text: how does the budget report differ from the cash flow report? project management actually, you can create a pro-forma "budget" or "cashflow". a budget simply means a schedule of costs, it does not necessarily mean "cash". cashflow is specific - it only deals with cash expenses, for example you would have a depreciation schedule (non-cash) on budget, but not on cashflow. you might have pre-paid expenses on your budget but not on your cashflow. a budget tells you when things happen, either cash or accrual. cashflow is only about cash, literally.