Even with a well-defined mission, vision, and goals, a business cannot survive without proper budget allocation. The budget starts with the company’s revenue budget, which is the top line amount in any budget. Revenue is the total sales of the company before the necessary deductions. This amount indicates how successful the company is in generating sales and income. The company then works around the revenue budget and allocates it to different areas to gain more profit for the upcoming year. In this article, a list of revenue budget templates are provided to help you organize your business’ financial growth and success.
9+ Revenue Budget Templates in Google Docs | Google Sheets | Word | Excel | Pages | Numbers | PDF
1. Revenue Budget Template
A well-planned budget makes a business successful, no matter how small it is. Smart financial decisions also stem from proper budgeting. You can achieve your financial goals for your company with the use of this budget template. Input your sources of income and expenditures in this well-organized sheet, and you are good to go.
2. Revenue Budget Template Excel
Your revenue from the previous year serves as your company’s capital budget for the new fiscal year. With this, you can base your budget allocation from the previous budget revenue plan. You can easily adjust the budget for your operating costs basing on your previous experience and according to the new needs of the company.
3. Revenue Budget Format Template
Budget plans can have various time frames. It can adapt a monthly or annual format, whichever best fits the company and its needs. Monthly budget plans are especially beneficial for start-up companies that need to keep a close eye on their expenses and income to reach financial stability. This template can efficiently do the job. Download a copy now!
5 Steps in Making a Revenue Budget
Step 1: Account all Sources of Income
Before coming up with the total revenue, you need to account for all the income sources of the business. The sources include all capital investments and ventures that help in the production of the company. Do not forget to take note of the passive assets of the company.
Step 2: Compute Operational Costs
The revenue is not all for distribution. The operational costs are the production-related costs of the company. These figures are deducted from the income to determine the amount for allocation.
Step 3: Calculate Tax Deductions
The income tax is also another factor that needs consideration before allocating the budget. The calculation of the deduction varies depending on the taxable income of the business.
Step 4: Be Realistic
For the budget allocation, you need to set realistic goals and objectives. You can base your projections on previous financial statements and the current forecast of the business management. Stating realistic figures is beneficial for the stability and profitability of the business.
Step 5: Set Priorities
Basing on previous documents, you can determine the programs and efforts that raked in more for the revenue of the business. With these pieces of information, you can choose the areas that will continually produce assets for the company.
4. Revenue Budget Format in Excel Template
The revenue and net income are both vital in creating a budget plan. But, do not confuse one over the other. The revenue is the generated amount from the regular sales operations of the company. On the other hand, the net income is the remaining sum after subtracting the operational costs. Take note of these elements by using this budget format, which are fully customizable in MS Excel, Google Sheets, and MAC Apple Numbers.
5. Revenue Budget Form Template
Proper business management demands the administrators to be well aware of its current financial status. There is a need to take note of the income, expenses, and tax deductions for each month. These figures can help you come up with better decisions for the company, especially when it takes part in hiring, expanding, and investing.
6. Sales Revenue Budget Template
The financial strength of a company has three measures. It includes the ability of the company to pay-off short-term and long-term financial commitments and its ability to generate profit. As mentioned, the revenue is the mark of a company’s ability to produce income. This budget template can document all three. Take full advantage of the benefits of this cost sheet by downloading a copy now.
7. Revenue Expense Budget Template
Aside from introducing new and innovative ways to solve current problems, another aim of a start-up company is to achieve financial stability. Financial stability includes the amount of time it takes to generate the return of their investment and to profit from it. Accounting revenue and net income is the most common way of tracking their stability.
8. Revenue and Expenditure Budget Template
There are also budget plans for specific uses, such as for particular projects and programs of the company. The funding for these programs are according to the allocation from the revenue. These sheets are crucial in keeping track of the company’s expenses. If you don’t have a budget template yet, this document samples is yours for free.
9. Revenue Budget Worksheet Template
Revenue budget plans are not solely for for-profit organizations. Non-profit groups need to have one, too. Their budget serves as a guide and an assessment of their current commercial status. If the organization you are in doesn’t have a proper working budget plan yet, you can introduce this template to the finance committee.
10. Revenue Budget Preparation Process
If you are new to business management and want to know more about proper budgeting, this document is excellent reference material. It provides emphasis on the importance of drafting a budget. Objectives and goals are also provided, which you can also use as you start making your own.