Date Added: Jan 2010
Key to having a successful budget is having valid budget figures within your budget. It is absolutely vital that you know how to test the validity of your budget figures so that your budget will be accurate both in predicting figures and tracking actual costs and incoming profits. Inaccurate figures will end up in skewed predictions and also improperly tracked money. This will end up in fiscal disaster for your company because money is not being realistically tracked and there will be shortfalls in terms of projects and possible over-spending of money on different projects.