Budget Account

Business, Legal & Accounting Glossary

Definition: Budget Account


Quick Summary of Budget Account


A bank account set up to control a person’s regular expenditure. The account would typically include the payment of such items as mortgage, utilities, telephone and other similar items. Annual expenditure for each item is divided by 12 and paid into the account monthly. The bills are then paid from the budget account as they become due.



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Budget Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 26, 2020 https://payrollheaven.com/define/budget-account/.
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Budget Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/budget-account/ (accessed: October 26, 2020).
American Psychological Association (APA):
Budget Account. PayrollHeaven.com. Retrieved October 26, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/budget-account/

Definition Sources


Definitions for Budget Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.