Tv Production Budget Template Download

Budget Template with Charts is a ready-to-use template in Excel, Google Sheet, and OpenOffice that helps to create and manage your financial plans.

This operating budget template helps you prepare your monthly and annual revenue, costs and expenses budget. An operating budget consists of.

Additionally, it helps you to manage your finances well and achieve financial goals. This Budget Template is useful for Accounts Assistant, Accountants, Audit Assistants, etc.

What Is A Budget?

Tv Production Budget Template Download

A Budget is a quantitative expression of a financial plan for a defined period. It includes estimated sales volumes and other revenues, expenses, and cash flows.

In other words, a budget is the allocated amount for a particular purpose. Moreover, it contains a summary of intended expenditures.

Importance of Budgeting

For example, if your budget comes in under your client’s budget and you think you can use a field producer for a few extra days during pre-production bring her on board early (pro tip: you’ll always end up with a better product when you’re more prepared). We’ve included two budget templates: simple and detailed. Budget Forms Pro forms are designed to support all phases of production. From pre-production, production to post, Budget Forms Pro contains all the budget forms needed to do a professional job, including a top sheet budget summary. Budget Forms Pro forms are Excel Templates and designed to work with any version of Microsoft Excel for PC or MAC.

Get a FREE copy of our video production budget templates for your own budgets. Quickly and easily see if you're making a profit and increase your margins. Guide to the Production Budget. Here we discuss the definition and example along with the advantages and disadvantages of Production Budget.

Budgeting is a very important part of the company’s financial well-being. Budget assists in controlling the actual costs. A budget serves as a plan of action to achieve quantified objectives.

Additionally, it serves as a standard for measuring the performance of a company. Eventually, Budgeting can provide an in-depth understanding of money spends.

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Furthermore, It reduces debt troubles by thorough planning and well execution of budgets. Thus, Budget is one of the most important administrative tools for managing finances.

Tv commercial production budget template

Types of Budget

There are mainly 5 types of budget. Master Budget, Operating Budget, Cash Flow Budget, Financial Budget, and Static Budget.

Master Budget

Large companies use the Master Budget. It consists department-wise budget. This budget statement highlights the complete picture of the company’s financial activity.

A master budget includes factors like sales, operating, assets, income streams, etc. This allows the company to establish their financial goals as well as evaluate the overall performance.

Operating Budget

Companies use the Operating Budget to forecast and analyze projected income and expenses over a specific period. Usually, the management makes the operating budgets time-based.

Often companies prepare them monthly, quarterly, half-yearly, or yearly. In some cases, they also make weekly and bi-weekly budgets.

They are helpful to the management to keep an eye on overspending on regular and unnecessary supplies.

Operating Budgets include costs related to sales, production, labor, material, overhead, manufacturing, and administration.

Cash Flow Budget

The purpose of the Cash Flow Budget is to monitor the incoming and outgoing cash of the company. It helps the management to use their cash wisely.

It helps the management to know whether the company has ample cash to handle operating activities.

The Cash Flow Budget also helps to take further investment opportunities that can generate future cash flows. This budget includes accounts payable and accounts receivable.

Tv Production Budget Template Download

Financial Budget

A financial budget represents the strategy of asset management, cash flow, incomes, and expenses. It depicts a clear picture of the company’s overall financial health.

It is a comprehensive overview of the company’s spending against revenues for core operating activities.

Static Budget

Some activities of companies are recurring and don’t change much over time. These include warehousing expenses, cold storage, rents, etc.

Free Downloadable Film Budget Template

Hence, the nature of such expenses is static. As the name suggests, a Static Budget is a fixed budget that remains unchanged despite changes in sales or revenue.

Components of a Budget Statement

Usually, a budget statement includes three components. Income, Personnel Expenses, and Operating Expenses. A budget consists of estimated, and actual figures for the respective heads.

Moreover, the final column depicts the difference between the estimated and actual spending. This allows the management to know whether the budget is surplus, balanced, or deficit.

The first thing to consider while preparing a budget is to define the sources of income. It includes Net sales, interest income as well as profit or loss from the sale of assets.

In short, the sources from which the company will generate money.

Secondly, it includes Personnel expenses such as employee salaries, Employee Benefits Spends, and Commissions. Lastly, it includes all Operating expenses.

Budget Template (Excel, Google Sheets, OpenOffice)

We have created a Budget Template with Chart. This template will help you manage your finances well and decide financial goals.

Additionally, you can download other accounting templates like Accounts Payable Template with Aging, Accounts Receivable Template with Aging, and Invoice Excel Templates.

Note: To edit and customize the Google Sheet, save the file on your Google Drive by using the “Make a Copy” option from the File menu.

Let’s discuss the template contents in detail.

Contents of Budget Template

This template consists of three sections: Header Section, Data Input Section, and Charts.

Header Section

The Header section consists of the Company name and heading of Budget Control.

Data Input Section

This section consists of four parts.

Income Sources, Personnel Expenses, Operating Expenses, and Budget Overview.

Income Sources: This section record the estimated and Actual Income. It includes income from sales, interest, etc for a specific period is recorded in this head.

Personnel Expenses: Estimated and Actual expenses related to wages, employees, and Commission are recorded under this section.

Operating Expenses: This section records the estimated and actual operating expenses like Legal and auditing, Maintenance and repairs, Office supplies, Postage and Rent or mortgage, etc are recorded.

Budget Overview: It provides an overview of estimated and actual Incomes vs Expenses.

Documentary Film Budget Template

Note: Column for Estimate contains Budget estimates for a specific period. The column for Actual contains Actual income or expenditure for a specific period. The Difference column contains the difference between the Estimated and Actual.

The differences between the actual and the estimated budget amounts are known as variances.

Charts Section

This section consists of a graphical representation of the data of Budget Overview.

Budget Conclusions

There are three kinds of budget results: Surplus, Balanced, and Deficit.
  • The surplus budget means Actual expenditure is less than the estimated.
  • Balanced Budget means that the estimated and actual expenditure is equal.
  • A deficit Budget means that the actual expenditure is higher than the estimates.
If the company’s budget is a surplus budget, then profits can be anticipated. Whereas if the company’s budget is balanced, then we need to improve the execution. But if our budget is a deficit budget, the losses can be expected.

Tv Production Budget Template Download Printable

Thus, Companies need to prepare, plan, and execute a budget plan that helps them to acquire a surplus budget.

Uses of Budget Statement

  • The traditional use of the budget is that it helps us reduce unnecessary business expenditure and eventually increase business income.
  • Prioritize financial spendings and set relevant sales/revenue targets.
  • Allocate resources and assign responsibilities to the respective department head/managers for the better and feasible running of the department.
  • For getting better cash flow by proper financial management.
  • Asset/Wealth Building.

Benefits of Maintaining a Budget Statement

  1. Proper budget allocation helps in achieving financial goals.
  2. Prevents unnecessary spending.
  3. Helps you save efficiently.
  4. Creating cushions for unexpected expenses.
  5. In case of debt, proper and feasible budgeting will help you pay off your debt.

Other Budget Templates

Business Budget Templates

Download Event Budget Excel Template-We have created a simple and easy Event Budget Excel Template with predefined formulas. Just enter your projected and expenses and incomes. After the commencement of the event enter the actual figures to obtain a comparison report.
Download Web Development Project Budget Excel Template-We have created a simple and easy Project Budget template with predefined formulas and formats. Use this template to estimate the budget for an allocated or desired web development project. It also consists of a printable version that is auto-filled according to the entries made in the Budget sheet. You can print this copy and keep it on your table for ready reference.
Download Project Budget Excel Template-We have created a simple and easy Project Budget Excel template with predefined formulas. Enter details of tasks and their pertaining costs and it will automatically derive the estimates for you. Furthermore, it also helps you compare the estimates with the actual amount of money spent on those tasks and hence lets you know the profitability of the project.
Download Marketing Budget Excel Template-Marketing Budget Template is a ready-to-use template in Excel, Google Sheets, and OpenOffice that helps you to organize and plan your marketing budget. This template will help you manage your allocated finances for the marketing department well and decide your revenue goals.

Personal Budget Templates

Download Home Remodel Budget Excel Template-We have created a simple and easy Home Remodel Budget Excel Template with predefined formulas and formating. Insert the required data and your remodeling budget is ready.
Download Monthly Household Budget Excel Template-We have created a simple and easy Monthly Household Budget Excel Template that will help you evaluate your income sources, budget your expenses and keep a track of actual expenses along with a graphical representation.
Download Personal Budget Excel Template-We have created a Personal Budget Template in Excel, Google Sheet, and Open Office with predefined formulas and a graphical overview of the financials. This template is useful to everyone but especially for working individuals and students.

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Frequently Asked Questions

What is the 50:30:20 Budget rule?

The 50:30:20 rule states to spend your after-tax income in the ratio of 50:30:20.

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The split will be as follows:

50%: Spend on needs like groceries, housing, utilities, health insurance, and travel.

30%: Spend on wants and leisure like shopping, dining out, hobbies, learning new skill sets, etc

20%: For savings, financial goals, etc.

What is the 30 days rule in budgeting?

The 30-Day Rule is a method to control your spending habits. This rule says that if you want to buy anything, think over it for 30 days.

After 30 days, if the urge of buying stays then buy it or else don’t buy. Thus, saving you from unnecessary spending habits.

What are the 7 types of budgeting methods?

The 7 types of budgeting methods are as follows:

  1. The Balanced Money Formula or 50:30:20 Ratio Formula
  2. Cash-Only Spend Formula.
  3. Zero-Based Formula.
  4. 6o:10:10:10 Ratio Formula Or 60% Solution Formula.
  5. Automated Banking Formula or No Budget Formula.
  6. Value-Based Formula.
  7. Mixed Formula.

What is Cash-Only Spend Formula in Budgeting?

In Cash-Only Formula, Define your expenses and categories of spending. Then you withdraw money from the bank and put them in each envelop matching the category.

What is Zero-Based Formula in Budgeting?

Zero-Based Budgeting is where the money you have in income matches exactly what is going out of your account.

What is the 60% Solution method of budgeting?

In this method, you allocate 60% of your income to committed expenses. Then divide the remaining 40% into slots of 10% each. Allocate each 10% to long-term savings, short-term savings, retirement, and leisure expenses.

What is the “No Budget” method of budgeting?

No Budget method involves paying attention to your bank account balance. You don’t need to track your expenses. All you have to do is to automate payments from your bank accounts for each expense.

What is the Value-Based formula of budgeting?

In the value-based method, You define your values and based on those values or priorities you spend on each category.

What is the Mixed Formula of budgeting?

This constitutes of all the above 6 methods depending upon your requirement. It involves research to know what exactly you want out of your budget.