Download best business proposal and budgeting excel template for free with narrative section. This template is useful for accountants, budgeting team and business leaders to curate a perfect budget for their upcoming year or period. This template also helps in streamlining the expenditure and create a variance analysis report, if need be.
About budgeting and business proposal excel template
Once you download this budget and business proposal excel template, you will find three worksheets, namely,
- Budget Proposal
- Budget Narrative
This worksheet is useful to provide the financial figures in any currency (you can change the currency of the cells). This comes with pre-fed dummy fields on various budget heads like, salary, benefits, equipment procurement, services and administration expenditure budget heads. Simply, plot the figures of your budget for the coming year or any period.
This is add on feature of this template for budgeting. By budgeting narrative, we mean the reason and logical analysis that management and senior business leaders require before approving any annual operating plan (AOP). You can simply Use this sheet to provide clarification on the budget figures provided in the “Budget Proposal” sheet.
Budget justification is a fiscal narrative of your budget. Most sponsors require a budget narrative, or justification explaining the calculations involved in coming up with the cost estimates. Let us consider some Frequently asked questions around budget narrative to understand it more –
What is the meaning of Budget Narrative ?
A budget narrative explains or justifies the estimated costs by line item or category in the budget. Proper. budget narratives should explain how the costs associated with each line item or category relate to the. implementation of the project as outlined in the proposal being submitted.
How to write budget narrative more efficiently ?
Generally, a budget narrative should outline all of the estimated costs for a project and should provide rationale for the allocation of those costs. The narrative should include a well-written justification that will also help establish credibility and increase the chance of a successful grant application.
Is there any difference between budget narrative and budget Justification ?
No. The budget narrative, sometimes called the budget justification, is a companion to the budget (table, spreadsheet, or forms)
Instructions to use this budgeting business excel template
In the last worksheet, you will simply find the instruction to be considered while using this template for your business, client or personal reasons.
General Instructions include the following pointers,
- In order to ensure consistency and proper fiscal reporting standards, each grantee is required to use this spreadsheet to document their budget and, once the grant is awarded, all expenditures against that budget.
- Do not change the spreadsheet other than to provide the specific information that is requested.
- The spreadsheet contains 3 worksheets (see the tabs below): The budget proposal, the budget narrative, and the instructions.
Download and Use business proposal and budgeting template in Excel
To use this free Business Proposal and budgeting template in excel, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets.
Once extracted, you can open the file using Excel and start entering data or customizing the template.