Submitted by angrybird7677 t3_zzswm0 in explainlikeimfive
arctikjon t1_j2e6039 wrote
Depends on the Company. In corporations that use Zero Based Budgeting what you spent last year or what remained in your budget is irrelevant. You have to completely rejustify your budget every year. It’s definitely way more work than just carrying over the previous budget but discourages the above notion where departments want to fully spend the previous budget In order to keep that same amount the following year.
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