How do you make a budget/forecast or what is the basis you consider while making a budget or forecast?

Past data is usually the best starting point for both forecasting and budgeting. An exception is zero based budgeting (where past data is not used). While building a budget, following steps can be followed: a) Reviewing and understanding all the required inputs for your budget. b) Analyzing previous budgets and other historical data. This will…...

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