Camp planning budget template2/21/2024 ![]() Add in lines for investments, loan repayments, grant income, and owners draw. This template has all of your month to month expenses, but it's missing the numbers that fall into your balance sheet. (If this is too quick of an overview, let me know and I can edit.) However, I did make a very basic template that you can use! It has some of our 2019 numbers, so just delete them and put your own numbers in. I don't necessarily want to do an Excel lesson, since I trust most of you are or have someone who can whip up a spreadsheet. Once you have your 2019 numbers, extrapolate them out so that they are evenly divided between the 12 months of 2020. (If you are completely new to P&L's, or budgeting, grab a copy of Fearless Farm Finances, or The Organic Farmer's Business Handbook.) You want to be able to list out your income and expenses, sum them at the bottom of each section, and get the balance, or net at the bottom. To create a monthly budget for the upcoming year so that you can make a plan to meet your financial goals.Ħ0 + minutes (more if you're doing this for the first time)Įxport your P&L into an Excel or Google Sheet. Your ideal budget and investments from Step 4 Here's how we did it.Ī 2019 profit and loss statement from QuickBooks, or your preferred accounting platformĪ spreadsheet program like Excel or Google Sheets, or use this quick one from our farm All I know is that once we took control over my own finances I felt a whole lot better. Again, you may not need something so complicated, but I strongly encourage you to create some sort of monthly budget in order to get an understanding of where your money is going and why.ĭisclaimer: I'm not a financial expert nor do I claim to know anything about what you should do with your money. It allows me to plan for all the income that I need, and then shift expenses in order to make that happen. I have found that having this document is incredibly empowering. Now I can change numbers around (what if we bought our potting soil in February vs April? Would we need to push more CSA members to sign up early in order to cover that cost?) and see the effects on our bank account. I told her that I basically wanted to have a way to see if I was going to make enough money by the end of the year, and I wanted to be able to see if I was going to be close to overdrawing my bank account. Our first step in working together was to determine my needs, or goals in my budgeting tools. My budgeting spreadsheet fits my personality and business perfectly, but only because I spent many years wishing for specific budgeting tools and finally recruited my accountant and spreadsheet-sorceress friend to build me a workbook that fit my needs. ![]()
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