For a business, the importance of a business budget can not be ignored. A business budget template is a document that includes the estimates and forecasts of the financial and operational goals of an entity. It is a formal document that contains the action plans related to allocation of resources, evaluation of performance and formulation of plans. A business budget template is a very important document and it must be prepared with due care and in a professional manner. You can download 30+ free business budget templates at this page.
A budget can be made on a weekly, monthly, quarterly, half yearly or yearly basis. It solely depends upon the choice of the entity that for what period they require the budget to be prepared. A business budget is also essential in order to be presented to the different stakeholders of the business e.g, bankers or other financiers etc. Make sure to check out the given below useful and editable business budget templates for better understanding.
Handy Business Budget Templates
Basic Business Budget Template
Detailed Business Budget Template
Comparative Business Budget
Mid Year Business Budget Template
Trendy Business Budget Template
Special Business Budget Template
Formal Business Budget Template
Initial Business Budget Template
Handy Business Budget Template
Monthly Business Budget Template
Extensive Business Budget Template
Unique Business Budget Template
Routine Business Budget
Blank Business Budget Template
Brief Business Budget Template
Simple Business Budget Template
Proper Business Budget Template
Entity’s Business Budget Template
Adjusted Business Budget Template
Tips for creating a Business Budget Template
As mentioned earlier, you can download the given business budget templates and customize them according to your requirements. However, if you opt to create a business budget template yourself, consider the following useful tips:
- If you are not preparing the budget for first time i.e, you already have an established business, make sure to gather all the relevant historical data of your business.
- If you are preparing the budget for the first time, search and use the financial information of some other similar businesses as your guideline.
- You should have the idea of your estimated sales and profits that you desire to make. Of course it will be based on the historical data and many other factors such as rate of inflation,rate of growth, market rate of interest etc.
- Perform a proper and detailed calculation of all the fixed and variable costs of the operations of the business.
- After that, calculate the profit and make sure that the profit margin is same as was projected or expected.
- Even after finalizing the budget, it is always recommended to review and make changes and necessary adjustments in your budget. Especially in case where the actual expenses or revenues are not consistent with the estimated or budgeted expenses or revenues.
More Business Budget Templates
Useful Business Budget Template
Company’s Business Budget
Monthly Business Budget Template
Typical Business Budget Template
One Year’s Business Budget Template
Pro Forma Business Budget Template
Blank Monthly Business Budget Template
Simple Relative Business Budget Template
Colorful Monthly Business Budget Template
Professional Business Budget Template
Small Business Budget Template
New Business Budget Template
12 Month Business Budget Template
Month Wise Business Budget
Complete Business Budget Template
Special Business Budget Template
Comparative Business Budget Template
Simple Business Budget Sheet Template
Uses of Business Budget Templates
Some of the many uses of business budget templates are given below:
- Controlled income and expenditure.
- Motivation of workforce.
- Assignment of responsibilities.
- Allocation of resources.
- Numerical and practical setting of priorities and targets.
- Practical provision of direction and co-ordination in order to achieve business targets.
- Improvement in efficiency of operations.
- Proper monitoring of performance.
- Properly provides plan of action.
- Timely indication of irregularities, if any.
