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 that 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!
1. Balance Sheet Template
A balance sheet (or statement of financial position) is a financial report that summarizes an organization’s assets, liabilities, and shareholders’ equity for a particular period of time. What this means is that the balance sheet provides a picture regarding what the organization owes and owns for a particular time frame. Use our balance sheet template to evaluate your organization’s status and financial stance.
2. Profit and Loss Statement Template
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, we’ve created a profit and loss template that makes calculating actual and projected revenues more convenient!
3. Cash Flow Statement Template
The cash flow statement (CFS), also known as a cash flow report, is a financial statement that sums up the amount of cash that enters and leaves an organization. Alongside the balance sheet and income statement, the cash flow statement is a mandatory component of an organization’s financial reports. The cash flow statement aims to look at how cash is moving in and out of the business. By examining this, organizations can consider how funds are moving throughout the organization and observe what impact cash flow has on the business. Use the cash flow statement template to examine your financials.
4. Financial Ratios Template
Financial ratios are an important indicator that are used to get insights and important information on the company’s performance, profitability, and financial health.
This Excel template is a complete 5-in-1 template – it has all of the formulas needed for calculating all of the 5 most important financial ratios:
1. Liquidity Ratios- measure working capital performance or the money available to meet your current, short-term obligations.
2. Leverage Ratios- measure how much debt your company has.
3. Efficiency Ratios- show how effectively your company uses working capital to generate sales.
4. Profitability Ratios- measure how your company generates profits using available resources over a given period.
5. Market Value Ratios- measure how valuable your company is.
Plug in your company’s numbers and get a quick and accurate picture of where you stand on liquidity, debt concentration, growth, profitability, and market value.
5. Small Business Budget Template
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.
6. Business Budget Template
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.
7. 12-Month Business Budget Template
A variant of the Business Budget template above, this worksheet by Vertex 42 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.
8. Detailed Financial Projections Spreadsheet
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.
9. Professional Business Budget Template
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.
10. Project Budget Template
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.
About The Author
Anthony 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.