Consulting Budget

Description
The Consulting Budget Template offers a variety of useful features that enable you to effectively manage your finances. It provides a comprehensive set of tools for organizing your income and expenses, covering everything from revenue sources to various costs like overhead and employee compensation. The user-friendly interface, featuring tabs and drop-down menus, facilitates easy input of financial data, allowing you to monitor your spending and track your revenue.
By utilizing this template, you can establish attainable financial targets and monitor your advancement toward meeting them. It assists you in creating a detailed budget for your business, accurately tracking your actual expenditures, and comparing them against your budgeted amounts. Through this process, you can assess your progress, identify potential areas for cost savings, and make well-informed financial decisions.
The Template contains the following sheets.
Annual Budget
You can enter the income and expenses heads and their annual budget in the sheet.
Expenses Assumptions
In the sheet, you can enter the date the expense you incurred; the expenses head through the drop-down menu and the expense amount on that date. The drop-down is linked with the annual budget sheet, therefore, expenses you will enter in the annual budget, the expenses will show in the drop-down.
Income Assumptions
In the sheet, you can enter the date the Income you generated, the income head through drop-down menu and the income amount.
Monthly Report
The monthly report shows the actual monthly income, expenses, net profit, and loss. The monthly report is then summarized at the year-end to give a yearly amount of the income and expenses and at last the net profit/ loss.
 Single month report

The single-month report sheet estimates the actual income expenses and the profit and loss for one particular month; you can change the month input and see any particular month figures, a graph of income breakdown is also incorporated to present the data visually.
Actual Vs. Budget
The real versus planned document evaluated and contrasted the actual figures with the budgeted figures. Variance represents the distinction between the actual financial outcomes and the projected financial outcomes. Positive results are displayed in green-filled columns, while negative results are shown in red. When the actual income surpasses the expenses, it is considered favorable. Conversely, if the actual expenses surpass the budgeted amount, it is deemed unfavorable.

Dashboard

The dashboard is a graphical representation of the data.
Whether you’re a start-up or an established consulting firm, this template can help you take control of your finances and maximize your profitability. So why wait? Download oak business consultants template today and start managing your finances like a pro!