Simple Expense Budget Template

Running a small business can be a great way to feed your family and achieve true wealth. However, budgeting for a small business can be extremely difficult. There are many different expenses that a small business has and it can be difficult to keep track of all of them. The simple expense budget template allows you to keep track of all of the expenses that your business is incurring so when it comes time to budget it is easy to know what you are spending.

How to Use the Simple Expense Budget Template

The Simple Expense budget template is a convenient tool that allows you to track your expenses. The template allows you to keep track of your personnel budget and your operating budget. The personnel section allows you to classify your personnel based on what part of your business they work in. You can customize this section based on what type of business you are running. If you are running a garage then you can classify your personnel as either mechanic or office worker. Be sure to customize your personnel to meet the needs of your business. Your operating expenses include a wide array of non-personnel related items including everything from advertising to insurance.

Just like the personnel section the budget is completely customizable to suit the needs of your budget. You are allowed to set a budget for each expense in your budget and then when the time period of your budget is over you can enter your difference. The charts for both personnel and operating allow you to see the difference between your budget and your actual as both a number and a percentage. Above each chart you also get to see the differences in graphical form. This allows you to see how your budget is going at a glance. The Simple Expense budget template is a simple tool that allows you to track your expenses.

Tips for Using the Simple Expense Budget Template

• Keep track of all of your operating expenses, these expenses matter regardless of how small they are.
• When tax time comes around be sure to refer back to your expense budget so you can accurately state what you spent.
• Look for ways you can adjust your actual money spent in order to better meet your budget.

Download: Simple Expense Budget Template