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Financial budgeting software usually integrates the functions of budgeting, planning, forecasting, consolidation, and financial reporting. It can help a company streamline the budgeting process, enables comparison between budget and actual costs, and generates reports that cover income statement, balance sheet and cash flow.
Financial budgeting software can be desktop application or online service. Commercial budgeting software could be priced at hundreds of US dollars. On the other hand, there are a lot of kinds of free budgeting applications or free online services available on the internet for individuals and businesses.
Online web based financial budgeting solutions are convenient when internet access is available. Many financial or software companies provide free online web based financial budgeting, forecasting and planning services to attract customers. For example, Mint.com is an excellent online home budget solution provided by a software company. This web based budgeting software system integrates three functional modules and features for financial budgeting:
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