What is Zero-Based Budgeting and how can it be used?

Zero Based Budgeting ZBB

Zero-Based Budgeting – What Is It? Zero-based budgeting (ZBB) is planning a budget in which each new period’s spending must be supported. Beginning with a “zero foundation,” every function inside an organization is examined for its demands and expenditures as part of the zero-based budgeting process. Then, regardless of whether each budget is bigger or … Read more