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Budgeting and Planning

Budgeting and planning is the process of setting financial goals, creating a detailed plan to achieve those goals, and allocating resources to various activities and initiatives within an organization.

Accounting and Finance

What is Budgeting and Planning?

Budgeting and planning is the process of setting financial goals, creating a detailed plan to achieve those goals, and allocating resources to various activities and initiatives within an organization. It involves forecasting future financial performance, defining objectives, and developing strategies to manage income, expenses, and investments effectively. ZoneReporting is the only pre-built Power BI reporting solution for NetSuite and can help finance teams visualize all their ERP data in Power BI so they can budget and plan effectively within NetSuite.

Recommended terms

Account Reconciliation
Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.
Accounts Payable
Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.
Accounts Payable Days
Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.

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