Yes, you can create any number of budgets. Companies create different budgets for a number of different purposes:
- Division-specific budgeting for accurate pricing
- A budget with aggressive sales goals for optimistic estimating scenarios
- A budget with pessimistic sales goals, in case things don't work out as planned
More budgets can also make things more complicated. Splitting overhead is 'guesswork' and the more budgets you have, the more difficult it is to accurate split overhead across divisions.
We recommend that if you're deciding between multiple budgets, start with the least amount. Keep it simple. If you decide you want to split off to multiple budgets later, you can. You can also copy existing budgets to reduce the time it takes to create new ones.