Description

Consulting Budget Template

The Consulting Budget Template features a range of useful functions that will help you stay on top of your finances. It includes a detailed breakdown of your revenue sources and a comprehensive list of all your expenses, from overhead costs to employee salaries and benefits. With easy-to-use tabs and drop-down menus, you can quickly enter all of your income and expenses, track your spending, and monitor your revenue. Designed for precision and ease, our Consulting Budget Template streamlines the management of monthly budgets.

With this template, you can set realistic financial goals and track your progress toward achieving them. Moreover, this template helps you create a detailed budget for your business. Additionally, it enables you to track your actual spending and compare it to your budgeted amounts. Consequently, it allows you to monitor your progress, identify areas where you can save money, and make informed financial decisions.

Components of Consulting Budget Template

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 of 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 the 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 actual vs. budget sheet estimated and compared the actual amount with the budgeted amounts. Variance refers to the difference between the actual financial results and the budgeted financial results. Green-filled columns show positive results, while red shows negative results.If the actual income exceeds the expenses, it is favorable. But, if the actual expenses are higher than the budget, it is unfavorable. 

Dashboard in Consulting Budget Template

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 the oak business consultants template today and start managing your finances like a pro!

Walk-Through Video of Consulting Budget Template

The following video will give you an overview of the  components of this template.