarter to update.

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