Small Business Budget Template Free Download – We’ve compiled the most useful free small business budget templates in Microsoft Excel and Google Sheets formats, and we’ve also provided useful details for filling out these templates.
Included on this page, you’ll find many useful small business budget templates, including simple small business budget templates and business budget templates. Plus, discover why you need a small business budget template, and how to create a small business budget template.
Small Business Budget Template Free Download
Use this small business budget template to track and manage your business finances. This easy-to-fill template includes a sheet for month-to-month income, another sheet for reconciling monthly expenses, and a third sheet for recording your invoice cash balance, credit and debit liquidity balances. Easily track and view monthly income and expenses to calculate total profit. A complete budget helps you gauge how close you are to achieving your financial goals.
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This comprehensive and complete budgeting template is perfect for small business owners who want to track the financial health of their company. The template includes columns for hours worked, rates, materials, unit costs, and budgeted and actual figures for over/under figures. Use the template to easily compare budgeted amounts to actual costs for greater insight into how well you’re meeting your budget.
Track your small business finances month by month with this easy-to-fill 12-month business budget template. The template includes profit and loss category rows for cost of goods sold (GOGS), costs of sales and marketing, labor costs, and income before interest and taxes (EBIT). You can also factor in cash, inventory, accounts receivable, net fixed assets, and long-term debt to get monthly, quarterly, and yearly insights into your time-sensitive business budget.
Use this customizable template to track single or multiple project budgets to get a holistic view of your company’s finances. These business budget templates for multiple projects allow you to factor in business revenue (actual vs. budgeted), product-generated COGS figure, and gross profit (non-operating income) so you can quickly capture your adjusted total revenue. Enter operating costs to see your company’s financial position and how close you are to achieving your goals.
Get an annual check on your company’s financial health with this annual business budget template. Use the revenue sheet to enter your sales figures (charges charged, commission income, service revenue, etc.), and compare those figures to individual entries on the expense sheet (COGS, travel, insurance, etc.). Additionally, use the summary sheet to see an overview of your expenses, by income vs. expenditure. The finished model shows how well you are sticking to your budget and can help you determine any clarifications or adjustments.
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For a detailed breakdown of your small business expenses – and how they affect your company budget – this template contains a budgeted expense sheet that sums up your projected employee, office, marketing, training and travel expenses, and compares them to your actual expense sheet. Use the third cost variance sheet to check the variance between the two (planned vs actual), and the cost analysis sheet to get a dashboard view, so you can analyze the overall financial health of your organization.
Use this professional business budget template to make informed decisions about how projected costs and actual costs affect your company’s bottom line. Enter employee and operating costs on a single sheet, compare them with actual costs on the actual business expense sheet, and then check for variances and differences. Professional business analysis sheets provide a comprehensive analytical overview so you can see where you need to make adjustments to help your company achieve its financial goals.
If you’re looking for a budget template for a nonprofit, check out this article for a variety of budget templates suitable for any nonprofit.
Designed with simplicity in mind, this single sheet startup budget calculator has a single dashboard view for your business expenses. Use the template to easily compare projected and actual costs, and use the first-year budget calculation section to get instant insight into projected average monthly costs, based on both budgeted and -budgeted revenue and actual costs. Consider small business expenses, such as office space, loans, and marketing costs, to ensure your company is financially successful from the start.
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Small business budget templates are powerful tools that allow you to calculate expenses, income, and profits to see how close you are to achieving your organization’s financial goals. You can also use the model to calculate unexpected expenses and income to determine what expenses should be cut to keep company profitability on track. In short, a small business budget reveals additional opportunities and possible revenue streams.
Small business budget templates provide a clear, self-reported, factor-by-factor overview of company vs. capital estimates. output reality. Just enter the following details:
Once you have entered the budget details above, use the template to check the difference between the projected budget and the actual figures to track your business finances and make any necessary adjustments.
A small business budget allows you to plan expenses and analyze anticipated revenue against actual revenue. When creating a small business budget, consider the following factors:
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We’ve also compiled the most useful budget proposal templates for organizations, project managers, grant writers, researchers, team members and other stakeholders.
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When a team has clarity on the work in progress, it’s impossible to say how much more they can accomplish in the same amount of time. Try it for free, today. Step 1: Take an inventory of income to determine what you can spend Step 2: Subtract fixed and variable expenses from your income Step 3: Enter current income and expenses Step 4: Make better financing decisions for your small business
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According to the US Bureau of Labor Statistics, 20% of small businesses fail in their first year. And although the reasons vary, their absence is often due to liquidity problems.
Don’t let your business be another statistic. To give your new small business the best chance of survival, you need to learn how to take inventory of your income and expenses—your cash flow—and track what you actually earn and spend. In other words, you need a budget.
Creating a useful budget for your small business doesn’t have to be complicated. All you need is a spreadsheet tool like Microsoft Excel to create your budgeting tool. Even better news? We’ve created a free small business budget template for you.
Instead of creating your own budget spreadsheet, use our budget spreadsheet template to start planning your budget. We’ll show you how in four easy steps.
Free Business Budget Template To Enhance Your Bookkeeping
You cannot create a budget without taking an inventory of your income. Why not? Because your income determines how much you can spend.
To find out how much you earn, you can refer to your income statement (P&L), also known as your income statement. The income statement shows how much profit your company made, or how much you lost. It has three components:
For this first step, we are most interested in your earnings. Depending on your business model, you may have multiple sources of income, such as a subscription service or online classes. To get an accurate budget, make sure to include all revenue streams in your inventory.
You will notice that we use the terms revenue and revenue interchangeably here. This is because revenue and total revenue have the same definition—the total inflow of money from your primary income-generating activity. Your income can be further divided into two categories: operating income and non-operating income.
Free Printable Budget Templates To Help You Manage Your Money
Operating income refers to your income before interest and taxes. Non-operating income includes money you earn from activities unrelated to your core business operations, such as interest or rent.
Underline? If you make money from it, include it in your source of income. See the image below for an example of how it looks in our model:
Once you inventory your income, you can deduct fixed costs. Fixed costs include annual or monthly fees such as rent, insurance, membership fees, subscriptions, or anything else that you pay the same amount over and over again. Planned costs are easy to predict because they are consistent.
Variable costs, however, are a different story. This includes expenses such as utilities, marketing, materials, wages, and travel, and the cost can vary from month to month. To estimate the total for your budget, you can refer to old receipts and invoices.
Handy Business Budget Templates (excel, Google Sheets) ᐅ Templatelab
Note: When it comes to travel, or other expenses incurred by individual employees, it’s a good idea to have a business expense model to break down so you can incorporate those expenses into your budget. We’ve included one in our free download for your use.
Once you’ve identified all of your fixed and variable costs, subtract those costs from your income. Now you have your net income.
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