Budgeting is the process of making a plan to spend your money.
This spending plan is called a budget. Creating this spending plan allows the business to determine in advance whether it will have enough money to do the things it needs to do or would like to do. This is an important planning and forecasting process to help the firm manage its money by balancing expenses with income. If income and expenses don’t balance and the firm spends more than it makes, it will have a problem. Many businesses don’t realize that they spend more than they earn and slowly sink deeper into debt every year. So yes it’s important somehow for businesses!

Our experts, at The Good Kiwi Accounting Services Company, provide made-to-order advice and opinions to our clients after intense analysis of balance sheet, cash flow statement, accounting ratios, and last but not least the goals of the business. Helping out our clients to create a spending plan for a firm’s money ensures that it will always have enough money for the processes it needs for survival and that for expansion is what our professional accountants at, The Good Kiwi Accounting Services Company, aim for.