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There are four common types of budgets that companies use: (1) incremental, (2) activity-based, (3) value proposition, and (4) zero-based. These four budgeting methods each have their own advantages and disadvantages.
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Prerequisites
- The users' role must have access to the Financial Budget feature by enabling Add app operation for the feature in Admin - Security - User - Role through Finance - Set Up - Budget.
Step-by-step guide
The process is divided in the following steps:
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