Compare the process of budgeting revenues and expenses with the process of budgeting assets, liabilities, and owners' equity, and explain how this

Compare the process of budgeting revenues and expenses with the process of budgeting assets, liabilities, and owners' equity, and explain how this information is included in the QuickBooks Accountant budgeting process. Why is budgeting an essential practice for all organizations? What benefits does budgeting present to the organization, and what happens if an organization chooses to not budget?