If the organization is not able to keep a track of such expenses in a near real time basis, it would be a challenge to implement the budgetary controls, thereby rendering the budgeting exercise futile. The rubber meets the road when the actual expenses start getting incurred and booked into the system. However, setting up budget is just a starting point. ![]() ![]() The idea behind the budgets is to set a limit on the expenses in relation expected revenues. While drawing up a business plan for a year, companies usually budget for certain amount towards various expenses. They could be in the form of travel expense, fuel expense, utility expense, and other overheads. ![]() By Dattatrey R.Kulkarni Posted SeptemIn Benefits of SAP Business One, Management Business Organizations incur expenses while running regular operations.
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