One essential element to the success of any business venture is the ability to plan, manage, and organize finances accurately. But while budgeting is necessary, it isn’t a task that many people would gladly take up. Many believe the budget management is a pain, but the truth is that it doesn’t have to be.
With the right tools, budgeting can be easy – even fun!
Oh, you don’t think so?
In that case, check out these Excel budgeting templates for businesses and see for yourself!
Are you launching a startup soon? The First-Year Budget Calculator spreadsheet can make things easier for you! This excel calculator tool is pretty straightforward and very useful when it comes to gauging costs and projecting an estimated income for the first year of your operation.
Also included in the template is a monthly personal budget and expenses tracker to help you get an overview of how much funding you’ll need to kickstart your new business.
If you’re opening a new business, small business budgeting templates like this one will save you countless headaches from trying to figure out how to properly manage your finances. The Start-up Budget template allows you to track expenses, compare actual and estimated funding, and calculate business expenditures among others. With the right strategies and thorough planning, this simple spreadsheet can help you build a strong financial foundation for your business going forward.
This particular budget template had been a favorite of many startups and average-scale organizations since its publishing in 2015. Many first-time users commend it for its versatility and ease-of-use.
With just one workbook, you can create a monthly and annual budget for your company, and then compare the numbers to your projections. The template also has an overview sheet that provides convenient access to your budgeting performance.
The Business Budget spreadsheet is a must-have for businesses in the retail and service industries. When you download the template, you’ll find two worksheets – one for services and the other for goods.
The Services worksheet is divided into categories that closely resemble that of an income statement. The cells are easy to modify and customize, making it less troublesome for you to track both your income and business expenses.
The Goods worksheet, on the other hand, is specially designed for retailers and manufacturers. It contains all the categories included in the Services worksheets, plus a Cost of Goods Sold section where you can input your inventory, create a breakdown of purchases, and calculate your gross profit.
A variant of the Business Budget template above, this worksheet includes a 12-month sales and business expenses section which comes real handy when budgeting for expenses that occur annually, quarterly, or at specific intervals throughout the year. The template also has separate Goods worksheet where you can create a comprehensive breakdown for multiple product sales.
This worksheet is designed for businesses that require a more comprehensive business plan for their complex operations. The template has almost everything you’ll need to track and record critical financial decisions – from sales and receivables to payroll costs and expense projections. As its name suggests, this worksheet is very detailed, which means you can also use it to compute and compare your annual totals.
Another budget worksheet for medium to large-scale businesses, the Professional Business Budget template offers a separate sheet for recording business-related expenditures and another one for plotting accrued expenses.
This template also features a variances tracker and charts for analyzing your company’s budget and expenses data.
One of the most critical aspects of operating a business is calculating profit and loss, though it’s a fairly complex task. The good news is, Microsoft has created a template that makes calculating actual and projected revenues more convenient! Using data inputs, you can compute for estimate expenses for a specific time frame. Apply the conditional formatting feature of Excel into the spreadsheet, and the program will identify problem areas for you!
Budgeting for a project isn’t easy, but it’s a pain when you have to deal with unexpected changes along the way. The Project Budget template keeps an eye on the various aspects of a project. Labor, materials, costing, stage of completion – you name it, this template will help you track and align expenses with little difficulty.
If you’re on the task of tracking and organizing the budget of multiple departments, this template might be your new best friend! Use it to create detailed reports, compare actual and estimated expenses, and detect variances. You can also share the data with the heads of the departments involved to increase organizational transparency and accountability.
About The Author
Stevens is the Content Specialist for Excel Templates, a resource for free Excel templates including
calendars and charts. When not writing, he spends time building furniture and
running with his dog.