Budgeting Spreadsheet Templates for Large Companies

Budgeting has always been part of the business activities using modern budgeting disciplines. Formal budgets do not only limit expenditures but also predict revenue, profits, and return on investment a year ahead. This article will attempt to elaborate this topic and provide ideas for budgeting spreadsheet templates that can be used for large scale companies.

The Process of Budgeting

Large companies typically make their budget before the year ended. Budgeting is a collective process where each department prepare their plans in conformity with the goals set by top management. Each department's program shall contribute to achieving the goals of the organization. Ideally, unit managers provide their sales projection, operational costs, overhead and, capital requirements. Each department unit manifests its plans and budget for the next calendar or fiscal year subject for top management approval. The approved budget will become the road map for the succeeding year's operation. The budget will then be reviewed quarterly to track the performance of each unit. Changes to the budget may be approved upon review. And lastly, managers will be assessed by their performance against the budget.

Types of Budgets

A robust budget structure is built around a master budget that includes operational budgets, capital budgets, and cash budgets. The consolidated budgets generate a budgeted income statement, balance sheet, and cash flow statement.
 
Operational Budget

The day-to-day operations are budgeted in detail, such as revenues and operating expenses.

Capital Expenditure Budget

Capital expenditure budget typically includes the purchase of capital equipment or any property that creates a significant impact on the company's cash position. The main objective of the capital budget is to allocate funds and set priorities correctly.

Cash Budget

These ties up the operational and capital expenditure budget. The timing of receipt of cash revenues and payment has to be done appropriately. The cash budget allows management to monitor and manage cash effectively by assessing whether additional funding would be required.

Are there budgeting templates available that I could utilize?

Being on top of budgeting for large scale companies is quite a pressure; you cannot afford to have loopholes in your budgeting templates. Millions of dollars are involved in the budget of each department; thus the template has to be perfectly tailored to provide what is required. Good thing that nowadays, there are countless templates available online. However, not all of these templates are as good as what we offer. We are providing a selection of budgeting spreadsheet templates exceptionally created by industry experts for your budgeting requirement.

Conclusion: Budgeting is easy; adherence makes it difficult

They say budget limits your freedom, but no, it gives you freedom.Companies set a certain budget to be followed not to limit but to set a goal for a bigger future. True enough that is hard to keep your budget, especially if there are unexpected events that happen during the period. However, you can always adjust your budget to adhere to your limits. Utilizing your budget could mean success not only for the organization but most especially for you.