How to use microsoft excel to make a budget

For a family or a person, we can also make budgets for saving money or decreasing family deficit. In this article, I will show you how to download a budget template from Office.

Although there are so many budget templates for downloading, you may still want to make a custom monthly budget template based on your needs. The following steps will walk you through customizing a monthly budget template in Excel. Step 1: Prepare a table, and enter its row headers and column headers as following screen shot shown:.

Step 2: Enter your budget data of income and expenses into the table, and calculate the total incomes of every month and every item:. Please select the AA15, then press the Ctrl key and select the NN15; and then follow the same methods we introduced in Step 5- 2 and Step 6. Kutools for Excel's Perpetual Calendar utility can help users create monthly calendar in a new workbook, and layout each calendar month in a new worksheet as below screenshot shown. Full Feature Free Trial day!

In addition to saving as a template, Kutools for Excel's AutoText utility supports Excel users to save the customized budget table as an AutoText entry, which will keep all cell formats and formulas you set in the table. And you can reuse the AutoText entry at any time in any workbook with only one click.

Kutools for Excel - Includes more than handy tools for Excel. You can follow the link to learn more about this topic. Maybe this is one step too far for you at this stage, but it shows you one of the many other powerful features Excel has to offer.

This example shows you how to create a budget in Excel. First, enter the different type of income and expenses in column A. For more information about budget planning, see Budget planning overview. You can also follow the Budget planning tutorial to learn basic module configuration and usage principles.

Budget plan documents can be viewed and edited using one or more layouts. Each layout can have an associated budget plan document template to view and edit the budget plan data in an Excel worksheet. In this topic, a budget plan document template will be generated using an existing layout configuration. Use the Add line option to add lines. Click Layouts to view the budget plan document layout configuration.

The Budget plan document layout cannot be edited after an Excel template is associated with it. To modify the layout, delete the associated Excel template file and regenerate it. This is required to keep the fields in the layout and the worksheet synchronized. The Excel template will contain all of the elements from the budget plan document layout, where the Available in Worksheet column is set to True. Overlapping elements are not allowed in the Excel template.

For example, if the layout contains Request Q1, Request Q2, Request Q3, and Request Q4 columns, and a total request column that represents a sum of all 4 quarterly columns, only the quarterly columns or total column is available to be used in the Excel template. The Excel file cannot update overlapping columns during the update because data in the table could become out of date and inaccurate.

To avoid potential issues with viewing and editing budget plan data using Excel, the same user should be logged into both Microsoft Dynamics Finance and the Microsoft Dynamics Office Add-in Data Connector. To add header information, select the top row in the Excel file and insert empty rows. Click Design in the Data Connector to add header fields to the Excel file. Method 2. Click Blank workbook.

You'll find this in the upper-left side of the page. On Mac, skip this step if a blank Excel presentation opens when you open Excel. Enter your budget headers. Enter at least a month's worth of expenses and dates. In the "Expenses" column, type in the name of each expense that you know of or anticipate for at least a month, then enter the cost of each expense in the "Cost" column across from the pertinent expense names.

You should also enter the date to the left of each expense in the "Date" column. You can also just type in a month's worth of dates and only fill in the cells in which you have expenses. Enter your income. For each date, enter the amount that you'll earn on that day in the "Income" column.

If you won't earn anything, just leave the cell for that day blank. Enter your account balance. Taking into account how much you've spent and how much you've earned on any given day, enter the remaining total in the "Balance". Add notes. If any payment, balance, or day has a different outcome than usual, make a note of it in the "Notes" column to the right of the row in question. This will help keep unusual or large payments easy to remember.

You might also type "Recurring" next to a row containing an expense for a subscription or a monthly or weekly service. Enter the calculation formula. You'll use this same exact formula for the "Income" and "Balance" fields as well, except that you'll use "D" and "E" respectively instead of "C".

Once your budget is complete, you just need to save it on your computer. Did you know you can get expert answers for this article? Unlock expert answers by supporting wikiHow. Support wikiHow by unlocking this expert answer.