Budgeting implies financial planning for some future period, as well as monitoring of budget execution and taking corrective measures, if it is necessary. Budgeting, along with planning, is an extremely important tactical and strategic direction of every organization because it defines the direction and goal of business. This activity is often seen as the foundation for effective revenue and cost management within organizations, and any budget should be regulated. Orderliness is necessary to ensure coordination of the goals they want to achieve and the activities undertaken. Also, it is wanted to achieve communication plans of different managers as well as their motivation to achieve organizational goals and classifications of authority and responsibility. Instead of the classic traditional budgeting, in the modern times developed modern budgeting based on the creation of flexible organizations with implemented processes for measuring the performance of its effects.