If you are looking to manage your personal or business expense budgets, using the expense budget template is a terrific resource. With expense budget template, you will be able to organize everything in an efficient manner. Instead of having different expenses written in different reports and forms, it is better to have everything organized in one place. This makes it easier to make adjustments, see where cutbacks are necessary, and to compare differences with past quarters or years. This budget expense spreadsheet will help your company get to a point where everything is managed in a concise and efficient manner.
How to Use the Expense Budget Template
The expense budget spreadsheet is available to download for use with Microsoft Excel. Once the application has been downloaded, simply open the file on your computer and begin editing. It may be a good idea to create separate saves when you are beginning a new budget, so you have the original file intact. Begin by entering the budget for each expense you expect to encounter. There are two main expense categories: personnel and operations. Once that is done, you can begin to enter information about actual expenses. This can be done daily, monthly, or quarterly, depending on the budget you are creating. When all the budget and actual information has been entered, the spreadsheet will automatically calculate the difference and difference percentage for each section. Total expenses, as well as total difference, is calculated automatically at the bottom of the spreadsheet.
There are various subsections in the spreadsheet, such as postage, rent/mortgage, depreciation, bad debts, advertising, taxes, telephone, etc. However, these subsections can be edited as you wish, depending on what you want your budget to focus on. When adding a new section, just make sure that the formulas in the difference and difference percentage sections are added where necessary, so the spreadsheet’s calculations are accurate.
This budget expense spreadsheet is easy to download, open, edit, and use. Everything is straightforward, and the formulas work seamlessly. You can print the data, import it into Word files or PowerPoint presentation, or share it via email.
With an expense budget spreadsheet, a person can manage the cash flow and budget for their business. It does not matter if this is a small business being run by five people, or a midsized operation with hundreds of employees. Managing the budget is crucial, because it helps ensure that costs do not get out of control.
Download the Expense Budget Template from Microsoft Office: Expense Budget Template