Annual Budget Template
Business and Personal Purpose of Annual Budget Template
Understanding more about financial management is today’s trend which most people usually do. By doing this, you can survive in this modern era and information technology. Moreover, it is important to know the basic knowledge of financial management especially in budgeting, so that you can assist your finance and able to avoid or pay off the debt you have. Even though there are some types of budgeting, one of the crucial ones is using the annual budget template. Using this template will draw one thing that is placed in urgent concern. This kind of budget can be used for business purposes and personal use too. Let’s see how it works for both business and personal use.
The first is an annual budget template for business which is a must. It is used to prepare the future if something bad happens or the business is not running as expected before. This will help you to focus more on the goal. You can also use the budget for various purposes like sales, payroll, and operating budget. In the template, you need to include the name of the company as the heading followed by the other information detail like address and contact number. Then, you can put the revenue where it is usually made up from some sections such as interest income, dividend, and other income. After that, put the expense by including all elements related to business expense. Further, calculate the net income margin and adjust the budget.
The second is for personal purposes. The annual budget template comes with a simple appearance that helps the person who used it. They will be able to see the end balance. If there is more than one person who earns money, you can also include it in the income categories. Different from the business purpose, the personal one contains more sections other than income as like household, transportation, utilities, leisure, children, and medical. There is no standard format for what to be included, but some of mentioned above are common considerations you can put.
Example Of Annual Budget :
For the easiest way to get a suitable budget, you can search it on the internet where it is available in some document options: Google Docs, Google Sheet, Ms. Excel, Ms word, Apple Page, Apple Number, and Portable Document File (PDF). You can also download this type of template by clicking on the free download link provided at the bottom of this page.
Annual Budget Template | Excel Download