Budgeting: Building company budget.

Explore the six-step budgeting process—preparation with timeline and templates; strategic goals; data gathering (historical analysis, forecasts, department input); building the budget; review and approval; and company-wide communication to stakeholders.

Prepare for budget folders by outlining timelines, roles, and rules, updating the process flowchart, and refining master and input templates to ensure smooth data collection to final approval.

Master budget creation starts with the variable sheet and setup sheet, then defines cost centers, profit centers, fixed asset categories, and profitability and liquidity KPIs, including inventory and sales metrics.

Step 1 focuses on master budget input sheets, including revenue, profit and cost centers, salary inputs, marketing, cash flow, and fixed assets, with quarterly and regional breakdowns and example datasets.

Explore calculation sheets that process input data into insights across cost centers, profit centers, salaries, depreciation, and cashflow planning, using formulas like sum, vlookup, and index and match.

Explore the output sheet of the master budget, linking the income statement, cash flow, and balance sheets with dashboards to reveal regional and department breakdowns and net profit.

Gather historical data from departments to build an accurate, aligned budget. Coordinate across teams, set deadlines, and use a consistent template to enhance transparency, risk management, and informed decision making.

Collect data from departments, consolidate into the master budget, analyze against last year, perform capital budgeting and cash flow forecasts, then prepare financial statements including income statement and balance sheet.

Finalize the budget by presenting to management, with an executive summary, income statement, cash flow, capital expenditures, and balance sheet, incorporating management feedback for final review and approval.

Explore a comprehensive budget example with executive summary, income statement, balance sheet, cash flow, capex, headcount, KPI targets, and three-year revenue projections with sensitivity analysis.

Communicate and submit the approved budget across departments, integrate it into the financial system, and create an action plan for next year with roles, townhalls, intranet postings, and performance reviews.

Explore Sportmax online's four business segments and multi-channel sales strategy, and review its current-year financials, including net sales, net income, and balance sheet highlights.

Organize the budget process with an effective folder structure that supports planning, templates, department submissions, drafts, final budget, and backups for streamlined approval and accuracy.

Create a budget timeline in Excel with steps, activities, responsibilities, and start and end dates. Use a weekday color rule and link each day to the previous start date.

Create a RACI chart to assign responsibilities for budget activities. Use color-coded formatting to show who is responsible, accountable, consulted, or informed among management, project manager, department manager, and HR.

Create a RACI chart to map budget roles and responsibilities, aligning activities with stakeholders and using color coding for R, A, C, and I.

Create a RACI chart for input sheets to assign responsibilities across departments, detailing who is responsible, accountable, consulted, and informed for each budget input.

Create a master budget template using variable sheets, including a setup sheet with company information, tax and cost assumptions, cost centers, segments, and asset planning.

Create an input sheet suite for next-year budgets, covering revenue forecast, cost center, salaries, fixed assets, marketing, and payment planning, with quarterly and sales channel breakdown linked to setup sheet.

Build a master budget template using the cash input sheet and a revenue sheet by business segment to project annual budget and set starting point for cash flow statement.

Create a master budget template using the marketing input sheet to track digital and traditional marketing expenses and link year, company, and cost center with numbers via Xlookup.

Create a master budget salary input sheet to track and forecast next year's salary expenses, incorporating HR data, payroll taxes, salary increases, net and quarterly allocations, and headcount insights.

Create a budget template for fixed assets with fixed assets input sheet; capture id, description, class, unit price, quantity, acquisition quarter, and compute cost and depreciation via asset life lookup.

Create a master budget template by compiling the existing fixed assets table, listing each asset with code, description, and gross value, and input depreciation totals by cost center.

Build master budget template with a cost center input sheet linked to revenue, cogs, and profit, focusing on operating expenses, salaries, marketing, and depreciation to compute ebit and net income.

Develop a master budget template by forecasting next year's payments from the current balance sheet, using ending balance as the next year's beginning balance, four quarterly columns, and cash-flow linkage.

Create a profit center calculation sheet in the master budget, link three centers via data validation and xlookup, compute revenue, cogs, gross profit, ebit, and net income, then aggregate.

Create salary and headcount calculation sheets to summarize total salaries, expenses, and headcount by cost center and quarter using xlookup, sum, and sumif formulas.

Learn to aggregate costs across multiple cost centers using sumif and sum, duplicating a cost center and removing unneeded data for a complete picture of company costs and profits.

Consolidate revenue and costs into the total company sheet using sum formulas. Duplicate a center sheet to compute total revenue, gross profit, expenses, and net income after taxes across quarters.

Compute quarterly inventory purchases across four quarters for the cash flow statement using the inventory planning sheet to maintain efficient inventory turnover, including beginning, ending, and target inventory.

Explore cash flow planning in the master budget, starting from the operation cash balance and quarterly projections across operation, investing, and finance, including net changes and closing balances.

Plan master budget cash flow and inventory planning for direct purchases, including VAT, with payments in the following quarter linked to accounts payable and balance sheet data.

Apply an 82% percentage to total gross salaries in the master budget cash flow planning for salaries and wages, multiplying across the total sheet for each quarter.

Learn master budget cash flow planning by detailing operational expenses, salaries, depreciation, tax provisions, and VAT links, and see how inflows and outflows shape the net cash flow from operation.

Calculate cash flow from investments by comparing inflows from equipment sales to outflows for purchases of property and equipment, using fixed asset summary sheets and current year balance payment sheet.

Learn cash flow planning by tracing inflows from common stock assurance proceeds, debt, and dividends. Account for outflows like prepayments to compute net cash flow and closing balance.

Build a vat planning calculation sheet that computes output vat from quarterly revenue at 20% and input vat from purchases. Link inventories and expenses to balance sheet and vat payments.

Learn to build a comprehensive balance sheet plan by forecasting assets, liabilities, and equity across four quarters, linking cash flow, receivables, inventory, and depreciation.

Explore liabilities planning in the master budget, detailing accounts payable from direct purchases, VAT, corporate tax payable, and long-term debt adjustments through quarterly cash flow and balance sheet projections.

Learn master budget techniques for equity planning, updating equity components for stock changes and issuances, and calculating beginning equity, paid-in capital, and retained earnings to balance assets with liabilities.

Master the budget outputs by building income statement, cash flow, and balance sheet sheets with quarterly dashboards, forecasts, and variances, including gross profit, operating profit, other income/expenses, taxes, and headcount.

Explore the sas breakdown for revenue sources, with sales by business segment and sales channel linked to profit centers, plus current-year forecast and gross profit by segment.

Analyze the income statement and operation expenses, compare current year deviations and department-level cost center data, and project next year's headcount by department.

Review tables that summarize property and equipment purchases by asset class for management overview and year-over-year comparison, then analyze fixed assets by cost center to identify next year's buying patterns.

Develop the direct-method master budget for cash flows, detailing opening balances, quarterly totals, cash inflows from customers, cash outflows to suppliers and employees, taxes, and financing, investing, and closing balances.

Learn how to prepare the indirect method cash flow statement by adjusting net income with depreciation and non-cash items, changes in working capital, and financing and investing activities across quarters.

Create a master budget dashboard to visualize KPIs such as revenue, net income, net cash flow from operations. Highlight headcount, quarterly revenue, and revenue by segment and sales channel.

Develop department-specific input templates to collect next year's budget data across cost centers, profit centers, and asset categories, including fixed asset inputs and depreciation, with automatic calculations.

Learn how finance input templates streamline budgeting by collecting current year forecasts, balance sheet, cash flow, fixed assets, depreciation, cost center data, headcount, and salaries across departments.

Apply master budget templates and input templates to gather cross-department data. Learn how collaboration becomes easier after initial setup, with yearly updates to the fixed asset list and cost centers.

Summarize strategic alignment with senior management to set vision, discuss priorities for the year, and outline budgeting allocation across marketing and customer acquisition, talent acquisition and development, and risk management.

Sportmaxx's 2025 executive summary outlines strategic goals, aligns planning with long-term vision, and targets revenue growth of 10% to 33.6 million and EBIT margin of 30%, focusing on new markets.

Outline strategic alignment outcomes and priorities, including market expansion, product innovation, operation efficiency, and talent acquisition, while targeting 10% EBIT margin growth to 30% and 25% net profit.

Analyze overview: current year projections show revenue before taxes of 35 million and net profits of 28 million, with marketing 11.8 million and next year's capital expenditure of 1.3 million.

Explore strategic goals driving budget allocation, with marketing allocations, talent development, and ongoing budgeting reviews to ensure financial health and risk management for Sportmax online 2025.

Gather historical data, input from departments, and analyze market trends and economic forecasts to form the budgeting process and prepare the budget guideline aligned with the company's strategic goals.

Align Sportmax online's 2025 budgeting priorities with the long-term vision, presenting a management summary and guideline-driven template. Understand responsibilities, KPIs, and allocations for marketing, EBIT, and capex.

The budgeting process is presented using Gantt charts to outline tasks, deadlines, and interdepartmental coordination, clarifying roles and inputs to inform next year's hiring needs based on expected sales.

Learn how to fill the budgeting input sheet with sales input and marketing budgets, guided by a budget guideline. The session covers steps, Q&A, and distributing templates to stakeholders.

Financial analysts coordinate cross-department meetings to review the budget template, ensure timely submissions, and maintain a central department submission folder for transparent, versioned budgeting documentation.

Integrate data from multiple departments into the master budget, then build operating, capital, cash flow, and balance sheet budgets using the Sportmax online master budget template.

Integrate revenue data from the sales input and SAS forecast into the master budget to create the operating budget and income statement, noting a 14% deviation from 10% growth target.

Forecast the cost of sales by aligning it with revenue forecasts and the business units and segments, applying a 45% gross profit baseline, and validating profit centers with integrated data.

Integrate cost center inputs into the master budget template for the full fiscal year, copying or linking data and including the current year forecast and headcount.

Build the company budget by exploring headcount projections by quarter across cost centers, using salary input data to track new hires, total employees, and deviations.

Integrate marketing expenses into the marketing and master budget, verify totals across cost centers, compare to last year, and confirm the marketing budget aligns with 10% of total sales.

Integrate depreciation for existing fixed assets and new purchases into the master budget, allocating depreciation by cost center and updating the depreciation calculation sheet.

Integrate fixed assets requests from departments into the master budget sheet, filtering by quantity and pasting data into the fixed assets input sheet. Confirm the total acquisition amounts to 626,000.

Verify fixed asset requests, confirm totals and depreciation by quarter, and calculate next year's depreciation including new assets and expansion, ensuring accurate cost-center spreading.

Calculate depreciation across cost centers, compare to the previous year, and note increases from new purchases; total depreciation is 2.7 with a 30% increase.

Calculate corporate taxes by multiplying ebit by 21% and verify values in the setup sheet; corporate taxes rise to 9 million from 7 million due to higher profit.

Review the operation budget by analyzing expenses, department and category variances, and perform a final check on revenue, net income, gross profit, capex, and headcount projections.

Integrate year balance sheet inputs into the master budget to align assets and liabilities and guide cash flow for next year, covering operating expenses, accounts payable, taxes, debt, and dividends.

Integrate the cash flow from sales into the cash flow statement and master budget, validating the 108 million input from the sales department against operating cash flow.

Analyze the direct method cash flow against last year, noting cash inflow of 108 million vs 95 million, operating and investing cash, financing up 5 million, ending at 4 million.

Analyze the cash flow statement using the indirect method and compare with the direct method. Note a 28% profit rise and negative cash flow, ensuring year-end cash and equivalents align.

Review balance sheet planning by verifying data accuracy and comparing assets to liabilities, noting accounts payable rise and debt repayment, with profit driving the year’s return increase.

Review the final dashboard to verify data accuracy, including venue, net income, and operating expenses, and note the negative cash flow next year; examine quarterly revenue by segments and channels.

Analyze and present operating expenses, CapEx, cash flow, and balance sheet projections, highlighting marketing costs, department breakdowns, headcount, KPI metrics, and budgeting assumptions for management review.

Present next year's budget to management, discuss assumptions and key financial statements, and address questions before finalizing and securing approval with CEO, CFO, and board chair signatures.

communicate the approved budget across the organization via company-wide emails, internal postings, and town hall meetings to share projected sales, gross profit margin, revenue goals, and department costs.

Submit the budget within an ERP system such as SAP or Oracle, integrating the budget items—profit and loss, cost centers, headcount, projections, and cash flow.

Build and implement your budget using the master budget file and department submissions, then measure performance, adapt operations, and explore variances analysis and forecasting in future courses.