The concept of budget refers to the set of forecasts and resources that a company has. The accounting budget itself is the company's forecast to face its expenses and payments and predict the future based on the economic results obtained and their cash flows. Within this definition of budget the financial control or expense control of the company to organize all its activity and assets.
Through the budget, the you will be able to define what your expectations are for the future and you will set new goals to achieve. Therefore, one of the characteristics of the budget is that it must always be based on the economic transactions that have been obtained in the last fiscal year.
Therefore, the objective of the accounting budget is to measure both qualitative and quantitative of the company with which to meet the goals that are set to provide resources for the activities developed.