Business Budget Template in Google Docs

Have a Sound Spending Plan for Your Small Business, Startup Company, Construction Firm, or Restaurant with Template.net’s Business Budget Templates. Our Premade Samples All Have Editable Content, Outlines, and Layouts You Can Fully Edit and Customize to Your Specifications in Google Docs File. Download Our Samples for Free!

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.

Frequently Asked Questions

What is a Budget Plan in Business?

A budget plan could be for a weekly, monthly, or yearly report. It is a detailed written document that consists of the company's assets, expenses, and liability summary. Moreover, it evaluates the company's financial performance that helps the organization form a coherent plan for the future. Generally, it's a document that monitors the cash that goes in and out within the given period.

What is the Purpose of a Budget?

For businesses, a budget serves as a tracker for transparency. It shows a record of how the company should perform in the future and what needs reassessment in the current state. It helps managers follow the profitability of the organization. Thus, addressing internal issues efficiently.

What are the Expenses involve in the Calculation of Business Budget?

Organizations often include in the calculation of expenses the office rental, utility, employee memberships, employee benefits, and insurance. However, if the company considers exceeding from their budget, it is typically for outings, meetings, conferences, and assemblies.

When is the Right Time to Prepare a Business Budget?

Whether you own a well-established or startup business, it's essential to prepare the business budget three months before the scheduled report discussion. Or, you may consider three months before the end of the year. A three-month span is vital to be monitored by the proper authority.

What are the Elements Found in a Budget?

Tallying all of all elements of a budget plan suggests accuracy with the budget plan. A business budget consists of different variables. This includes the following:

1. Spending

2. Revenues

3. Debt