Get a sample format for departmental zero based budgeting worksheet in Excel. This template is free to download, easy to customize and use. This is useful for department heads, business managers and professionals. Students can also use this template for learning purpose.
Understanding zero based budgeting
To understand this concept, you can get the basic idea around saving and spending. In fact, it is a saving and spending plan where you assign every dollar of your income to some specific purpose. At the end of the worksheet, if your budget is fully balanced, you should have ZERO budget left over. Some of your income will be going into savings, some will be going towards expenses, some might even be invested. The point is to plan what you want to do with it.
Components of this excel template
Once you download this excel template, you will see that this is very easy to use. Basically, this template for departmental zero based budgeting helps you with –
- It highlights a department’s income from all the sources for the period under consideration and the expenses for the same period. Lastly, the difference between income and expense should be equal to zero.
- In the case of the zero-based budget, in the end, one should balance the budget fully, and one should have zero budget as leftover.
It is every evident that to implement zero based budgeting successfully in any organization, there are various parameters that should be taken care of. You can read about Zero Based Budgeting article by BCG Consulting. This article talks about how behavorial changes in an organization is essential to make zero based budgeting work.
About Departmental Zero Based Budgeting Excel Template
Once you download this template, you will see the following worksheets –
- Expenses Priority Codes
- ZBB Worksheet Template
- ZBB Worksheet example
- Financial Services Example.
To better understand the overall use of the above worksheet, you can simply refer the Worksheet “ZBB Worksheet Example”. This will give you an idea on how to fill up the things and make a clear cut working. Furthermore, you can add or delete columns, rows in the file because it is 100% customizable. There are areas to capture your expenditure information, revenue sources and other information.
Check out : Zero Based Budgeting Excel Template | ExcelDownloads
Also, understand this template is flexible. You can use this for other scenarios as well.
Download and use zero based budgeting excel format
To use this free departmental zero based budgeting excel template, you should have Microsoft Office/ Microsoft Excel installed in your system.
After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software. Once extracted, you can open the file using Excel and start entering data or customizing the template.