Stress and frustrations, these are just among the two factors that business owners might be dealing with each day. With the bulk amount of money involve, it's not unusual to be in such a troublesome situation. With that, you need to obtain the right tool. So, do you want to know how? Feel free to explore our variety of High-Quality and Ready-Made Business Budget Templates in Google Docs. Get the convenience in evaluating what your future finances hold. With a template ready, you will get the ease in tracking the necessities, such as the expenses, debts, and savings. So, download our template today!
How to Create a Business Budget in Google Docs
For many large or small business, the process of budgeting is challenging. Perhaps, according to the analysis released by the SCORE Association, 83% of the companies face problematic situations due to the inconsistencies in the financial plan. If you are on the same page, we have listed below the steps to create a Business Budget in Google Docs.
1. Get the Resources Ready
The income sources play a vital role in the budget. With that said, begin creating a list of the sources. Include the financial statement, income, and expense. This gets the job easier as you proceed to the next step.
2. Start with a Pre-made Budget Template
Don't want to create one from scratch? Avoid the hassle and so much time consumed by downloading a Budget Template from our website. Feel free to choose and edit it using Google Docs. When done, reconstruct the tables according to your needs.
3. Label with Appropriate Column Heading
With the tables ready, ensure to put the right label in each section. Make it short yet easy to understand for all the users. Then, avoid unnecessary parts. This helps you build a piece of more coherent information.
4. Do the Math
You have to make sure that your budget sheet records the actual breakdown of the sources. With that, clarify your document by tallying the numbers listed. It's important to input real and exact numbers to avoid misconceptions. Tally those that belong in the same section. So, avoid combining all components.
5. Review and Finalize
Before printing samples, have someone review the document. In such a way, inconsistency in the addition and subtraction of data will be addressed right away.