![]() ![]() Your line item budget should set out what your company intends to spend for each, based on your goals and the data you have available. ![]() Perhaps the most difficult step in the budgeting process is to project and allocate expenses for the quarter or year ahead. This gives a clear reference point for projections. Show the actual amount spent for item class in the previous financial year. Good budget templates therefore include three columns, with line items set out for each. Important elementsĪs well as separating costs into budget categories (see below), a line item budget should include data from the previous year and a projection for the year to come. The budget may be broken down by business unit (marketing, sales, product), expense account (payroll, office costs, travel & entertainment), or other relevant category. A line item budget groups together certain categories of company spending. ![]()
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