Excel Budget Example

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Let’s face it, many small businesses don’t have the luxury of spending a large amount of time working on their Excel budget. However, all too often they become so bogged down with information that they neglect to take the time to put in the necessary effort required to get started. With a relatively simple budgeting technique, anyone can get the ball rolling.

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The steps in this budget management tutorial will show you how to get organized and the strategies used to make the most out of your current information. While you can get a full description of the steps used in the Excel templates, I’ll provide you with a quick overview of how this works.

When you first begin, you need to think about the basic elements of your business. This means including things like expenses and income. The goal is to help you better understand the work you have ahead of you.

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Take time to browse through the information available in the “budget category” available within Excel. This gives you an idea of what your expenses are and what your income is. This will be a good way to get a better picture of where your money is going. The best use of this information will be to sort out your budget.

Once you’ve sorted through the information and identified your expenses, the next step is to arrange your income. The quickest way to do this is to place your income as the column closest to the top. Also, note the column for the “Expenses” which should go on the left. Place the information for each part of your business here, along with any information that you feel will be beneficial to your review.

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Once you’ve placed these items into the appropriate categories, you’ll want to have a look at your budget. There are two ways to go about this. You can copy the entire budget, or you can just add a few more columns. The first option is simple, but you may find it necessary to convert your data manually, to make sure that the order is correct.

Once you’ve got your budget arranged, it’s time to review the information contained in it. There are many ways to do this. Using a spreadsheet of some sort can be a good start. Doing a search in Google for “budget tool”, will lead you to many alternatives.

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To make sure that you’re getting the final results that you want, you may also want to use a program that will allow you to view your budget as a graphic. Having something like this on hand will make it easier to track how much your expenses are growing each month. This can be the easiest way to review your budget without having to take a longer look at your spreadsheets.