The template includes tabs for three-month tracking, covering the whole year.

This family budget planner template gives you tons of tools for managing family finances. Family budget templateįor families of any size, keeping track of income, bills, spending, and savings is essential. Head to the Dashboards tab to view colorful graphs and charts for incomes, expenses, and the year at a glance. You can see the entire year on a single sheet, with spots for each month.Įnter income, savings goals, household expenses, health, recreation, and miscellaneous expenses in the designated sections. To keep track of your monthly and yearly individual budget, this personal budget template has it all. Personal monthly and yearly budget template You’ll see a Month-to-Date column on the right, along with the differences between estimated and actual amounts. Then, enter income and expenses with what you’re budgeting and what the actual costs turn out to be. If you get paid weekly or biweekly and like to manage your budget the same way, then take a look at this weekly budget template.Ĭhoose the Weekly or Biweekly tab per your preference.

You also have a nice bar graph showing projected and actual income and expenses.

Each spot lets you enter projected and actual amounts. This simple budget template works just fine for individuals or couples.Īdd your income at the top, expenses below, and see totals at the bottom. Starting with something basic, you may not need a template with bells and whistles like those below. These are the best Excel budget templates to get you started. Luckily, you don’t have to start from scratch. If you want to track and manage a budget, whether for yourself, your household, or a special event, Excel is a great choice. With its robust functions and commonly used calculations, it’s also a solid money-management tool. Microsoft Excel is a full-featured spreadsheet application with plenty of features for managing data. It’s useful to have on hand as you create your business budget because it serves as your baseline. Now that we’ve discussed how to track your income, expenses, and actual costs, you can better understand your finances-and make better financial decisions for your small business-by creating an income statement.Īs we mentioned earlier, your income or profit and loss (P&L) statement shows how much profit your business has made, or how much you’ve lost. Step 4: Make better financial decisions for your small business Which brings us to our fourth and final step: Use this information to make better decisions for your small business. Your intentions might be good when it comes to what you should be spending, but if you aren’t going to adjust this in practice, you won’t find much use in a budget. Why is this step so important? Because it’s like holding a mirror up to your finances. You’ll do this to see if what you estimated reflects the actual expenses leaving your bank account. Here’s where you’ll revisit our business budget template on a monthly basis to track what you’ve actually spent on each line item you entered in step 2. To get an accurate budget, make sure to include all streams of revenue in your inventory.įields to input actual income and costs highlighted in our business budget template Depending on your business model, you might have several sources of revenue, such as a subscription service or online classes. We’ll cover that later on.įor this first step, we’re most interested in your revenue. Profit: Cash your company makes from business operations, including gross profit, operating profit, and net profit.ĭon’t have an income statement handy? No problem. Revenue: Income generated through the sale of goods and services from business operations, after deducting returns and allowances such as discounts.Įxpenses: Cost to produce goods and services sold as well as operating expenses. An income statement shows how much profit your company has made, or how much you’ve lost. To find out how much you’re bringing in, you can refer to your profit and loss (P&L) statement, also known as your income statement. Why not? Because your income determines how much you’re able to spend. You can’t create a budget without taking inventory of your income. Step 1: Take inventory of income to determine what you can spend Rather than create a budget spreadsheet yourself, use our budget template spreadsheet to jumpstart your budget plan. How to use our free small-business budget template

Budget sheets for excel