How can you reduce variance between actual and budgeted performance?
Budgeting and forecasting are essential tools for any business that wants to plan ahead, allocate resources, and monitor performance. However, they are not always accurate, and sometimes there can be significant differences between what you expected and what actually happened. These differences are called variances, and they can have positive or negative impacts on your results. In this article, you will learn how to reduce variance between actual and budgeted performance, and why it matters for your business.