How to create a business budget template.

Learn how to make a small business budget and stay on top of your income and expenses.

Money makes or breaks businesses. A well-planned business budget can help you make the right financial decisions and demonstrate your business’ viability. Here are helpful tips on how to budget for a small business.

Add up your revenue.

Start by figuring out all your income sources. Go through your statements and add up all funds coming into your business. Remember to calculate the revenue (all incoming money) and not profit (money left after expenses).

List your fixed costs.

Make a list of all your predictable expenses. They could include rent, business supplies, payroll, debt, insurance, and taxes, among other things. Every business is different, so make sure to evaluate your costs carefully.

Calculate inconsistent expenses.

Take the next step by going through your variable expenses. This is a much larger category and could include travel costs, usage-based utilities, and product shipping. With time, you’ll get a better idea of how much your variable expenses fluctuate from month to month, which in turn helps you budget more wisely.

Set money aside for surprises.

It’s important to save funds for emergencies, like sudden equipment failures. Predict how much such situations could cost and add them to your budget. It’s much better to be prepared than to scramble for funds when a disaster strikes.

Bring it all together.

Now that you have the numbers in place, it’s time to compile your business budget. Subtract your expenses from your income to get your net income. If this number is negative, you’ll need to make budget cuts.

When you run a business, it’s smart to convert your spreadsheets into a business budget PDF. They’re easier to share with partners since you can view them on any device. With Adobe Acrobat, you can convert practically any file, share PDFs with multiple recipients, fill and sign forms and contracts, and much more.

Find out more ways to work with PDFs online. Discover everything Acrobat can do to help advance your business.