A 12-month budget that is continuously planning by adding an additional month at the end of each month is called a perpetual budget. A perpetual budget is one that is continually extended once the current reporting period is over. This usually means that a budget for the next 12 months is in place, though the budget could be for a shorter or longer period.
The goal of using a perpetual budget is to provide a business with a fixed planning horizon over which the management team is constantly making plans to implement changes to the organization example monthly expenses etc.
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