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Expense budget planning is an important part of any budget. An expense budget is a list of forecasted expenses within a set amount of time. An expense budget could cover a quarter, an entire year or just a month.
What is the meaning of Expenses? Expenses are money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business. . Expenses may be in the form of actual c â¦ ash payments (such as wages and salaries), a computed expired portion (depreciation) of an asset, or an amount taken out of earnings (such as bad debts). .