12 Month Budget Template
12 Month Budget is a Must
In determining your company’s budget, there are many aspects to be calculated. In order to get the correct formula, you must be able to track down every component of a budget for a period of time. Therefore, your best solution will be a 12 month budget.
Whether it is marketing budget, payroll budget, or even operations budget can be monitored for the whole year. By doing so now you will have a big picture on where all your money spent for the whole financial year and how much money you earn in 12 months.
There are basic elements of a budget:
- Income or earnings
- Fixed expenses
- Variable expenses
- Emergency or unplanned expenses
How to create a 12 month budget is very simple. First is to sum up all your projected earnings and expenses in a month. Afterwards, multiply that number by 12. There you go; you have a 12 month budget.
Sample of 12 Month Budget :
After it’s done, you need to review and evaluate your budget. With the budget being projected for the whole year, now you can assess which month is likely to have the highest income and expenses. Afterwards, you can create your strategy to overcome the obstacles on a selected month by considering the income and expenses.
12 Month Budget Template | excel – download