Budgeting vs. Forecasting: Key Differences & Why Both Matter
Budgeting involves setting a fixed financial plan for a specific period, guiding resource allocation and setting targets. It’s static and used to measure performance.
Forecasting predicts
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Medial User
Hey I am on Medial • 3m
Instead of earning small intrest through banks on FD OR RD diposit will you prefer gifts instead of money . Gifts will save your cost for buying anything
Day 1 Business Terms
1. Revenue vs. Profit – "Revenue is what you earn, profit is what you keep. A startup making ₹10L/month in revenue but spending ₹9.5L has only ₹50K profit. See the difference?"
2. Burn Rate – "How fast are you burning cash? I