While making a budget for your business, you need to have a close look at your expenses. The ways you allocate the business expenses and their actual position have a great impact on your business budget. It is essential to make a realistic business expenses budget and calculate a reasonable profit margin. To create a business budget, you can use these budget templates and refer to these examples.
5 Steps to Write Business Expenses Budget
Step 1: Project Your Revenue
The first step is to project your revenues as it will help you to determine how much money you have and what percentage of it you can allocate for the expenses to earn the target profit margin. If this is the first year of your business, please make realistic estimates of the revenue. In the case of an existing business, you can refer to the previous year figures.
Step 2: Segregate Your Expenses and Costs
Business expenses can be of three types- fixed, semi-variable and variable. You have to divide all your expenses into these types. As for the fixed cost, you can easily have an idea but the variable and semi-variable costs need to be estimated clearly. This part of the budget requires some effort but it is worth it.
Step 3: Unexpected Costs and Expenses
It is important to act prudently while making a budget and planning the spending. Do the research and try to find out the unexpected costs and losses you can suffer in the normal course of business as these unexpected expenses can set you off the track. There may be events as well which can affect your business, say an accident, so make sure that you have business insurance cover.
Step 4: Factors That Affect Budget
There are certain factors that you need to take into account. If you require certain raw material which is available only in a season, its fluctuating price in the off-season can catch you off-guard. So consider the seasonal factor. Then there are economical and industry trends which help you to estimate operating expenses and the growth rate.
Step 5: Put It All Together
After projecting revenues, estimating costs, considering all the factors and discussing everything with your business partners, write down everything you’ve got and organize it. Decide a profit margin goal and make a budget which helps you to realize your goal. Make sure that your budget is realistic, realizable and permit flexibility for future changes, if required.
11+ Business Expenses Budget Templates
To make a business budget quickly, use these templates and example for creating a realistic business budget.
Business Expense Budget Template
Monthly Business Expenses Budget Template
This monthly business budget template is a well-formatted budget template which you can use to make a business budget and save you from the hassle of making one. It is colorful but professional-looking. It has pie-charts which will help you to infer the percentage of every expense against the revenue. This budget template is ready to download anytime-anywhere.
Monthly Budget Spreadsheet Template
This is a monthly budget worksheet template which will help you to make your business expense budget as well as comparing the actual expenses and the budgeted expenses and display the variance between the two. It is available in all file formats. It is a customizable, simple but professional template.
Monthly Business Budget Planner Template
It is a monthly budget planner template which you can use to plan a business budget which will help you realize your financial goals. It has a comparable format and detailed as well. It is a professional budget template which is easy to edit, fully customizable and ready to print.
Business Expenses Plan Budget Template
It is a simple business expense sheet template, easy-to-understand and well-structured template which you can use to create a budget for your business. You can use its suggestive headings and content to save your time and effort. The expenses are properly allocated under their respective heads. You can use it in any file format or run on any operating system.
Yearly Business Budget Plan Template
In order to make a yearly budget plan to see the growth prospects for your business, use this template. It is colorful but professional. It automatically calculates the variance and provides a summary for quick reference. It has expenses covered but you can edit and add whatever heads you require in this customizable template.
Monthly Business Budget Worksheet Template
You can buy this simple, professional monthly budget template to keep a tab on your business expenses. This template can be useful to make a budget outline for your business. It provides auto-calculation. It is supportable to Google Sheets. It is easily editable and customizable and you can download it anytime.
Simple Business Budget Template
For making a budget for your startup business, this sample business budget template can prove to be helpful. It is not a very detailed one but includes expenses which will incur in your business. It is a comparable format which will lead you to make better budget plans in the future. It is fully customizable and can be downloaded instantly.
Sample Business Expense Budget Template
Making a business budget can be tiring so rather than making it from scratch; referring to these examples will give you a direction and an idea to make one of yours. This is an example which is detailed, easy to understand, simple and professional. This sample business budget template describes product wise inventory and direct costs which gives you a clear idea of the profit percentage of every single product.
Startup Business Budget Example
In order to make a business budget for your startup business, you can refer to this example. In the business start-up costs template and actual column, you can fill in the estimated and actual amount respectively. You can see the actual funds required for your business and the expenses you will have to incur.
Editable Business Expense Budget Template
This is an editable business budget template which you can use to calculate the capital you will bring in, the debts you will borrow, the cost of debt and the net income you will earn. The debt section is important as interest cost is an important factor while calculating the profit margin.
Professional Business Expense Budget Template
You can refer to this example to prepare a company budget and personal budget. It is detailed and covers almost every expense. The expenses are further divided into categories. It is a half-yearly budget sample. This is comparable and simple. If you are not using any ready-made template you can use this one.