Enlist three distinct phases in budget planning.

Every company has an operating budget. Within the company, each department typically also has a budget. In many cases, the budget is split into two or more purpose-specific budgets, like a marketing budget and a budget for entertaining clients. Specific projects also have their own budgets and often, different phases of budget to manage. At every level, businesses use budgets to keep track of their spending and balance their spending with their other expenses to turn profits. Different budgeting periods can call for different budgets, such as specific quarters.

Blueprinting in the Preparation Phase

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