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Budgeting is an essential part of managing any business's finances. It allows you to track income and expenses, plan for future costs, and make better financial decisions. One of the best ways to budget is by using a budget template. Google Sheets is a popular tool for creating budget templates because it is free, easy to use, and can be accessed from anywhere. In this article, we will be discussing the top free Google Sheets budget templates for businesses.

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Top Google Sheets Business Budget Templates

Google Sheets offers a variety of budget templates for businesses, but the following are some of the most popular and useful templates.

1. Financial Model Google Sheets Template

The Financial Model template allows you to create a financial model for your business. It includes a balance sheet, income statement, and cash flow statement. With this template, you can create a projection of your business's financial performance over a specific period of time.

Features:

  • Includes a balance sheet, income statement, and cash flow statement
  • Allows for projection of business's financial performance over a specific period of time
  • Includes input fields for revenue, expenses, and assets
  • Automatic calculations for profit and loss and cash flow
  • Includes graphs for a visual representation of financial performance

Benefits:

  • Helps to create a clear and comprehensive financial projection for the business
  • Allows for identification of potential financial risks and opportunities
  • Helps to make informed financial decisions
  • Can be used for financial forecasting and budgeting
  • Can help obtain funding from investors or lenders

Use Cases:

  • Business planning and forecasting
  • Financial modeling and analysis
  • Budgeting and cash flow management
  • Obtaining funding from investors or lenders

Examples:

  • A startup using the template to create a financial model for the next three years to present to potential investors
  • A small business using the template to forecast its financial performance for the next quarter and identify potential risks and opportunities

Start Using the Financial Model Google Sheets Template for Free.

2. Expense Tracker Google Sheets Template

The Expense Tracking template, or the Expense Tracker, is great for tracking all of your business's costs. It includes categories for different types of expenses and allows you to input the amount spent, date, and vendor. This template can help you identify areas where you can cut costs and make better financial decisions.

Features:

  • Includes categories for different types of expenses
  • Allows for input of amount spent, date, and vendor
  • Automatic calculations for total expenses
  • Includes a table for tracking expenses over time
  • Includes options for filtering and sorting expenses

Benefits:

  • Helps to track all expenses in one place
  • Allows for identification of areas where costs can be cut
  • Helps to make informed financial decisions
  • Can be used for budgeting and cash flow management

Use Cases:

  • Expense tracking and management
  • Budgeting and cash flow management
  • Identifying areas for cost-saving

Examples:

  • A small business using the template to track expenses for the last quarter and identify areas for cost-saving
  • A startup using the template to track costs for the current month and make adjustments to their budget accordingly

Start Using the Expense Tracking Google Sheets Template for Free.

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3. Discounted Cash Flow (DCF) Analysis Google Sheets Template

The Discounted Cash Flow Analysis template allows you to perform a DCF analysis on a potential investment. It includes a table for entering projected cash flows, a discount rate, and a calculation for the investment's net present value.

Features:

  • Includes a table for entering projected cash flows
  • Contains a field for the discount rate
  • Automatic calculations for net present value (NPV)
  • Includes a graph for a visual representation of the NPV

Benefits:

  • Helps to determine the potential profitability of an investment
  • Allows for comparison of different investment opportunities
  • Helps to make informed investment decisions

Use Cases:

  • Investment analysis and decision making
  • Financial modeling and forecasting

Examples:

  • An investor using the template to perform a DCF analysis on a potential real estate investment
  • A startup using the template to perform a DCF analysis on a possible new project

Start Using the Discounted Cash Flow (DCF) Model Template for Free.

4. CLV vs. CAC Analysis Google Sheets Template

The CLV vs. CAC Analysis template allows you to compare the customer lifetime value (CLV) and customer acquisition cost (CAC) of your business. This can help you determine the efficiency of your marketing efforts and identify areas for improvement.

Features:

  • Includes fields for inputting customer lifetime value (CLV) and customer acquisition cost (CAC)
  • Automatic calculations for CLV to CAC ratio
  • Includes a graph for a visual representation of the ratio

Benefits:

  • Helps to determine the efficiency of marketing efforts
  • Allows for identification of areas for improvement
  • Helps to make informed marketing and financial decisions

Use Cases:

  • Marketing analysis and decision making
  • Identifying areas for improving customer acquisition and retention

Examples:

  • A marketing team using the template to analyze their customer acquisition and retention efforts for the last quarter and identify areas for improvement
  • An e-commerce business using the template to compare the CLV of different customer segments and adjust their marketing strategies accordingly

Start Using the CLV to CAC Ratio Analysis Google Sheets Template for Free.

5. Loan Amortization Calculator Google Sheets Template

The Loan Amortization template helps you calculate the monthly payments and interest on a loan. It includes a table for entering the loan amount, interest rate, and term.

Features:

  • Includes fields for inputting loan amount, interest rate, and term
  • Automatic calculations for monthly payments and total interest
  • Includes a table for tracking payments over time

Benefits:

  • Helps to determine the affordability of a loan
  • Allows for comparison of different loan options
  • Helps to make informed financial decisions

Use Cases:

  • Loan analysis and decision making
  • Budgeting and cash flow management
  • Tracking loan payments

Examples:

  • A small business using the template to compare different loan options for financing a new project.
  • An individual using the template to track their mortgage payments over time.

Start Using the Loan Amortization Schedule Google Sheets Template for Free.

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6. ROI Calculator Google Sheets Template

The Return on Investment (ROI) template allows you to calculate the ROI for a potential project or investment. It includes a table for entering the initial investment, projected cash flows, and a calculation for the ROI.

Features:

  • Includes fields for inputting initial investment and projected cash flows
  • Automatic calculation for return on investment (ROI)
  • Includes a graph for a visual representation of the ROI

Benefits:

  • Helps to determine the potential profitability of a project or investment
  • Allows for comparison of different investment opportunities
  • Helps to make informed investment decisions

Use Cases:

  • Investment analysis and decision making
  • Financial modeling and forecasting
  • Project management

Examples:

  • An investor using the template to calculate the ROI for a potential stock investment.
  • A startup using the template to calculate the ROI for a new project and make decisions about the allocation of resources.

Start Using the ROI Calculator Google Sheets Template for Free.

Each template has its own unique features and benefits that can help you streamline your business budgeting process.

How to Use the Google Sheets Budget Templates?

Using these templates is easy. All you need to do is:

  • Download the free templates.
  • Open the template in Google Sheets.
  • Customize the template by adding your own data and information.
  • Use the template to track your income and expenses, plan for future costs, or make better financial decisions.

Here are a few tips to make the most out of the templates:

  • Use the templates regularly to keep track of your finances.
  • Use the advanced features of the templates, such as conditional formatting, data validation, and charts, to improve your budgeting process.
  • Keep the templates updated with the latest information.

Advanced Features of Google Sheets Budget Templates

Google Sheets offers a variety of advanced features that can help you improve your budgeting process. Some of these features include:

  • Conditional formatting: This feature allows you to format cells based on certain conditions. This can be useful for highlighting cells that meet specific criteria, such as expenses that are over budget.
  • Data validation: This feature allows you to set rules for data entry in a cell. This can be useful for preventing errors and ensuring that the data entered is accurate.
  • Charts: Google Sheets offers a variety of chart types, such as bar charts, line charts, and pie charts. These charts can be used to visualize your data and make it easier to understand.

By using these advanced features, you can make your budgeting process more efficient and effective.

How to Automate Your Google Sheets Budgeting Processes?

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Using Layer, you can:

  • Share & Collaborate: Automate your data collection and validation through user controls.
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  • Integrate & Sync: Connect to your tech stack and sync all your data in one place.
  • Visualize & Report: Generate and share reports with real-time data and actionable decisions.

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Conclusion

Using a budget template in Google Sheets can simplify your business budgeting process. They can help you track income and expenses, plan for future costs, and make better financial decisions. By using these templates, you can improve your budgeting process and make more informed financial decisions.

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Hady ElHady
Hady is Content Lead at Layer.

Hady has a passion for tech, marketing, and spreadsheets. Besides his Computer Science degree, he has vast experience in developing, launching, and scaling content marketing processes at SaaS startups.

Originally published Jan 21 2023