Many families develop a budget for day-to-day household expenses, such as food, rent, insurance, entertainment and clothing, and to be viable, these expenses must not exceed income. Small businesses ...

A budget variance is a discrepancy between the predicted cost or revenue in a given account. A budget variance may include a revenue shortfall due to an inaccurate estimate, or a sudden and unexpected ...

Identify budget overages and savings to forecast future costs more accurately. Use variance analysis to pinpoint operational areas needing financial adjustment. Regularly update budgets based on ...

Static budget variances are the differences between what a company or individual thought it would spend in its budget versus what it actually did. In a static budget, a company or individual creates ...