A budget that continuously shows the amounts for a full year into the future. As a month or
quarter actually occurs, it is removed from the budget and is replaced by the budgeted amounts
for a month or quarter in the future.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.