Supposed having the money is a heaven-sent opportunity to double the production of the organization. But somehow, it could likely be the opposite as well. Getting your charitable organization to involve with a considerable amount of cash is more than spending it with the meals, transportations, and so much more. Little did you know, considering intricate planning to distribute the budget properly is imperative as well. Now, will your amount of spendings go beyond your budget? Find it out through our Ready-Made Non-Profit Budget Templates in Word. Get your copies today in A4 and US Letter sizes. Get the process successful and avoid further errors. Build a coherent plan combined with the right budget plan. Download a template now!
How to Create a Non-Profit Budget in Microsoft Word
Throughout the decade, we can assess that the US population is expanding rapidly. More people contribute to the economic growth of the country, while others are still seeking the right assistance. And with the notion to provide the needs of these individuals, organizations build a solid foundation. Perhaps, the data released by the National Center for Charitable Statistics points out that the current number of valid and credited welfare organizations in the country is at 1.5 million. But more than providing a sustainable community, these teams struggle internally. The budgeting is a tough state for nonprofit startups and even established ones. It involves financial statements and revenues. Indeed, it demands a detailed procedure.
To help in the clarification of the fundraising plan of your organization, below are tips on how you can develop a Non-Profit Budget using Microsoft Word.
1. Finalize Your Plans
Budgeting is a crucial process as it demands more time and effort. A single mistake could lead to confusion and errors. That is why a comprehensive budget plan is imperative. Primarily, you have to jot down your priorities. But don’t get too overwhelmed. Consider a monthly project as your reference. List down the basic; supply, utility, and travel expenses. But if you need to jot down more, include the details. These are the elements where the budget allocation goes.
2. Calculate with a Budget Template
Dealing with money is a tough job to go through. And with an inch of misalignment in the statement, you are back to zero. But to minimize the credit issues, get the appropriate resource. Preparing a budget proposal in lesser time-consumed is doable with a template in hand. This helps you avoid too many line items as the layout is all ready. With a readily tabulated table, supplying the necessary becomes easy. You can download High-Quality Non-Profit Budget Templates through our website. Your choice depends on your needs.
3. Begin the Actual Calculations
Having a layout finally gets you to the most critical part. For most, to deal with Math is a painstaking task. So, avoid jumping into the annual budgeting right away. Instead, work with a monthly budget to decrease the inaccuracy. In a table, properly label each variable. Along with it are fixed costs. This is where the collection of details in the earlier step becomes useful. Don’t forget to tally the budget with the total estimated costs. If tendencies of over the budget appear, resolve the issue. Other than that, the consideration of inflation from the latter year is essential.
4. Keep It Clean and Brief
Breaking down your expenses doesn’t have to be lengthy. The secret is to always aim for accuracy, conciseness, and organization. So, create a budget worksheet that you can monitor from time to time. You are allowed to exceed up to two sheets, if necessary. Make use of the spaces to position visual representations; bar, line, and pie graphs. Make sure that every variable is labeled correctly. Lastly, place the title at the top. Secure that it relates to the content.
5. Discuss the Budget Report
Printing and publishing of budget reports have final considerations. This includes intricate reviewing and proofreading. Just before the discussion starts, allow someone to give feedback and signal. When all is set, you now have the authority to go into it as a team.
