![]() By that point, you may already be way over budget. It's no good waiting until the end of the month to see what's been spent. You also need payment methods (including company cards and expense claims) that feed the finance team information in real time. They can't spend more than allowed, and they stay on-budget by default. For example, good spend management platforms set a monthly cap for each individual, tied back to their team budget. Smart processes and good tools go hand in hand. If budget managers don't know what's expected of them, they'll struggle to follow the rules. The first step is to set clear goals and expectations from other teams. ![]() Managing company cash requires a mix of smart processes, good tools, and communication. How can we ensure our company budget is followed? ![]() Notion has various pricing plans and packages, including a free plan for individuals. But if you want to duplicate the budget planner and tailor it to your company's need, you'll need your own workspace. You don't need a Notion account to view this budget template. Do I need a Notion account to use the template? This template serves as your starting point, for you to make your own. You can build on this template and add other features, including a to-do list, links to your company expense policies, common suppliers, and more. This saves you the effort of building your own budget tracker from scratch. You can easily duplicate and re-use this Notion budget template. How do I create a budget template in Notion? This is why we recommend creating a plan in Notion (or Excel), then using spend management software like Spendesk to put that budget plan into action. You can't expect every team member to update the budget tracker template every time they spend at work. High-level budgets and quarterly updates should absolutely live in Notion.īut you may want to also have more hands-on budget tracking tools for your teams. And thus, it's perfect to communicate your company budget. Used well, it contains both your big picture policies and roadmap, and the day-to-day.īecause every team can use and contribute to Notion, it's a great place to store vital information and share data with the whole company. Notion is a mix between a company wiki and project planning software. Common Notion template questions Is Notion a good finance tracker tool? Spend management tools do this for you, so you stop worrying about finance tracking and focus on growth. You'll also need to check the company bank account to see what has actually been spent. Without these tools, you need to be highly vigilant and manual add each cost to your spreadsheet. And spend management software (including an expense tracker app) logs every expenditure the moment it occurs. The cards let employees pay for approved expenses without using their own money. The easiest way to do this is with smart company cards and spend management software. It's critical that you actually monitor what's spent, and put clear company guidelines in place. But simply having a written budget doesn't actually ensure you keep spending in check. Track business expenses in real timeĪ company budget is a valuable, necessary tool for any startup, small business, or enterprise. Learn more about common business expense categories. Brand new businesses might still be in the R&D phase, with most costs going towards product development and salaries. More aggressive, modern startups might allocate significant amounts to marketing, trying to bring in new business as soon as possible. But the proportion of available cash you allocate to each depends entirely on your business growth plan. Simply acknowledging and tracking these costs is one thing. Office costs (furniture, stationery, food & beverages) What spending categories should be included?Įvery company has its own costs, and certain types of expense will be more relevant to your particular business.īut as a starting point, your business budget might include: Show other users how to duplicate the template for their own budgets, and lock your final budget to avoid unwanted changes. The best Notion templates are collaborative - as is finance tracking. Share the budget planner with other teams and budget managers for input. You could choose to use monthly budgets (quarterly by default), group certain categories together, and more. This includes the total budget, expense categories, and set costs for each activity.Ĭheck out the different database views and change them as required. Update the example details to match your own financial goals. Click the three dots at the top right to duplicate.) (The original Notion page is locked and cannot be edited directly. You'll find instructions in the Notion page, but here are the basic steps:įollow this link for access to the Notion templateĭuplicate the page and add it to your workspace. Your free Notion template is ready to use right away.
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