Budgetary Control is a financial management process that helps organizations plan and monitor their income and expenses. It involves creating a detailed budget that outlines expected revenues and expenditures over a specific period. By comparing actual financial performance against the budget, organizations can identify variances and make informed decisions to stay on track. This process enables businesses to allocate resources efficiently and ensure that they do not overspend. Regular reviews of the budget allow for adjustments based on changing circumstances, helping organizations maintain financial stability and achieve their strategic goals.