What is a Budget Planner? Definition and Overview
A budget planner is a flexible tool that can be used to manage your expenses and income.
Budget planners can be utilized by companies for business related purposes, or by individuals who seek to manage their budget and finances.
Whether a budget planner is used by an individual or a company, the core functions remain the same…
… the overall purpose is to effectively manage financial resources.
Image Source: What is a Budget Planner
Budget planners are no longer restricted to paper formats such as booklets accompanied by pens and calculators.
Nowadays there are numerous software suites that have much more functionality and are far more convenient and efficient as well. 
Image Source: Definition of a Budget Planner
When used properly, a budget planner should accurately take into account all existing revenue sources, such as sales, dividends and accrued interest. All forms of expenditures are taken into account as well, such as taxes, repairs and inventory purchases.
The ability to create custom categories for both income and expenditures is one of the most flexible aspects of a budget planner, giving it the ability to better cater to the specific entity using it.
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