3 Important Startup Budgets - Spreadsheet Templates
Originally published: 09/02/2018 15:28
Last version published: 09/02/2018 15:48
Publication number: ELQ-32577-3
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3 Important Startup Budgets - Spreadsheet Templates

If you can manage to make 3 different kinds of budget for your new company, you have come very far.

In this package you find the following budgets:

1) Establishing Budget
In order to estimate how much money you need before the start-up of the business, you must work out an establishing budget.

The establishing budget provides an overview of necessary expenses incurred right up until the business start point. It is not until after the start point that you will be able to gain an income.

2) Operating Budget
The operating budget provides an overview of the costs of running your business. The operating budget gives you an overview of the company’s day-to-day expenses. It also gives you a chance to calculate an estimated turnover.

When all the expenses for a year are added together and subtracted from the income, you will get the profit and loss statement. The profit in the company is your salary. Profit is what you can take out of the company for personal use.

3) Cash Flow Budget
In order to figure out your need of cash at the end of each month you have to work out a cash flow budget.

A cash flow budget is a chronological overview of expected income and expenses over a given period of time – often a month.

As a bonus you get the Calculate turnover tool. It can help you estimate how big an income you are able to generate.

This Best Practice includes
4 spreadsheets

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Further information

To be able to generate your first budget for your new company.

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