When Strick budgeting is on, it helps to manage spending, limit spending, and prioritize financial goals. By closely monitoring expenses and creating a strict budget, companies can make informed decisions about where their money goes and avoid unnecessary purchases.
Also, practicing strict budgeting can help build discipline and develop healthy financial habits for the long term.
HOW TO TURN ON & OFF STRICT BUDGETING
To turn "on or off" strict budgeting, user will:
- Click on settings.
- Click on accounting.
- Select strict budgeting.
- Use the toggle button to switch on or switch off strict budgeting.
Annotated is the popup notification that signifies strict budgeting have been turned on successfully.
