A business budget gives you an overview of past, present and future spending, which enables you to:
Set targets. A budget allows you to create achievable, controlled targets that can be realistically achieved.
Create strategies. A budget helps to create a capital expenditure plan for your business, ensuring that you have money to spend in the right places at the right time.
Decide on priorities. Knowing how much money you have allows you to prioritise your spending.
Controls spending. A budget allows you to track your expenditure, keep track of where your money is going and predict where your business is heading.