Download Monthly Budget Template In Excel

What is the Monthly Budget for Project?

The monthly budget is known as the fund and overall expenditure of the project within a month. And to help out the maximal use of money, work costs, and funds necessary for the project. The project budgets have categories: resource budget (for the allocation of the internal resources); financial budget (for the payment in external services). You can do some changes in projects according to the organization’s monthly expenditure.

How to use a Monthly  Budget planner

Firstly, this spreadsheet is for explaining a budget by listing expenses and funds on monthly sources.
Secondly, you can easily delete or insert more columns and rows for projects of different lengths.

And mostly, you can calculate the total and subtotal in overall budgeting with the help of formulas.

  • This template makes it easy to define and categorize all the costs and funds related to a detailed project.
  • Added Fixed Costs columns to calculate the Budgeted amount.
  • Multiple columns and rows for fixed costs and funds.
  • Allows you to identify material and labour rates for each charge and automatically calculate it in the dollar amount.
  • Historical Information
  • Chart of account structure
  • Use it for home projects, contract work, small service projects.

For Income Expenses-

Organizations having different sources of income make use of these income expenses.

  • Internal Funding like-  Customer Billing and Invoice
  • Existing Revenue Streams
  • External Funding like- Government and Foundation Grants.

Other Expenses 

Expenses mostly include operating expenses, like rent, payment advertising, and payroll. However, is an important part of budgeting.

Direct costs are another type of spending for what you spend on or what you sell. For example, the COGS for a grocery store are the costs of buying groceries that it resells to its customers.

 

 Importance of project budgeting

  • Budgeting is important for your project is because it provides the main things for project money control.
  • Help in measuring the project’s actual cost with the approved budget, you can control if the project is progressing according to the plan or not in a corrective way.
  • If a project has got a good budget then the scope, objectives, and goals of the project will also be enhanced and clear.
  • To secure project funds and budgets
  • Well-planned project is good for managing funds and costs.
  • Project budget is an estimation of companies financial ability to work.

Need not invest in expensive budgeting software you can download and use our spreadsheet template.

Download this Monthly Budget template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Monthly Budget Excel Template

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