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This information helps you see where your business is doing well and identify areas for improvement. It gives an overview of your annual and monthly budgets. The Overview tab shows how your actual numbers compare to your budget. You’ll use this tab to track your actual expenses and revenue as they come in each month, allowing you to see how much money your business is making. The Monthly Actuals tab is for financial tracking. However, you can change this by updating the percentages in line 5. Since you already filled out the Annual Budget information, this data has been prorated and you have monthly estimates for each of your yearly totals.īy default, each month’s budget is weighted equally. The Monthly Budget tab shows your monthly expenses. Be as specific and detailed as possible because this information is used throughout the budget template. Use this tab to input your company’s yearly revenue and expenses. The Annual Budget tab examines how much money your business brings in each year. Here’s a breakdown of how to use the other four tabs. Once you do that, your business name will automatically fill in on the other pages. On the first tab, Instructions, replace the Your business’s name text with your actual business name.This template will help you track your expenses, estimate your monthly income and record what you earned and spent. If you’re unsure where to begin, download ’s free budget template. For example, service-based businesses may want a budget template emphasizing overhead costs, while large companies may need a labor budget template. Even if you choose to create your own, referring to templates or sample budgets may be helpful to keep yourself on the right track.ĭifferent types of businesses may need different budget templates. They’re handy tools that give you a place to record all your numbers in an organized way, helping you set up an easy-to-read budget you can update quickly.īudgets can be complicated, so consider downloading a template if this is your first time creating a business budget. Budget planning templates can be a huge help for business owners who don’t have time to create a business budget from scratch. What is a business budget template?Ī business budget template is a customizable worksheet business owners can use as a budget planning guide. It also shows how much money you must earn to continue making a profit and paying your expenses. While a business budget can take multiple forms, it will include how much money you have coming in and what you must spend to continue operating. However, it’s a crucial first step in any successful business plan. Creating a budget for your business may seem daunting.