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1 (800) 386-3372 A business budget template is one of the most important tools you can use to run your small business. An effective small business budget template is a living document. Fortunately, you don’t have to spend a lot of money on fancy budgeting software. In this one simple Excel workbook, you can create your monthly budget, your annual budget, and then compare your actual numbers to your budgeted numbers. As a bonus, there are a number of resources linked on the Instructions tab, to help you create the perfect budget for your small business. This small business budget template uses your business’s chart of accounts as its basis, making it really easy to compare your actual numbers to your budgeted numbers.
These templates cover a wide range of budgeting needs, from a very basic overview of your business income and expenses to marketing budget templates. The tables and graphs on this tab will give you a quick visual representation of your income and expenses, making it easy to see where you stand at a glance. Depending on the software you use, you will likely be able to create a budget to actual comparison reports with the click of a button, making analysis a cinch. Now that you’ve chosen your business budget template, it’s time to start designing your budget. While you ultimately do want your budget to balance—or better, to show a cash surplus—forcing that by having unrealistic income or expense numbers will lead to frustration and resistance to the budgeting process. Fortunately, small business owners can choose from a number of free small business budget templates to help streamline this process.
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