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With the help of this budget, the company management has the opportunity to:

The budget of income and expenses (in Finnish, kustannusbudjetti), or as it is called the budget of profits and losses, is an effective tool for planning and monitoring the activities of the organization. It is compiled depending on the list or nomenclature of the planned revenues and expenses of the company, on an accrual basis, in other words, upon completion of a business transaction, regardless of the actual time of cash receipts and payments. Finrepo » Company's Financial Accounting » Budgeting and Planning System in a Finnish Company » Income and Expenditure Budget: Definition and Template Income and Expenditure Budget: Definition and Templateĭefinition: This type of budget is a plan of income and expenses of the enterprise for a certain period of time (budgeting period), which reflects the financial result of the company.