How to Build a Business Budget
Follow along as we take you step-by-step through the budget-making process for a local pizza restaurant. Learn the basics of building a detailed business budget in Excel or Google Sheets just like the pros!
Meet Your Instructor
Cofounder & CPO, Pareto Labs
Learn the basics of budgeting, what it is and why it is important.
Top Down: Estimating Revenue
Create assumptions for monthly sales using high level estimates and generate formulas to determine the top line budget.
Top Down: Estimating Operating Expenses
Create assumptions for the operating expenses using estimated percentages of sales and generate formulas to determine the operating income budget.
Bottom Up: Estimating Cost of Goods Sold
Estimate the monthly gross profit based on detailed assumptions about the costs of producing each type of product and delivering it.
The Variance Report
Learn how to build a monthly report that compares the actual business performance to the budgeted performance so you can tell if you are on track.