![]() ![]() As the months pass, adjust your budget based on new developments or changes in your business. You can then use this template to track your monthly expenses and income. Once you have all the information gathered, enter it into an Excel spreadsheet. Start by identifying all the relevant categories and items to your business. How to Make a Monthly Budget Template?Ĭreating a monthly budget template is similar to creating a one-time budget. With a bit of time and effort, you can have an adequate budget in place that will keep your business running smoothly. ![]() Once you're comfortable with the budget, you can modify it as needed to accommodate any changes in your business. ![]() Using a free Excel business budget template, you can quickly and easily create a comprehensive budget that will help keep your finances in check. This way, you'll always have an accurate picture of your financial situation and be able to adjust accordingly. As the months progress, you can easily adjust your budget if it becomes necessary. This will give you an accurate picture of how much money is coming in and going out each month. Once all the information has been entered into your template, it's time to begin tracking income and expenses. It's important to remember that budgeting can be complex, and you should always consult a professional if you need help. Once you have identified these categories, you can enter them into an Excel spreadsheet. This includes revenue sources, fixed costs such as rent or utilities, variable expenses like advertising or travel, and any other relevant items. When creating a budget template, it's essential to include all the categories and items relevant to your business. A budget also helps you identify areas where costs are getting out of control so you can take corrective action before they become too costly. Without a budget, setting goals and tracking progress can be challenging. Why Is Budgeting Important?īudgeting is essential for any business, as it allows you to plan ahead and ensure your organization is on the right track financially. With budgeting, you can track spending, identify areas where you may be overspending, and make adjustments as needed to stay within your budget. It helps you plan out how much money you will need to cover your business costs for the month or year ahead. That is, the total amount of income must match the total amount of expenses in order for it to work.Budgeting is a process of predicting and managing your income and expenses. (Note that this term also has another meaning, see Wikipedia, but that's not what I'm talking about). This spreadsheet is based around the idea of a Zero-Based Budget In order to use this spreadsheet you'll have to decide what accounts you want to track with it and how you'd like to categorize your spending. transfer: money moving from one account to another.checking account, wallet / envelopes, mortgage, credit card, etc.) account: something that can contain money/debt (e.g.If you feel like helping out please improve it and submit a pull request!)īefore we dive in, I want to define some terms that I'll be using: ( Note: This documentation is incomplete. If you get stuck feel free to post a question in the "Issues" section of the Github repository. Read the instructions in the blue text boxes and try it out. ![]() (It does not contain any VBA scripting so might work in other spreadsheet software, but I have not tested this.) How do I use it?ĭownload the financial-plan.xlsx file and open it using Microsoft Excel. I use it and find it helpful so I've shared it with the public for you to do with as you please. They're designed to be hard / impossible to mess up and usually include free technical support.Īlthough I've tried to make this spreadsheet pretty robust (shouldn't be able to get wrong answers without intentionally disabling the worksheet protection feature) and easy to tailor to your needs, I make no guarantees about the accuracy of its calcuations, its reliability, or any other concern. If you're not comfortable working with an Excel spreadsheet and aren't interested in learning that, I recommend using a budgeting app like EveryDollar instead. I think it is a good compromise between a full-blown accounting system (I had been using GnuCash for years)Īnd pencil and paper (if you do this by hand, props to you for your patience and organization!).ĭISCLAIMER: Although it works great for my purposes, I'm an engineer and enjoy numbers, spreadsheets, formulas, source code, etc. When my wife and I took Dave Ramsey's "Financial Peace University" course in late 2012 we created this spreadsheet to plan and track our spending. Excel-based monthly spending planner Introduction ![]()
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