A business can not operate unless it knows where its sources of revenue are and the different costs that it has to make. That is why it is important for one to come up with a business budget that holds all of that information. This article will provide you with the information that will teach you how to properly make one.
9+ Sample Business Budget Templates
1. Business Budget Template
If you are running a business and you want to know exactly where it stands financially, then this is the template for you. Download it so that you can start making the budget that’s best for your business. Be sure to use programs like Microsoft Word or Microsoft Excel to open and edit the template.
2. Monthly Business Budget Template
In order for a business to get by every month, it needs to know how much it has to spend in order for it to continue to operate. By downloading this template, you can create a budget that will tell you everything from the business’s monthly expenses to its different sources of income.
3. Business Sales Budget Template
4. Startup Business Budget Template
When starting your own business, it is important to know exactly where it will get its income and what costs have to be made to ensure that it’s able to operate. With this budget template, you can create a document that will have all the information your startup businesses needs to properly manage its finances.
4 Steps for Creating a Business Budget
Step 1: State why you need to make the budget.
Is it for the purpose of starting up your own business? Is it for a business project that needs to happen? Make it clear as to what the budget is for as this will help you determine as to what sources of revenue and expenses you’ll be putting in it.
Step 2: List down all sources of revenue.
When making any kind of budget, it is important for you to take note of all the different sources of revenue that your business draws money from. Be sure to take note of the irregular sources as you will still need to include them into the total estimated amount. Also, be sure to only list down the sources that fit into the time period your budget covers.
Step 3: List down the expenses.
Much like the previous step, all you have to do here is to list down all of your expenses within the time period your budget is supposed to cover. Take note of any emergency expenses that need to be made and include them into the list.
Step 4: Calculate the total amount of both expenses and revenue.
Lastly, you will have to acquire the estimated total amount of both expenses and revenue. If the total amount of your expenses is higher than the total amount of revenue, then you will have to consider what it is that you will need to cut in order for your business to maintain its intended budget.
5. Annual Business Budget Template
If a business wishes to operate throughout the entirety of a year, then it is important to know all of its possible sources of revenue and the expenses it will need to make within that year’s time. That is why many businesses come up with annual budgets and downloading this template will allow you to make one.
6. Business Trip Budget Template
There are some employees who are tasked by their employers to participate in business trips that could potentially benefit the company they work for. However, it is important to take note of what expenses will be made during the entirety of the trip to prepare the amount of money needed to be spent by the employee. With this template, you should have no trouble coming up with a business trip budget.
7. Business Plan Budget Template
Creating a business plan is never going to be an easy task as there are many things that one has to consider in order to start or run a successful business. One of those things is a budget that covers all possible sources of income and expenses that need to be made. If you need to make a budget that fits into your business plan, then this is the template that you will want to download.
8. Simple Business Plan Budget Template
Should you feel that there is a need for you to create a budget together with your business plan, then this is the template for you. With it, you should have no trouble in creating a document that covers all of the things that your business needs to spend on or where it’s possible sources of revenue are in order for it operate in the industry.
9. Business Budget Proposal Template
Let’s say that a business has no idea on how it should budget itself in order to operate successfully in the industry. By downloading this template, you can make a proposal in which you point out exactly how much the business will need and what it needs to spend on in order for it to run the way it’s supposed to.
10. Sample Business Budget Template
If you are looking for a template wherein you can easily create a budget for your business, then be sure to download this one. Once you have it, you can choose to either edit it until it becomes exactly what you need, or you can simply use it as a reference for when you decide to create one on your own.