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Budgeting process is a fundamental tool for successful organizations.
Budgeting process is a fundamental tool for successful organizations.
It is a three-folded step that needs to be followed just as it is presented.
All is about, first of all, planning. One must consider their organization's goals. There different types of expenditures that will be needed to be required, but this must first be described in the working team.
The team must make sure it follows the plan it has set; finally there must be evaluation.
