Process Improvement Plan: Developing a Budget

For this section of your process improvement plan, you will be creating a proposed budget. Please review the budgeting template in the resources section of this module. You will need to consider things such as paying employees, supplies, lost time, and training, etc..

Your budget should clearly state the needed resources and how those resources will be used.

If you don’t already have a budget design, you can use the provided budgeting template.

Things to Remember!

• Submit your budget in an Excel spreadsheet.

Be sure to check your work and correct any spelling or grammatical errors. 

Services

[Company Name] 2017 Budget

©

2009

–

2014 Vertex42 LLC

INCOME Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Business Budget Template Operating Income Category 1

–
Category 2

–
Category 3

–
Category 4

–
Other

–
Total Operating Income

– – – – – – – – – – – – –
Non-Operating Income Interest Income

–
Rent

al Income

–
Gifts Received

–
Donations

–

Other –

Total Non-Operating Income

– – – – – – – – – – – – –
Total INCOME

– – – – – – – – – – – – –
EXPENSES

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Operating Expenses Accounting and Legal

–
Advertising

–
Depreciation

–
Dues and Subscriptions

–
Insurance

–
Interest Expense

–
Maintenance and Repairs

–
Office Supplies

–
Payroll Expenses

–
Postage

–
Rent –
Research and Development

–
Salaries and Wages

–
Taxes and Licenses

–
Telephone

–
Travel

–
Utilities

–
Web Hosting and Domains

–

Other –

Total Operating Expenses

– – – – – – – – – – – – –
Non-Recurring Expenses Furniture, Equipment and Software

–
Gifts Given

–

Other –

Total Non-Recurring Expenses

– – – – – – – – – – – – –
Total EXPENSES

– – – – – – – – – – – – –
Net Income Before Taxes

– – – – – – – – – – – – –
Income Tax Expense

–
NET INCOME

– – – – – – – – – – – – –

https://www.vertex42.com/ExcelTemplates/business-budget.html

Goods

[Company Name] 2017 Budget

INCOME Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Business Budget Template

–

–

–

–

–

–

Other –

– – – – – – – – – – – – –

(from details section)

– – – – – – – – – – – – –

– – – – – – – – – – – – –

– – – – – – – – – – – – –

– – – – – – – – – – – – –

– – – – – – – – – – – – –

– – – – – – – – – – – – –

– – – – – – – – – – – – –

– – – – – – – – – – – – –

Non-Operating Income
Interest Income –

–
Other –
Total Non-Operating Income – – – – – – – – – – – – –

Total INCOME – – – – – – – – – – – – –

EXPENSES Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

Operating Expenses
Accounting and Legal –
Advertising –
Depreciation –
Dues and Subscriptions –
Insurance –
Interest Expense –
Maintenance and Repairs –
Office Supplies –
Payroll Expenses –
Postage –
Rent –
Research and Development –
Salaries and Wages –
Taxes and Licenses –
Telephone –
Travel –
Utilities –
Web Hosting and Domains –
Other –
Total Operating Expenses – – – – – – – – – – – – –

Non-Recurring Expenses
Furniture, Equipment and Software –
Gifts Given –
Other –
Total Non-Recurring Expenses – – – – – – – – – – – – –

Total EXPENSES – – – – – – – – – – – – –

Net Income Before Taxes – – – – – – – – – – – – –
Income Tax Expense –

NET INCOME – – – – – – – – – – – – –

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

Product 1

–

–

–

–

Other –

–

Cost of Goods Sold – – – – – – – – – – – – –

– – – – – – – – – – – – –

Product 2

Beginning Inventory –
Goods Purchased or Manufactured –
Shipping Charges –
Labor (wages and payroll) –
Other –
Less Ending Inventory –
Cost of Goods Sold – – – – – – – – – – – – –
Profit (Loss) – – – – – – – – – – – – –

Product 3

Beginning Inventory –
Goods Purchased or Manufactured –
Shipping Charges –
Labor (wages and payroll) –
Other –
Less Ending Inventory –
Cost of Goods Sold – – – – – – – – – – – – –
Profit (Loss) – – – – – – – – – – – – –

Product 4

Beginning Inventory –
Goods Purchased or Manufactured –
Shipping Charges –
Labor (wages and payroll) –
Other –
Less Ending Inventory –
Cost of Goods Sold – – – – – – – – – – – – –
Profit (Loss) – – – – – – – – – – – – –

Product 5

Beginning Inventory –
Goods Purchased or Manufactured –
Shipping Charges –
Labor (wages and payroll) –
Other –
Less Ending Inventory –
Cost of Goods Sold – – – – – – – – – – – – –
Profit (Loss) – – – – – – – – – – – – –

Product 6

Beginning Inventory –
Goods Purchased or Manufactured –
Shipping Charges –
Labor (wages and payroll) –
Other –
Less Ending Inventory –
Cost of Goods Sold – – – – – – – – – – – – –
Profit (Loss) – – – – – – – – – – – – –

		© 2009-2014 Vertex42 LLC
Sales
	Product 1
	Product 2
	Product 3
	Product 4
	Product 5
	Product 6
Total Sales
						Cost of Goods Sold
COGS – Product 1
COGS – Product 2
COGS – Product 3
COGS – Product 4
COGS – Product 5
COGS – Product 6
Total Cost of Goods Sold
Gross Profit
Rental Income
[42]
COST OF GOODS – Details
					Beginning Inventory
					Goods Purchased or Manufactured
					Shipping Charges
					Labor (wages and payroll)
					Less Ending Inventory
					Profit (Loss)

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https://www.vertex42.com/ExcelTemplates/business-budget.html

©

Business Budget Template

By Vertex42.com https://www.vertex42.com/ExcelTemplates/business-budget.html

© 2009-2014 Vertex42 LLC

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