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Use this simple trick to turn your company's financial budgets into super ones

by , 05 September 2014
Do you find the process of creating budgets frustrating?

Don't worry, you're not alone.

There are business owners everywhere that groan at the thought of shuffling every penny around to ensure they can afford everything.

But you don't have to see budgeting as such a chore.

You can do it easily and with this one trick you can turn your financial budgets into super ones.

It's simple, easy and will change the way you do your budgets. Keep reading to find out what it is...


This tip will change the way you do your company's budgeting

When you create your company's budgets, create them in Microsoft Excel. Not only is it the easiest way to do this, but it'll also let you use this tip.
So what is this tip?
Well here it is: When you create your main financial budget, link all the different sections directly to your separate budgets.
You see, in Excel ,you can link different worksheets together. So when you write 'Sales expenses: R50 570' in your budget, for example, you can link that section directly to your Sales budget.
But how exactly will this help you?
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Stop wasting hours trying to figure out a solution to your Excel problem 
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Here's how linking your Excel Spreadsheets will help you with your budget

Let's say, you have to rework your budget to accommodate new expenses. You don't have to click around to find the right separate budgets to change the amounts there. 
You can simply change the amount on your main financial budget and then click through to the spreadsheet you linked it to. 
This will make your budgeting process quicker, more effective and easier. 
By using this one tip you can change your budgeting from a chore to an easy task.

PS. Here is an amazingly simple way to manage your financials, with the Master Budget Series

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