Best Budget Templates Excel
Best Budget Templates Excel – Failure to manage your budget effectively can waste time and resources, and may even cost you money in the long run. Fortunately, using a budget template can help you track, monitor and control your spending. You just need to know when and how to use it to get the most out of it.
Whether you’re using a budget template in Google Sheets or customizing an existing template in a task management platform, knowing how to use a budget template effectively can make a big difference.
Best Budget Templates Excel
In this article, we’ll walk you through the ins and outs of using budget templates and share some custom budget templates we’ve created for Google Sheets.
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A budget template gives you a clear picture of your financial situation. It lists all the details of your budget, showing your current balance, how much money is flowing into the business and how you’re spending it. While you can create your own budget planner, using a template like the one for Google Sheets can save you time and ensure you include all the information you need.
Tracking financial information allows you to make informed decisions about budgeting and spending. You know how much money you have in your bank account, how much is coming in and where it should be spent.
Budgets come in different shapes and sizes depending on the use case — so let’s explore some sample budget templates to give you an idea of how you can use them.
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Google Sheets has several simple budgeting template options, such as annual budget templates, monthly budget templates, and expense reports. But none of the default options are suitable for business purposes.
Why? Since they are primarily designed for personal use, if you are creating budget templates for business purposes, you will need a slightly more detailed template. To make your life easier, we’ve created several free Google Sheets templates to make them easier for businesses like yours to use.
With the annual business budget template, you’ll get the ultimate overview of all your spending throughout the year. In one location, you’ll see your annual budget metrics, including expenses, income, revenue, and profit.
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Because of the amount of information it contains, it’s great to get an overview of the bigger picture. But if you want something easier to understand, consider a monthly budget template.
For personal finance, Google Sheets’ monthly budget template isn’t a bad choice. It lists all your monthly expenses, monthly income, savings, and beginning/ending balance.
But if you want something you can use for business purposes, you may need a template with more detail. That’s where we can help.
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A good monthly budget template allows you to track your monthly spending across your business. You can see all outgoing expenses and incoming income, categorize and color code to track expenses and make sure you don’t overspend.
The budget tracker template helps you get better control of your finances. It tells you how much you’re spending against your budget, making it easier to control your spending.
Depending on the template you use, you can divide your budget into different departments. For example, you can track all of your operating expenses against your operating budget.
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This gives you better insight into where your spend is and how you can best allocate your resources across the enterprise.
Track your marketing expenses and budget allocations with the marketing budget template. With this template, you can align your marketing efforts with quarterly and annual spending goals.
And if you use a marketing budget template, you can integrate with advertising platforms like Facebook Ads to track your spend in real-time and instantly see whether or not you’re over or under budget. As a result, you can make quick and informed decisions about your marketing efforts to maximize resources and reduce overspending.
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Keep track of payments in and out of your business with income and expense templates. With this template, you can better manage your cash flow and be proactive with your finances.
When it comes to managing your budget with , you’re in good hands. Our platform can integrate with Google Sheets via Zapier or our low-code software, so you can use the budget template directly on .
You can also easily customize the template to fit the unique needs of your business. Add custom columns and labels, create custom automations, assign payments to a specific budget category, and even integrate with external platforms for real-time expense tracking.
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As a business operating system, it helps teams manage the entire workflow — not just budgets. Optimize not only your company’s spending, but also your processes and habits — start collaborating with your team as efficiently as possible and maximize your company’s productivity.
Effective budget management is easier said than done. To proactively manage your budget and track your spending, check out these best practices.
The ability to determine where to allocate your budget and resources will ensure that your project runs as smoothly and efficiently as possible. To effectively prioritize spending, make a list of your cash outflows. Mark the required payments and find out the total amount. Once you have processed essential payments and their costs, you can prioritize these costs.
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They are non-negotiable, so consider these payments before spending them on other areas. If you use the ‘s template, you will be able to mark these payments in the template to help you identify them.
Ultimately, all this automation saves you valuable time. Overall, you’ll spend less time checking due dates and payments, and more time proactively managing your budget.
Here we’ll answer some frequently asked questions about the budget template for Google Sheets to answer your questions.
Free Operating Budget Templates
A budget plan — sometimes called a spending plan — describes how your budget will be spent. It helps you know if you have the budget to do the things that need to be done and how your budget should be spent to achieve your goals.
It will also notify you if you don’t have the funds needed to complete certain tasks. As a result, you can reassess your spending before you reach the stage where you’ve overspent.
Yes, there is an annual budget template designed for personal use. There are also a monthly budget template and an expense report template that are included by default. To create a comprehensive budget for your business, you can use our custom templates instead.
Budget Templates To Manage Your Finances And Track Spend
The templates are customizable, but they are not as interactive and user-friendly as the templates in .
The way spreadsheets are created varies from company to company, so there is no fixed formula. However, most spreadsheets include the following information:
If you want to use Google Sheets, you can choose one of the pre-made templates. If you want to use the interactive budget template, check it out. We’ve compiled the most useful free operating budget templates, including templates for small businesses, schools, nonprofits, restaurants, and startups. You will also learn what to include in each component of the operating budget.
How To Use The Google Sheets Budget Template (free Spreadsheet!)
On this page, you’ll find small business operating budget templates, annual operating budget templates, and school operating budget templates.
Use this basic operating budget template to better understand your company’s spending and revenue. Enter your monthly volume and cost per unit of goods sold (COGS) information to determine your monthly revenue. Enter fewer variable and fewer fixed costs, as well as depreciation and other expenses, to arrive at a net income figure that reflects the true financial position of your business.
Track your small business’s profit strategy with this basic template. You’ll find the budgeted units of product or service for each line sold and the gross monthly revenue earned, listed as COGS, expenses and contingencies, and total expenses. A unique budget summary shows your net income, so you can track your business goals.
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This personal operating budget template is great for determining if you have the resources to meet your financial obligations. Enter your expected vs. actual income, savings, housing costs and daily living expenses to determine where you need to cut costs or have extra money for savings or additional investments. Get an accurate picture of your personal and household finances with this fully customizable template.
Get annual insight into your spending and income with this template. The sections include total income, total expenses, and total savings, resulting in a net monthly income. Enter wages/salaries, interest income (if applicable), any refunds/reimbursements, and other expenses to determine the operating budget deficit.
Use this school operating budget template to avoid financial shortfalls by comparing funding to spending. Enter aggregate school information (number of students, teachers and teaching assistants, as well as average salary) to calculate your school’s total spending. Complete the picture by adding details of income (basic state and local aid, grants and fundraising, and allowances).
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Nonprofits can track annual income versus expenses with this easy-to-use operating budget template. Enter income — including information on government contracts and grants from organizations, corporations or religious organizations, as well as individuals
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