Operating Budget

An operating budget is a detailed financial plan outlining a company’s expected income and expenses over a specific period (usually a year). It acts as a roadmap, guiding resource allocation, tracking progress toward financial goals, and identifying potential areas of concern. Think of it as a blueprint for your business operations, ensuring you have enough money coming in to cover the expenses needed to run smoothly. It helps businesses make informed decisions about staffing, marketing, and other activities that drive day-to-day operations.