Operating Budget Template
An Operating Budget is a forecast of the revenues and expenses expected for one or more future periods. An Operating Budget is typically formulated by the management team just prior to the beginning of the year and shows expected activity levels for the entire year.
An operating, or operational, budget outlines the funds you need to make your business run efficiently and successfully during a period. It consists of all revenues and expenses your company expects to use for its operations.
Operating budgets typically break down things like fixed and variable costs, revenue, and other expenses.
Like with a regular business budget, many businesses tend to create their new annual operating budget at year-end. That way, they can plan out their budget for the entire year and set financial goals. However, nothing is set in stone. A business may tweak its operating budget throughout the year (e.g., each month) to ensure it’s up-to-date with any operational changes.
Creating an operating budget can be beneficial for your small business. An operational budget can:
- Help you manage current expenses
- Project future expenses
- Reduce business debt
- Establish financial accountability
- Help your business stay on track
With over 20 years of experience as an Executive Assistant, Amy Martin leads the Business Support Team at Total Eclipse Agency.
Offering impeccable attention to detail, and an innate skill at streamlining business operations, Amy’s background encompasses both corporate and government sector support and she brings this knowledge and skill set to your business via our Business Support Services.