Budget allocation is essential for every business as well as non-profit financial plan. Usually, the budgets are set annually, the procedure of which involves allocation of anticipated resources and earnings between different business interests and departments. A department’s scope of development depends on the funding allocated to each of its areas. For instance: a reduction of funding can require making some staffs redundant. Generally, a budget gets reviewed once every year and is usually meant for a period of 12-24 months. The budget of the current year normally gets set based on the expenditure which occurs in the previous year. Besides that, budgeting also involves changes occurring in the spending habit of a business (changes in spending due to employment of new staff, adjustments [...]