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Fixed expenses in business budget planning are costs that remain constant over time, such as a subscription for a service like Netflix. On the other hand, variable expenses are costs that can fluctuate over time, such as the water utility bill. The main difference between the two is that while fixed expenses are predictable and constant, variable expenses can change based on usage or other factors.
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Expense types fall in two categories – "fixed" and "variable". Fixed expenses are expenses that remain constant over time, for example a subscription for a service that is fixed, like Netflix. A variable expense is a cost that can fluctuate over time, for example, the water utility bill. By clearly defining the budget allocations and expenses of your business, all the other features of this planner come to life.
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Need a way to supervise financial transactions, adhere to predetermined budgets, and forecast upcoming expenses? Our Business Budget Planner, availabl...
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