Why is the budget important for companies?

In fact, it's not just important to companies, it's important to everyone.
Budget is a study in which all kinds of preliminary views are made, especially income-expense-investment for the next 1 year, and the infrastructure that allows you to determine marketing strategies is established in this context.

In real life, there are no problems with the realization of expense budgets. A number of “excuses” can stand out if revenue is also in budgets. According to the probability of such possible negativity, options can be created over several different scenarios.

Comparing the budget to the actual situation can lead to the need for both control and revision. For this reason, making predictions in accordance with the structure of the reporting system can also contribute to future assessments...