How To Make Your Own Budget Spreadsheet – The creation of an annual budget that allows us to know if after a certain period of time, usually a year, it has reached the expected economic results. The annual budgets are made in advance, either in a business or company; Or an individual or a family. In the annual budgets we compare expenditures with income and determine whether resource utilization is adequate. Check the example of annual budget to know how to elaborate the budget of your business.
Steps to prepare an annual budget
Using a spreadsheet we will insert the main elements of an annual budget:
Within the contingencies we include fixed expenses, variables and capital.
Income: Before them you have to be realistic, since the basis of our annual budget.
Thanks to annual budgets, we can determine the growth of our business in the long term. Download the annual budget template from the button that finds a continuation.