A financial model is a business tool for compiling and analyzing financial data. A budget is the output of your budget forecast financial model and represents your target expenses and revenues for a specific time period.
The following infographic from Paro looks at how the model, budget, and your accounting platform work together to provide insight into your business.
Irma Wallace
Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders' Zone, a construction / home improvement portal.