Budget vs Actual spreadsheet template in Google Sheets

by Apr 5, 2019

Please note that this is not a regular spreadsheet template. This is a pre-made Sheetgo spreadsheet-based workflow, which is basically a ready-to-use system based on Google Sheets and operated by Sheetgo.

It is a well-known fact that a healthy budget is the most important asset of a company. However, it can sometimes be chaotic to manage all income and expenses without having an easy system. Therefore, Sheetgo created this Budget vs Actual spreadsheet template in Google Sheets. It automates the process of analyzing your company budget and forecasts. A ready-to-use, customizable template created in technology you already know, to efficiently monitor your budget.

Budget vs Actual Spreadsheet Template: Diagram

How the system works

On the diagram above, you can exactly see how the template is designed. It entails 3 different spreadsheets. Two input spreadsheets “Income” and “Expenses” and one master spreadsheet “Budget vs Actual”. The connections are two-way connections. In other words, the information flows from the input to the master spreadsheets and the other way around. As a result, the system ensures flexible monitoring of your company budget in an automated way.

Let’s get you started!

Step 1. Install the template

Install your Budget vs actual spreadsheet template in Google Sheets by clicking the button above. Login using your Google account. We simultaneously create your Sheetgo account, after completing the authorization. After that, you are redirected to the Sheetgo Web Application where you can find the template. Click on ‘Use template’ to install.

Budget vs Actual Spreadsheet Template: Step 1

Step 2. Open all spreadsheets

The template consists of two input spreadsheets “Income” and “Expenses”, and one master spreadsheet “Budget vs Actual”. To illustrate, take a look at the Network View below. Click on each of these spreadsheet icons to open them and start using the template.

Budget vs Actual Spreadsheet Template: Workflow

Step 3. Fill out the input spreadsheets

Inside the “Income” and “Expenses” spreadsheets, first, fill out the following tabs:

  • Categories input: track income and expenses
  • Forecast detail: the monthly income your company has forecasted per category (overwrite the sample data)
  • Income detail: the income that your company has recorded (overwrite the sample data)
Budget vs Actual Spreadsheet Template: Step 3

Step 4. Configure the Budget vs Actual spreadsheet template

To update the connections between the input spreadsheets and the master file, go back to the Sheetgo Web Application and click on the play button ‘Run workflow’. This ensures the automatic flow of information between the 3 spreadsheets. Use the master spreadsheet “Budget vs Actual” to monitor your income and expenses analysis and overall budget analysis.

Budget vs Actual Spreadsheet Template Step 4

Congrats! 🙂

You’ve successfully set up your Budget vs Actual spreadsheet template in Google Sheets.

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