Example of Zero Based Budgeting
Zero-based budgeting is financial plan methods that engage starting with $0 and adding only sufficient money in the financial plan to cover predictable costs.Example of Zero Based Budgeting demonstrates that There are many ways to generate company budgets. Let’s take the advertising department of Company XYZ as an example. Last year, the department spent $1 million. What’s the right way to set a budget for next year?