Budget templates

Budget Templates: Creating Assumption Templates to Optimize Departmental Templates

Previously, I discussed the importance of investing upfront in creating robust budget models to eliminate the need to change the budget template from year to year. By investing the time initially, your end users will only have to enter just two or three drivers into your budget templates and everything else will flow automatically. Your budgeting model should be…
Designing your budget model and budget template

When it Comes to Budgeting, Measure Twice and Cut Once

It makes sense on the plant floor – do your due diligence before irrevocably cutting metal. It applies equally to a set of budget templates. Whether you’re using straight up Excel, an Excel based budget application, or a separate budget application, your budget model is likely to consist of a series of budget templates. And,…