Tracking your project’s budget doesn’t have to be hard if you use the right tools. As this list of 8 Excel templates demonstrates, there are plenty of different methods you can use to ensure you’re keeping your finances in order and not spending more than what was allotted for the project.
However, you must first identify your budgeting needs and the required tracking insights to help you choose the right templates. The following budget templates for project management can help you control how much goes to what, how much gets saved—and more—so you always know that your project stays on track!
#1 | Monthly Expenses Tracker
If you find it challenging to stay on budget each month, keeping track of your project’s expenses can help. Knowing what your money is going toward can be easier if you stick with a budget.
Use this template to keep tabs on how much you spend on a project each month. It’s easy—all you have to do is add your numbers to the template, and that’s it!
#2 | Monthly Bills Tracker
As a project manager, you probably agree that managing a monthly budget is important to keep your finances in order. Knowing how much money you have coming and going ensures that there are enough funds on hand for unexpected expenses and that your regular bill payments are issued on time.
One of the best ways to stay on top of your budget is to track every expense that comes through each month. And to do just that, this tracker comes in handy.
#3 | Projection Spreadsheet
A budget is all about setting financial targets and expectations. To help you reach your goals, use a projection spreadsheet to forecast your project’s budget and expenses into the future.
At a glance, you’ll see where you stand at any point in time—and how much time is left until the next project cycle. This information can be helpful if you have debt payments or other fixed monthly expenses that must be paid on a certain day each month.
For example, if you need to make an extra payment on a certain tool’s subscription before it’s due for renewal, knowing exactly when that payment needs to be made will give you plenty of lead time to make sure it happens without falling behind on other bills.
#4 | IT Project Budget Template
IT departments of companies also have organizational goals to meet. That is why companies set a budget for these departments to know how much a project will cost.
The best way to do this? Use an IT project budget template. This allows organizations to clearly define the expenses and costs associated with the project and come up with projected revenue.
#5 | Savings Tracker
Many things can stop you from achieving your savings goal. It can be that newly released iPhone 14 you’ve been waiting for or an emergency that requires you to spend unexpectedly. This also applies to project management.
Lucky for you, with a savings tracker, you can effectively resist temptations. You can enjoy watching how your savings grow and be motivated as you slowly reach your savings milestones.
#6 | Project Budget Worksheet
Is budgeting for a project an impossible task? Then you can use a project budget worksheet template. It allows you to track different aspects of your project, from the materials to the workforce to other aspects of the project development. With such a template, you can conveniently monitor expenses as your project progresses.
#7 | Travel Budget Tracker
If traveling to meet your clients is an integral part of your project, you know that setting a budget for your trip can be a headache. With a travel budget tracker, budgeting for your travel plans will be a breeze. You can easily track your expenses along the way, so you can better understand how much you are left to work with.
#8 | Cash Flow Projection
Businesses need to control and manage their cash flow to stay afloat and remain competitive. This becomes even necessary for start-ups, so they don’t spend more than they can afford.
For huge companies, an advanced software program makes tracking cash flow an easy task. But for smaller ones, a cash flow projection worksheet can be useful. Using this template, users can easily identify finances and comply with financial obligations within a certain time frame.
Harness the Power of These Excel Templates on Confluence!
Project managers who use Confluence understand how stressful it can be to keep different tabs open to ensure the project stays on track. But the good news is that it is now possible to take advantage of these templates without having to exit Confluence. The answer? Through Excel-like Tables for Confluence!
This amazing app has Excel-like features, including formulas, tables, charts, shapes, and calculation functions. Even better, it supports importing and exporting Excel and JSON files! This means that project management and budgeting can remain on the same page. This all-in-one Excel app eliminates the need to constantly switch between Confluence and external spreadsheet apps.
Now, you can download the above templates, customize them to your needs, and use them to your advantage directly from within Confluence!
Wrapping Up
Plenty of tools are designed to help you manage your finances and track your spending habits, from spreadsheets to mobile apps. But whether you’re just starting or already working with spreadsheets, these eight templates will make it easier to keep your budget under control and ensure that you don’t spend more money than you have to come in each month.
About the Author: Anthony Stevens is the Content Specialist for Excel Templates, a resource for free Excel templates including calendars and charts. When not writing, he spends time building furniture and running with his dog.
