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Types of Interim Budgets

Interim budgets might project the total financial picture of a business or one area of the company, or it might focus only on expenses. A comprehensive interim budget, such as a three-month budget, would include all or most of the company’s expected revenue and expenses. This budget type might only include operating expenses and income, not categories such as investment income or annual income taxes. It might be used to control a department’s spending and contain only expenses. For example, a marketing department might be given $50,000 to spend for the next 60 days until the company can gauge marketplace reaction to a new product line or while the company waits to hire a new marketing director.

Examples of Interim Budgets



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