A budget is a crucial aspect of running a business.
When a company's budgeting is done correctly, management can ensure that there is enough money to cover costs.
Every company should have an IT budget, even if it's small. That's because IT is not just about apps and websites, but rather every part of your business and how it runs on a daily basis.
So what does an IT budget look like? What are the expenses? And, most importantly: Are there ways to categorize the budget?
In this article, I have explained what a budget is, why having one is necessary, the related advantages and hazards, as well as some budgeting advice.
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