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.

Financial Model Vs. Budget: What's the Difference?

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. Follow +Irma Wallace on Google + as well as Twitter.

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