Validate the Data Up FrontĪ huge amount of time is wasted tracking down “typos”. Granted the initial setup may require some special knowledge or outside help, but from then on, the ability to refresh your data instantly will more than make up for it. Excel has built in functionality to allow you to connect to numerous types of data. Connect to Your Data and Stop Copying It InĬopy and pasting or re-keying data by hand is labor intensive and prone to error. Make sure to use templates and terms that users can understand. However, most people participating in the budget process and contributing to the budget are not accountants and don’t think the same way. Most people that create Excel budget templates are accountants. Tailor the Templates to the User and/or Process
#Template for budget planning how to#
If you need more guidance on how to keep your template simple, click here to read 7 Tips for Creating Simple Budgeting Templates. Below is a copy of a cleaner template that is more user friendly. This template is insane an it is virtually impossible to digest the information being presented. It is only when you realize that you have to zoom out to 12% of the original size to be able to actually fit the entire budget template onto a single screen that you see what kind of a beast this template really is. Now at first pass this budget spreadsheet template doesn’t seem so bad. The following image is a screen shot of an actual Excel budget template. One of the reasons that people procrastinate doing their budget is because they become visually overwhelmed by the templates they are interacting with. Be sure to use terminology that the end-users understand.
Probably the quickest return on investment you can make during the budgeting cycle is to take a couple of extra minutes and write up instructions on how to use the particular input template. Keeping this in mind when managing the process will help things run smoother, be less stressful and ultimately more successful. What does the typical contributor to a budget get out of the process? They lose a lot of time trying to get the numbers into the system, and they face the looming threat of the numbers being rejected. This post provides some insight to help you create data input templates that help facilitate the collection process. The better you are at capturing data, the better your end results will be. It is essential in the budgeting process to capture accurate data, so that you can plan accordingly for the rest of the year.
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