There are many ways to create a budget, but one of the easiest, most efficient, and most effective ways to keep track of income, expenses, and financial objectives is with Excel budget templates.
While budgeting is necessary, it isn’t a task many would gladly take on. Fortunately, if you use an Excel budget template, it doesn’t have to be such a headache.g templates for businesses and see for yourself!
Top 10 Free Excel Budget Templates
For your convenience, we’ve compiled a list of 10 of the best free Excel budget templates for businesses.
Whether you’re a small startup or a flourishing enterprise, these templates can make budgeting easy and maybe even fun!
Check out these ten free Excel budgeting templates for businesses and see for yourself.
1. Balance Sheet Template
A balance sheet (or statement of financial position) is a financial report that summarizes an organization’s assets, liabilities, and shareholders’ equity for a particular period of time.
This means the balance sheet creates a picture of what the organization owes and owns for a particular time frame.
Use our balance sheet template to evaluate your organization’s status and financial stance.
2. Profit and Loss Statement Template
One of the most critical aspects of operating a business is calculating profit and loss, though it’s a fairly complex task.
The good news is we’ve created a free profit and loss template that makes calculating actual and projected revenues more convenient.
3. Cash Flow Statement Template
The cash flow statement (CFS), or cash flow report, is a financial statement that summarizes the amount of cash entering and leaving an organization.
Alongside the balance sheet and income statement, the cash flow statement is a mandatory component of an organization’s financial reports. It aims to look at how cash is moving in and out of the business.
By examining this, organizations can consider how funds are moving throughout the organization and observe what impact cash flow has on the business.
Use this free cash flow statement template to examine your financials.
4. Financial Ratios Template
Financial ratios are the best indicator of a healthy business model. They provide insights and important information on a company’s performance, profitability, and financial health.
This Excel template is a complete 5-in-1 template – it has all of the formulas needed for calculating all of the five most important financial ratios:
- Liquidity Ratios: Measure working capital performance or the money available to meet your current, short-term obligations.
- Leverage Ratios: Measure how much debt your company has.
- Efficiency Ratios: Show how effectively your company uses working capital to generate sales.
- Profitability Ratios: Measures how your company generates profits using available resources over a given period.
- Market Value Ratios: Measures how valuable your company is. Plug in your company’s numbers and get a quick and accurate picture of where you stand on liquidity, debt concentration, growth, profitability, and market value.
Example of the five financial ratios template with the inputs tab and Liquidity ratio as an output. Download the template to use all five financial ratios
5. Small Business Budget Template
Since its publication in 2015, this free business budget template has been a favorite of many startups and average-scale organizations. Many first-time users commend it for its versatility and ease of use.
With just one workbook, you can create a monthly and annual budget for your company and then compare the numbers to your projections. The template also has an overview sheet that provides convenient access to your budgeting performance.
6. Business Budget Template
The Business Budget spreadsheet is a must-have for businesses in the retail and service industries.
When you download the template, you’ll find two worksheets – one for services and the other for goods.
The Services worksheet is divided into categories closely resembling an income statement. The cells are easy to modify and customize, making tracking your income and business expenses less troublesome.
The Goods worksheet, on the other hand, is specially designed for retailers and manufacturers.
It contains all the categories in the Services worksheets, plus a Cost of Goods Sold section where you can input your inventory, create a breakdown of purchases, and calculate your gross profit.
7. 12-Month Business Budget Template
A variant of the Business Budget template above, this worksheet by Vertex 42 includes a 12-month sales and business expenses section. It comes in handy when budgeting for expenses that occur annually, quarterly, or at specific intervals throughout the year.
The template also has a separate Goods worksheet to create a comprehensive breakdown for multiple product sales.
8. Detailed Financial Projections Spreadsheet
This worksheet is designed for businesses that require a more comprehensive business plan for their complex operations.
The template has almost everything you’ll need to track and record critical financial decisions – from sales and receivables to payroll costs and expense projections.
As its name suggests, this worksheet is very detailed. You can also use it to compute and compare your annual totals.
9. Professional Business Budget Template
Another budget worksheet for medium to large-scale businesses, the Professional Business Budget template, offers a separate sheet for recording business-related expenditures and another for plotting accrued expenses.
This template also features a variances tracker and charts for analyzing your company’s budget and expenses data.
10. Project Budget Template
Budgeting for a project isn’t easy, but it’s a pain when dealing with unexpected changes. The Project Budget template monitors the various aspects of a project.
Labor, materials, costing, completion stage—you name it, this template will help you easily track and align expenses.
