Quickbooks Advanced Certification

What are 2 key benefits of budgeting?(Select all that apply)

• A budget can be used as an estimate to get projected revenues as well as costs.
• A budget can be used to estimate income and expenses to help with cash flow.
• A mid-year revised "outlook" can be created with actuals for the first part of the year and revised forecast for rest of year when created mid-year.
• The budget can be adjusted for projected payables and receivables based on terms.
• A budget can be created for Loan Balances.