| Free Excel training videos
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Budget in Excel
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How can I create a budget in Excel? Why do I need
a budget?
Every company big or small needs to work on budgets. You need to know
exactly how much money the company has, how much money is coming in
over a certain period and how much money is going out in the same
period. You cannot just say we need 5 engineers. You have to specify
exactly how much money you can spend on them and how much they need to
perform to give the comoany an adequate return. |
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| Fundamentally a budget helps to define and refine financial
goals and helps to use funds efficiently.The budget also helps in
decision making and future financial planning. Companies with different
departments define them sometimes as cost centers or profit centers and
each department can have its own budget. In fact, each individual in a
company can be assigned a budget. Budgeting can be very useful for an
individual also. If an individual wishes to maximize the power of her
money, the first step is to create a budget. Doing this in Excel is
quick and easy as you saw in the training video. |
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| Pro
forma business budget template |
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| Budget
in Excel |