According to, Business budgeting is one of the most powerful financial tools available to any business owner. Put simply, maintaining a good short- and long-range financial plan enables you to control your cash flow instead of having it control you.

Why do business budgeting?

Estimating and matching expenses to revenue is important because it helps business owners to determine whether they have enough money to fund operations, expand the business and generate income for themselves. Without a business budget or a plan, a business runs the risk of spending more money than it is taking in, or conversely, not spending enough money to grow the business and compete.

1.Vertex42 Business Budget Template provides Microsoft office excel business budget worksheet for you to work on. There are 3 types of business budget worksheet available:

1.Business Budget Template

This spreadsheet contains two sample business budgets designed for companies providing services or selling products.

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2. 12-Month Business Budget Worksheet

This worksheet is a variant of the above business budget, with sales and business expenses broken down by month. This is helpful for budgeting quarterly expenses and other business expenses that occur at specific times of the year.

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3. Business Budget Worksheet for Multiple Products

This worksheet is a detailed version of your business expenses and cost of selling goods if you are selling multiple products.

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2. SmartSheet Business Budget Templates for Company

Smartsheet provides a variety of business budget template in Excel that free to use. They include more than 8 types of the budget worksheet to cover any size business from startup companies to established enterprises.

1.Business Budget Template

A basic business budgeting template to track monthly income and expenses for companies of any size.

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2. 12-Month Business Budget Template

A month by month business budgeting spreadsheet. The income and expense categories are broken out, so you can closely see where funds are going and coming from.

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3.Department Budget Template

This budget template allows you to plot yearly income and expenses for a company department, and compare the percentage change year by year.

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4. Detailed Financial Projections Spreadsheet

This template is designed for a large company who has more complex businesses. You can track cost to sales and operating expense forecast. Estimate and track payroll cost, accounts payable and receivable, the cost of goods sold, lines of credit, and monthly fixed cost.

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5.First-Year Budget Calculator Template

This template is good for a startup or a new small business who is planning for the first-year budget. The calculator function can help you quickly understand the new venture and estimate your first-year business income.

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6.Professional Business Budget Template

This template is for an established business. It offers one sheet for estimated expenses such as labor costs, office expenses, marketing spending, travel fees, etc. It also tracks your expense variances and offers charts for analyzing how closely your business is aligned to its budget.

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7.Project Budget Template

This budget template is designed for a specific, detailed budget for a particular project or job. It helps you track income and expenses at the individual level.

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8. Small Business Budget Template

This budget template is best for small business owners or self-employed people who want to track and manage the business budget and finances. This is a simple budget planner to track income, expense and cash transactions.

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9. Start-up Budget Template

This budget template allows you to track estimated versus actual funding sources and amounts, determine pre-opening costs, and calculate ongoing expenses.

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3.Intuit Startup Budget Template offers the budget worksheet for startups. The budget template helps you to view an itemized list of your business’ startup costs.

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4. Capterra Small Business Budget Template

Capterra offers a straightforward budgeting worksheet template for Excel. You put the estimated budget and revenue for next year. The template will show each month income and costs estimations.

For each month, you can edit the actual income and expenses to track how you are doing.

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5.Formxls Business Budget Templates

Formxls has several types of business budget template for download and free use.

1. Basic Business Budget Template

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2. Business Budget Template

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3. Business Budget Template (Monthly)

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4. Sales Forecast Template

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6.Score Business Planning & Financial Statements Template offers a large collection of the business budget worksheet and template tools for business owners. There are 3 categories of business templates available: Finance Templates, Marketing & Sales Templates, and Management Templates.

Finance Templates

Marketing & Sales Templates

Management Templates

7.Microsoft Business Expense Budget Worksheet

Microsoft Office provides the free business budget worksheet template for use in Excel. This budget template helps you evaluate actual expenses against your annual budget plan. The template includes chart and graphs of your monthly variances.

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How to use a business budget worksheet?

1.Learn to be flexible. Especially when you first-time start working on business budgets. If, at first, your revenue doesn’t match your expenses, then adjust your expenses. In your first year of budgeting, you may have to make a lot of adjustments, but that’s OK. The second year will be much better.

2.Make conservative estimates. Always underestimate your revenue and overestimate your expenses. If you do this, and your budget estimates are a little off, you’ve already taken it into account.

3.Budget in a cash emergency fund. Try to set aside a portion of each month’s revenue and put it in some sort of savings account, like a money market fund. Even though your budget will be tight, you will be glad you did this if there is a big unexpected expending upcoming.

4.Review your budget every month. Budgets don’t help if you stick them in a drawer. Even if you fear that you’ve gone over your budget, take a deep breath and look over your budget every single month. Look at how your revenue matched up. Look at where you went over and under your planned expenses. If your revenue was lower than your expenses, try to find some ways to cut costs.

5.Pay attention to your cash flow. Cash flow problems kill many small businesses. Watch your cash flow on a monthly basis and be sure you are in positive cash flow territory. If you are not, you may have to take out a small bank loan one month. If so, be sure that in the coming months you can pay it back.

6.Show restraint but not rigidity. Your business budget should help restrain you from unnecessary spending. If something comes up, however, that is an expense and would be valuable to your business, don’t ignore it because it isn’t in your budget. Those are times you need to “bust” your budget to take advantage of valuable opportunities.