Budget planning template professional#

Budget planning template professional#

You need to use a professional solution based on a multi-dimensional database. One final note: if you need anything more advanced, then you can’t do it well in Excel. Budgeting and Business Planning are integrated in one single template.The time axis includes months, quarters and years.On the other hand, we have retained the following key elements: We have excluded geography, as it adds complexity in the Budgeting tool that Excel is not good at.

Including them makes a Budgeting tool in Excel extremely cumbersome, even with few Cost Centres (10-20) and few accounts (100). We have excluded Cost Centres and Chart of Accounts.The template below is the result of a number of trade-offs, in particular: Whether for Simple Project Designs, Family Budgeting, Personal Allowances, or Business Income, You Can Rely on Our Templates. So you have to make multiple compromises, to keep your Excel Budgeting tool manageable. If You Are Searching for a Budget Template That You Can Easily Customize for Free, Look No Further Offers Printable Daily, Weekly, Monthly Budget Templates in Excel Spreadsheet. Unfortunately, Excel is neither a database, nor a multidimensional database. Maybe multiple users of the budgeting system, with various roles (administrator, contributors etc)?.You want to integrated the Budgeting with your ERP, right? With automatic data import as well, right? Chart of Account: anything between 1 accounts.You want to budget by cost centre, right? Cost Centres: anything between 30 and 200.Mobile, Fixed, Broadcasting, Mobile Money etc)? Ideally, you want to capture the following: Each template can remain totally focused on the problem as stake, and doesn’t have to make compromise.Īnother big issue is that Budgeting is inherently a multidimensional problem. Standalone Excel templates, for Budgeting on one hand, and Business Planning on the other hand, are always going to be better.As the saying goes: “It is more important to be approximately right rather than precisely wrong” Budgeting and Business Planning have conflicting objectives: in a Budgeting tool, you want to capture the near future with a lot of details in a Business Planning tool, capturing the the medium (3-5 years) and long term (7-10 years) view correctly is more important than being precise in the short term.Unfortunately, there is no perfect world, and what you gain on one side, you tend to lose on the other side: So rather than using 2 separate tools, having a combined tool covering both Budgeting and Business Planning can solve a lot of headache. The Budgeting tool needs to integrate with the Business Plan tool.The short-term Budget needs to be consistent with the long-term Plan.The Budgeting manager is often responsible for Business Planning as well.And that makes sense for a number of reasons: In many case, and in the ideal world, you would like to have an Excel template that covers both Budgeting (the short-term view) and Business Planning (the mid-to-long-term view).