Effectively managing month-to-month operational expenses is vital for your organization’s sustainable growth and success. Use this operating budget Excel template as a financial blueprint in outlining your organization’s projected income, expenses, and resource allocation over a fiscal year. Get your free operating budget template.
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An operating budget is a detailed projection of what a company expects its revenue and expenses will be over a period of time. Companies usually formulate an operating budget near the end of the year to show expected activity during the following year.
An operating budget is used to plan and manage an organization's operational expenses and revenue for a specific period, typically for a fiscal year. An operating budget template can be beneficial for a wide range of individuals and organizations, including: business owners, nonprofit organizations, small and medium-sized enterprises (SMEs), educational institutions, and more.
Using an operating budget template is crucial for nonprofits to ensure that resources are utilized efficiently, mission-driven goals are achieved, and the organization operates with transparency and accountability. With the help of our operating budget template, nonprofits can build a solid foundation for financial sustainability and make a more significant impact on the causes they serve.
Maintaining a healthy business requires careful financial planning and budgeting. Companies use a master budget to manage their cash and other assets, and to estimate their future sales and expenses. Master budgets are made up of two parts that work together: financial budgets and operating budgets.
Operating budgets, which are detailed plans that estimate how much income a company expects to make and what it thinks its expenses will be in the short-term, typically within a year. Companies normally use separate operating budgets to create plans for each area of their business.
Here’s how to create an operating budget in Excel:
Step 1: Download operating budget template.
Step 2: Enter revenue accounts.
Step 3: Enter fixed expense accounts.
Step 4: Enter variable expense accounts.
Step 5: Enter non-cash expense accounts.
Step 6: Enter monthly budgeted amount for all accounts.
The operating budget template should automatically calculate the sum of all accounts, as well as, net income, and variance of budget vs. actual. You can find more detailed instructions on how to use our operating budget template upon download.
The purpose of an operating budget is to serve as a detailed financial plan that outlines an organization's expected revenue and expenses for a specific period, typically a fiscal year.
An operating budget typically include the following information:
Yes, download our operating budget Excel template. Then in Google Sheets, follow these steps:
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