Failing to manage budgets effectively tin lead to wasted time and resources, and it can fifty-fifty cause you to lose money in the long run. Luckily, using a budget template tin can help y'all rails, monitor, and control your spending. You lot just have to know when and how to utilise it to make the most of it.

Whether you lot're using a budget template on Google Sheets or customizing an existing template on a work management platform, knowing how to use a budget template effectively can make all the difference.

In this article, we'll take you through the ins and outs of using a budget template and share some custom budget templates we created for Google Sheets.

Become the template

What is a upkeep template for Google Sheets?

A budget template provides you with a articulate movie of your financial situation. It outlines all your upkeep details, showing your current rest, how much money is coming into the business organization, and how you're spending it. While y'all tin can create your own upkeep planner, using a template like one for Google Sheets can help save you time and ensure you're including all of the necessary information.

Typically speaking, a budget template includes the following information:

  • Any variable or stock-still costs — from rent to SaaS subscriptions to company credit cards
  • Your greenbacks flow
  • Your revenue
  • Your turn a profit
  • Any ane-off costs
  • Your losses

Tracking financial information lets you lot brand informed decisions almost budgeting and spending. You know how much money you accept in your bank business relationship, how much coin is coming in, and where it needs to exist spent.

Over time, you'll be able to track trends in your finances and forecast future spending.

Why employ a budget template for Google Sheets?

Allow'due south take a look at some of the key benefits of using a budget template for Google Sheets:

  • Visualize your entire upkeep in one place: No demand to pic back and along betwixt different platforms. All your spending, ongoing costs, and allotted budget are saved in the same location.
  • Rails spending efficiently: Keep on elevation of your spending and make sure everything is in check. If you use a digital platform similar Google Sheets, y'all can access this information from anywhere at whatsoever time. If things don't expect correct, y'all can quickly put preventative measures in place.
  • Highlight important data: Using an online budget template allows you to highlight the most important information. This is especially of import if people other than you volition also be accessing the upkeep.
  • Share budget updates with primal stakeholders: If you accept external stakeholders that need to see your budgets, a digital upkeep is a smashing fashion to share that information. And if you lot utilize a collaborative platform similar monday.com, you tin can share your budget with external users, and control their level of access. For case, you can limit them to viewing and commenting but. They tin provide feedback directly on monday.com, allowing you to interact with them quickly and efficiently, with no risk of editing the data.

Become the template

What are some examples of budget templates for Google Sheets?

Budgets come in different shapes and sizes depending on the employ instance — and then allow'southward explore some examples of budget templates to give you lot an idea of how yous can use them.

Default Google Sheets upkeep templates

Google Sheets has a few simple template options for budgeting, such equally an almanac budget template, a monthly upkeep template, and an expense report. But none of the default options are keen for business use.

Why? Because they're generally designed for personal use, if you create a upkeep template for business apply, you'll need something with a little more item. To make your life easier, we've created a couple of free templates for Google Sheets that are more usable for businesses similar yours.

Annual budget template

With an annual business budget template, you'll get a elevation-level overview of all your spending throughout the yr. You'll meet your annual budget figures in one location, including expenses, income, revenue, and profit.

It includes a color-coded breakdown of expenses based on categories like marketing, role hire, payroll, and more.

Example of an annual budget template

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Considering of the corporeality of data information technology contains, it's nifty for getting an overview of the bigger picture. But if you want something easier to assimilate, consider a monthly budget template.

Monthly budget template

For personal finance, the monthly budget Google Sheet template isn't a bad option. It outlines all your monthly expenses, your monthly income, your money savings, and your get-go/end balance.

Example of a Google Sheets monthly budget template

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But if y'all want something you can utilize for business concern purposes, you might demand a template with a bit more than detail. That's where we can help.

A good monthly budget template allows you to runway your monthly spending beyond the concern. Yous tin see all your approachable costs and incoming acquirement, categorize and color-code to track expenses, and brand certain that you're non overspending.

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Upkeep tracking template

A budget tracking template helps y'all get better command of your finances. It shows you how much you lot're spending in relation to your budget, making information technology easier to keep your spending in check.

Image of monday.com's budget tracking template

Depending on the template you use, you can break your budgets down into different departments. For instance, you can rails all operational expenses confronting your operations budget.

This gives you lot a deeper insight into where your spending is going and how you tin can all-time classify your resources across the business.

Marketing budget template

Rail your marketing costs and budget allocation with a marketing budget template. With this template, you can align your marketing efforts with quarterly and yearly spending goals.

Image of monday.com's high-level marketing budget template

And if y'all utilize monday.com'southward marketing budget template, you can integrate with ad platforms similar Facebook Ads to track your spending in real time and instantly see if yous're over or nether budget. As a upshot, y'all tin make fast and informed decisions about your marketing efforts to maximize resources and reduce overspending.

Income and expense template

Keep upwards to date on payments coming in and going out of your business with an income and expense template. With this template, yous tin meliorate manage your greenbacks flow and be proactive with your finances.

monday.com's upkeep template for Google Sheets

When it comes to managing your budget with monday.com, you're in skilful hands. Our platform is able to integrate with Google Sheets through Zapier or our low-code software, and so yous tin can use a upkeep template right on monday.com.

On acme of that, there are many benefits that come with using our customizable template.

Our intuitive budget template lets you track expenses, highlight important information, and analyze your spending habits.

You can also easily customize the template to suit your business's unique needs. Add custom columns and labels, create custom automations, assign payments to a specific budget category, and even integrate with external platforms to track costs in existent-time.

Equally a Work Bone, monday.com helps teams manage their entire workflow — not only budgets. Optimize non but your company's spending, simply also your processes and habits — start collaborating with your team as efficiently as possible, and maximize your company's productivity.

Let's accept a look at the benefits of using monday.com'south upkeep template in more detail:

  • Uncomplicated to utilise: You don't need whatsoever accounting feel to manage your upkeep with mon.com. Our intuitive and user-friendly interface makes information technology easy for teams to get stuck in straight away. All you have to do is select our ready-made template, input your financial information, and start managing your budget.
  • View key financial information: Create custom dashboards to view all your key financial information in one location. Add widgets, graphs, tables, and whatever else you need to visualize your planned and actual spending.
  • Receive notifications: Custom-made automations make it like shooting fish in a barrel to set up alerts to let you know when payment is due, overdue, or if you're overspending.
  • Track spending in real-time: Whether y'all're working from habitation, on the road, or in the part, access your spending operation in real time and from any location.

Get the template

Tips & tricks for successfully executing the budgeting procedure

Effectively managing budgets is easier said than done. To proactively manage your budget and keep track of your spending, take a look at these best practices.

Prioritize your spending

Existence able to prioritize where to allocate your budget and resources makes certain that your projection runs as smoothly and efficiently as possible. To finer prioritize your spending, brand a list of outgoing cash menses. Highlight the essential payments and figure out the total amount. One time you've got a handle on the essential payments and how much they'll cost, y'all tin can prioritize these costs.

They're not-negotiable, so take these payments into business relationship before spending in other areas. If you lot use monday.com's template, you'll be able to flag these payments in the template, so they're easy to spot.

Automate parts of the procedure

Automation can help you streamline the entire upkeep direction procedure. For example, you can:

  • Set due-date reminders: With automation, you lot can create reminders to prompt y'all before payments are due.
  • Create dependencies: Automatically assign tasks and deadlines with automatic dependencies.
  • Streamline recurring or mundane tasks: Automations reduce the necessity to complete repetitive, administrative tasks.

Example of monday.com's pre-made automation

Ultimately, all of these automations salvage you valuable time. Overall, you'll spend less time checking due dates and making payments and more than time managing your budget proactively.

Utilise a work direction platform for real-time access to your expenses

Get existent-fourth dimension admission to your budget spending with a work management platform similar monday.com.

FAQs most budget templates for Google Sheets

Hither, we'll respond some commonly-asked questions nearly budget templates for Google Sheets to put your queries to residual.

What is a budget plan?

A budget plan — sometimes called a spending programme — outlines how your budget volition be spent. It helps yous figure out if you have the budget to do what needs to exist washed, and how your budget should be spent to achieve your goals.

It'll also show you if you don't have the funds you demand to complete sure tasks. Every bit a result, you tin can reassess your spending before you become to the stage where you've overspent.

Is at that place a budget template in Google Sheets?

Yep, in that location is an annual upkeep template designed for personal use. There's also a single-month budget template and an expense report template included by default. To create a comprehensive budget for your business, you lot tin employ our custom templates instead.

The templates can be tweaked, just they're non equally interactive and user-friendly equally templates in monday.com'southward piece of work management platform.

How exercise I make a budget spreadsheet?

How to make a budget spreadsheet varies from business to business, so there's no set formula. However, well-nigh budget spreadsheets include the following information:

  • Revenue
  • Expenses
  • Profit
  • Loss
  • All outgoing costs — including rent, bills, salary, memberships

If you want to utilize Google Sheets, you tin choose i of the prepare-fabricated templates. If y'all'd prefer to apply an interactive upkeep template, accept a expect at mon.com.