Feb 20, 2025
In the dynamic world of business, staying on track with your financial goals is paramount. But how do you determine if you're truly performi
Variance analysis helps businesses assess budgeted vs. actual financial performance, identifying key discrepancies. By analyzing favorable and unfavorable variances, companies can optimize cash flow, reduce inefficiencies, and improve strategic planning. Through budgeting, data collection, variance calculation, and corrective action, businesses gain valuable insights for growth.
