What is a quarterly budget report?

A quarterly budget report is a financial document that summarizes an organization’s financial performance over a three-month period. It typically includes an analysis of revenues, expenses, and variances from the budgeted amounts, providing insights into the organization's fiscal health. This report helps stakeholders assess whether the organization is on track to meet its financial goals and make informed decisions for future planning. It is often used by management, investors, and regulatory bodies to monitor financial progress and accountability.