Budgeting teams are groups within an organization responsible for planning and managing financial resources. They analyze income and expenses to create budgets that align with the organization's goals. These teams often collaborate with various departments to ensure that financial plans are realistic and achievable. Effective budgeting teams use tools and software to track spending and forecast future financial needs. They play a crucial role in decision-making by providing insights into financial performance. By monitoring budgets regularly, these teams help organizations stay on track and make informed choices about resource allocation and investments.