Expense budget spreadsheet is normally formulated in every business whether it is an enterprise or whether it is a small scale business. However the function is accurate as using all the information required on single medium helps in composing effective expense budgets. Usually all the required data is gathered and then a spreadsheet is created.
Format of Expense Budget Spreadsheet
- Company name
- Month and year
- Difference amount
- Difference %
- Total expenses
It is a useful and time saving practice as expense spreadsheets clearly show where the major amount of company is incurred. Fixed and variable expenses can be seen. Difference between the budget and actual amount helps in making budgets which are more realistic and therefore performance of the particular team can be monitored.