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When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Wherever you find a budget spreadsheet or template, do some research before downloading it.


Get a grasp on the bottom line by itemizing each expense and revenue source. Then, use that data to monitor your proximity to profitability. Use this annual operating budget template to gain year-over-year insight into how your organization’s expenditures relate to revenue. Enter total income, total expenses, and total savings to arrive at your month-by-month net income. Add salary or details, any interest income, refunds and reimbursements, and any other miscellaneous costs to help identify budgeting shortfalls and ensure your business is on sound fiscal footing. If you want granular control over your finances, this “Gather Little by Little ” budget template is for you.

Improve budgeting with spend management

Capterra small-business budget template has been a fan favorite since it was published in 2015. 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. It also has a convenient overview sheet, which gives users access to their performance at a glance. When you have a house full of people, tracking expenses can get complicated. Monthly budget spreadsheets are helpful when managing spending for your family or roommates.

Hal M. Bundrick is a personal finance writer and a NerdWallet authority in money matters. He is a certified financial planner and former financial consultant and senior investment specialist for Wall Street firms. Hal advised families, business owners, nonprofits and trusts, as well as managed group employee retirement plans in the South and Midwest. Hal now works to make financial topics understandable and jargon-free. Now that you’ve made a list of your goals and started tracking your expenses, you can begin creating your actual budget using a personal budget template.

You can also track your college budget by month or by quarter. While annual budget templates are useful for evaluating expenditures vs. revenues annually, you can also assess your budget’s feasibility quarterly or over your first business year. This information can help you create a budget that allows your business to continue operating with a sound financial outlook. Finding the right template can help you get started planning your budget, but you should also look for a solution to ensure your finance operations are as efficient as possible.

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You can also track your finances on an even deeper level by downloading and using one of our weekly budget templates. These templates offer an example of what your budget might look like once it’s complete. No matter how great your income, planning ahead is important so you don’t overspend, or spend too much in the wrong place. Easily compare your own spending against these sample low-income and high-income budgets to see if you’re on track or need to make adjustments.

On the positive side, these reports also highlight the great work they’ve done to remain on track. The budgeting report will look very similar to your income statement. You’ll set out sales and revenues, followed by various expenses, and then your net operating income.

  • For variable expenses, such as utility bills, calculate your monthly average.
  • Planning ahead is especially important when it comes to your retirement.
  • NerdWallet strives to keep its information accurate and up to date.
  • Review the financial plan from time to time—detect loopholes.
  • However, due to lower production, incentives were not delivered.

Fortunately, you don’t have to spend a lot of money on fancy budgeting software. There are several free small-business budget templates available online. Track expenses and manage your budget in one location with this money manager template. With a yearly budget, a monthly budget report, and a transaction history log, you will have one comprehensive budgeting solution in one location to track expenses and income appropriately. If you just need a basic budget tracker, or if you’re making a budget for the first time, this simple budget template can help you get organized. It offers a basic snapshot of your income, expenses, and insight into extra money that you can save.

Free Budget Excel Spreadsheets and Other Budget Templates

We’ve provided you with the best free budget template selection around, whether you’re managing a personal budget, an industry-specific budget, or balancing a household budget. Additionally, we’ve provided details on how to choose the right budget for your use case, and steps on how to create one. Financial PlanningFinancial planning and analysis (FP&A) is budgeting, analyzing, and forecasting the financial data to align with its financial objectives and support its strategic decisions. It helps investors to know if the company is stable and profitable for investment.

It provides information about how an organization will invest in new machinery, new products, and replace old machines and whether the same is fruitful for the organization. Your next steps will of course depend on the circumstances and your particular situation. But you simply can’t expect to increase budgetary controls by chance. It’s difficult and time-consuming, but it’s also where you add serious value to your business. In this step, you really just need to identify the original budget figures, because we’ll start doing math in the next step.

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It’s worth spelling out clearly the differences between budgets and forecasts. They’re close cousins, in a way, but the purpose and goals for each are slightly different. Numbers and formulas can make budgeting a turnoff, but this simple worksheet is the furthest thing from intimidating. It’s a great jumping-off point if you’ve never budgeted before. NerdWallet breaks down your spending and shows you ways to save.

Let us assume Ryan goes to a departmental store and picks a lot of stuff. At the billing counter, he realizes that he does not have enough cash. This is where financial planning plays a role—saving people from potential embarrassment. ProfitabilityProfitability refers to a company’s ability to generate revenue and maximize profit above its expenditure and operational costs. It is measured using specific ratios such as gross profit margin, EBITDA, and net profit margin. RevenueRevenue is the amount of money that a business can earn in its normal course of business by selling its goods and services.

Annual Marketing Budget Template

Sometimes budget reports might manipulate or hide some information that can be useful for decision-making. And of course, when it’s time to build your next budgeting report, you have all the data you need sitting there in the platform, formatted and ready to go. For example, with employee expense cards, you can allocate a set amount of spending for a specific purpose.

The changes in incomes and expenditures are brought out by labor laws, inflation, market growth, and economic downturns. Budgeting is done by top-level management in the top-down approach; other levels implement it. In the bottom-up approach, inputs from various levels are sent to top management. If you are looking for budget templates for nonprofits, check out this article for a vast variety of budget templates suitable for any nonprofit organization.


Ensure that you’re saving enough money to live comfortably in retirement by creating a comprehensive plan, estimating your daily needs and expenses, and documenting how you will allocate your income. Gain insight into your income and expenses and estimate your budget with inflation factored in to make sure you’re covering all your bases. Track fundraising efforts, document sponsorship amounts, and manage expenses to ensure the operations and strategies of your academic club run smoothly with this comprehensive template. Gain insight into budget versus actual balances and better manage club revenue.

On the other hand, estimated expenditure is the cash outflow that an individual, firm, or government expects to make in the upcoming period. ExpensesAn expense is a cost incurred in completing any transaction by an organization, leading to either revenue generation creation of the asset, change in liability, or raising capital. This report is important to safeguard the organization from future threats. Suppose the organization’s expenses will increase next year, and one will make sufficient provisions to safeguard them. All the expenses under the budget need approval, and nothing will carry forward from the previous year’s budget.

Annual Startup Business Budget Template

Take some time to make a list of your short and long-term goals. Determine why each goal is a priority, how you plan to achieve them, and the timeframe in which you would like to accomplish them. Short-term goals should only take a year to accomplish and would include items like paying off a credit card. Your long-term goals could take many years to accomplish, with examples of long-term goals including saving for your child’s education or your own retirement.

This monthly budget sheet can help you forecast expenses for your business or academic department for the entire fiscal year, as well as by month. You can also compare percentage changes in the budget from year over year. Expenses are grouped by category to give you a snapshot of how you’re allocating department funds.

Budget Report

Regular tracking helps identify financial pitfalls before they become unmanageable. Now that you’ve chosen your business budget template, it’s time to start designing your budget. This is where many small-business owners procrastinate because people typically see budgeting as restrictive or punishing. But with a good business budget template, the process can be much less daunting.

Creating a florida income tax rate and then forgetting about it is wasted effort. You must compare your actual numbers against your budgeted numbers regularly. Finally, choose and download the right budget template and use it to plot all of this information – make sure your spending doesn’t exceed your income.

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This is why companies need master budgets, integrating different departments. Ultimately, the top management prepares the breakdown of spending and passes it down for implementation. In contrast, in the bottom-up approach, managers prepare department-wise reports based on team inputs and past experiences. It is a health check for the organization—it is essential for avoiding cash crunch or losses.

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In the case of the federal government, it refers to the total amount of income generated from taxes, which remains unfiltered from any deductions. Rick VanderKnyff leads the team responsible for expanding NerdWallet content to additional topics within personal finance. Previously, he has worked as a channel manager at, as a web manager at University of California San Diego, and as a copy editor and staff writer at the Los Angeles Times. He holds a Bachelor of Arts in communications and a Master of Arts in anthropology.