What Is the Difference Between a Budget & a Rolling Budget?

Companies develop annual budgets based on their fiscal year. The process is arduous, often starting in the third or fourth quarter and continuing through the end of the fiscal year. The budget process generally includes multiple departments within the organization and goes through multiple versions. Once a budget is approved, it does not change for the remainder of the year.

Rolling budgets are updated frequently, most often monthly. For example, as August ends, the budget for August of the next 12-month period is added to the rolling budget. This type of planning eliminates the need to follow the historical annual budgeting process because the company always has a current budget at its disposal. In the event of a material change to revenue or expenses, the company can incorporate the change into the rolling budget.

Budget is financial plan for a certain period while a rolling budget is a budget which always considers 12 month cycle as every month ends a new month is added back.

Budget has many types. Rolling Budget is a type of budgets. That maintain a rolling period, 12 months for example, as a forecasting budget, so each month you still have 12 month budgeted months in your plan.

Budgeting is fundamental for businesses because a budget dictates what funds the company will have available to complete operations or pursue projects. Companies have two choices for how to approach their budgets: regular and rolling. These choices refer to budget term length, not the actual budget process such as zero-based or production-based.

A rolling budget is a specific budgeting approach in which you continually add a new budget period as one budget period finishes. This approach results in always having a full, 12-month budget for the company. 

• A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.
• A rolling budget is continually updated to add a new budget period as the most recent budget period is completed. Thus, the rolling budget involves the incremental extension of the existing budget model. By doing so, a business always has a budgetthat extends one year into the future

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A budget is a quantified plan of action for a forthcoming accounting period. A budget can be set from the top down (imposed budget) it from the bottom up ( participatory) budget.

A rolling budget is a budget which is continuously updated  by adding a further period  ( a month or quarter) when the earlier accounting period has expired. Rolling budgets are an attempt to prepare targets and plans which are more realistic and certain,particularly with a regard to price levels, by shortening the period between preparing budgets.

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A rolling budget is continually updated to add a new budget period as the most recent budget period is completed. Thus, the rolling budget involves the incremental extension of the existing budget model. By doing so, a business always has a budget that extends one year into the future.

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A budget is a static projection of revenue and expenses in the future, generally a year, whereas a rolling budget projects a continual look into the future.

A budget is a static projection of revenue and expenses in the future, generally a year, whereas a rolling budget projects a continual look into the future. Formal corporate budgets were introduced in the 1950s. The complexity varies from a small business budget as written on a notepad to large corporate and government budgets. As explained on the website Inc., the U.S. government budget commonly exceeds 1,000 pages in length

A rolling budget is continually updated to add a new budget period as the most recent budget period is completed. Thus, the rolling budget involves the incremental extension of the existing budget model. By doing so, a business always has a budget that extends one year into the future.