A business budget plan is a document that outlines an organization’s financial goals for the current and upcoming fiscal periods. It explains how expenses will be managed, allocates resources to different departments or projects, and sets KPIs—key performance indicators—to measure success. The purpose of a budget plan is to ensure that a company’s operations remain within their set financial boundaries, helping them achieve their long-term goals without overspending. When properly planned, budget plans provide an invaluable tool for making smart business decisions and staying on track to reach organizational objectives.