Do I really need an IT Budget Template? Yes you do, because Information technology is part and parcel of almost all businesses today. It is however still common to find some organizations neglecting the cash that they spend on their computing; they partly or completely fail to record many of these seemingly tiny expenses on purchases, repairs, replacements, and internet charges among others and use excel budget template.
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Facts about Information Technology (IT)
As stated in a CNBC article, Gartner had expected that the global spending on information technology would reach $4 trillion in 2019. And $125 billion of which would be on cybersecurity.
With that, Statista’s data showed that the government and businesses worldwide spent $3.5 trillion on IT.
Furthermore, around 8% of a company’s yearly revenue was for their IT budget.
Whether you are operating a small or big business, you need to keep all these records and account for them as expenses in your final statements. Having proper budget templates will help you to know how productive your computing investments are, and enable you to predict their future more reliably. If you have any DMCA issues on this post, please contact us!