Small Business Budget Worksheet – Running a successful small business is hard. Running a successful small business is impossible without a budget.
Without easy access to your financial information, many decisions are more difficult than they should be. For example: How can you make smart decisions about whether it’s a good time to expand your business, buy new products or assets, or expand yourself?
Small Business Budget Worksheet
A budget is a tool that allows you to check your real budget and your actual budget. Creating an effective budget requires realignment of the business environment against the legal framework.
Printable Business Budget Template In Pdf (gray)
If this is difficult or time-consuming, don’t panic. There are online resources that make the process easy. In fact, there are many customizable business budget templates that you can access right now. And just to keep them on your budget (see what we did there?) they’re free!
We’ll walk you through seven of our favorite business budget template tools right now, but first, check out what you need to know about creating a business budget.
Creating a business budget is a very important step to ensure that your business not only stays on track, but uses the money you have in the best possible way. Whether you’re a startup or a more established business, including a business budget in your business plan is a great way to stay organized and plan how to put your budget to good use. If you’re a startup, you’ll want to budget for your ongoing expenses and the expenses you’ll need to get your business off the ground.
How you create your business budget will largely depend on the type of budgeting process you follow. Once you’ve chosen your favorite method, you can use one of the template tools we’ll discuss to help you create your budget realistically.
Real Estate Budget Templates
Master budget. If you have a large budget, your budget will involve taking information from other small budgets in your business (think sales vs. operations) and combining them into one big budget. This type of budget is ideal for large companies with many departments each with their own budget. Budgeting provides a complete overview of your expenses.
Operating income. This type of business budget is popular and measures income and expenses over a selected period of time. It allows companies to compare their results with their operating budgets.
Budget. When you create a financial budget, you simply look across your income and expenses and add any assets, liabilities, and stockholders’ equity to your budget. You will use the balance sheet to present this information and get a clear view of the health of your entire business. This type of budget is often used when a business ventures, an initial public offering, or a merger.
Budget. This type of budget estimates how much a business will spend during a specific period of time (such as a quarter). A budget provides insight into how an organization can meet its immediate financial obligations or if they will need financial assistance, such as a line of credit, to pay for any upcoming expenses.
Printable Budget Templates
Budget. If you have employees, you will want to consider creating a labor budget that can help you determine how many employees you will need to achieve the level of productivity you want and how much you will cost to do so.
Creating a financial budget. Creating a cash budget helps companies plan for profitable purchases. For example, buying a new warehouse or expensive machinery. A budget will calculate the value of the asset you are planning to buy and look at the expected payback period and what the potential return on investment will be.
Financial planning. By incorporating financial information, a strategic budget can help create a meaningful roadmap for how your business will grow. If you have long-term goals, this budget can help you achieve them in the right way—and in the clearest financial way—possible.
Fixed budget. If your marketing and business expenses are volatile, then a static budget may be just what you need to keep you on track financially. You will not change this budget during the year and it can be a good way to determine the changes between your budget and the actual line item. A fixed budget can also be useful when analyzing marketing performance.
Free Excel Bookkeeping Templates
Capterra downloads include monthly and yearly breakdowns that can be used in Excel spreadsheets. “Imagine going into a month without knowing what you’ll spend or how much you’ll make,” the site says. “If you’re interested in having money in your bank account at the end of the month, you can start thinking ahead.” Budget goals, they say, are “specific points to track progress against.”
Also, you don’t have to look very hard to find many budget templates. Google Sheets offers an impressive variety of business budgeting templates for Google Sheets. The tables and graphs in the summary tab provide an overview of your income and expenses, giving you a quick overview of where you are paying money. Don’t know where to start? Check out this well-designed annual budget template.
Do you use Microsoft Office? If so, you’re probably sitting on a database of useful budget templates right now without even realizing it. Microsoft Office has a great budget for every need. These charts and graphs vary from month to month.
This resource includes business budget templates designed specifically for financial planning, startup expenses, profit and loss statements, and income statements, among many others. In addition to budgeting, the site has templates for startup planning, marketing and sales, even business management.
The Best Free Business Budget Worksheets
It’s Your Money is a no-nonsense home for all things finance, with tons of helpful resources and tutorials and tips that business owners can use, regardless of your level of financial literacy. Here, you will find many free Excel business expense templates, which will help you budget, “plan for future expenses, make miscellaneous payments, and monitor your debt burden.”
As the site warns, these templates are not perfect, but they are flexible and easy to customize for your own situation. For example, find a budgeting guide here. Or, find a list of all IYM templates here.
This site offers a variety of worksheets for service-based businesses and tools to create their own budgets. Income and expenses are also broken down so that you can see where money is coming in and where it is going out. Find and download a free budget template here.
Another Excel spreadsheet business budgeting site, Vertex 42 includes a set of budgets for businesses that provide services or products. It displays a worksheet that breaks down, month by month, both sales and expenses. And for anyone considering starting a new business, the site offers free business startup templates.
Monthly Budget Excel Template
Find out which of these small business expenses are useful in defining your business goals. For any of these templates to work, however, you need to keep a daily budget as part of your routine. When you get closer to getting your financial plan in place, you’ll be able to better prepare your business for years to come.
When you create your budget using a business budget template, you may find that you need help filling in gaps for hiring employees or purchasing expensive equipment. If this is the case, you may want to consider your financial options. A business line of credit option can come in and help when your business experiences slow sales, late invoice payments, or unexpected expenses. Creating a budget is always good, but it’s even more important when you’re running a business. Failure to properly budget can significantly affect your bottom line, and threaten the success of your business. By creating and following a budget, you can better control your budget, avoid overspending and plan to achieve your financial goals.
Of course, you’ll also want to write down and track your budget. Using a business budget worksheet for this purpose can help you:
To help you get started, we’ve created a variety of business budget templates for Excel that you can use for any organization – from startups to established companies. Download the template that fits your needs, and start planning for financial success.
Small Business Weekly Budget
Use this business budget template to track monthly income and expenses for any size business. This template contains various worksheets for creating a budget for a project or product-based business. Revenues and expenses are also broken down by type to take a closer look at where the company’s money is collected and spent.
For more detailed information on your company’s finances over time, use this business budget worksheet. Plan your income and expenses for each month and for the entire year. Then add yours
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