Numerous websites offer sheet templates, either for free download or they charge a small fee. With the free templates, companies or sole proprietors can keep record of more than 1 year. Keep monthly records too. Download balance sheet templates depending upon its features and which operating system it will work with. The templates work with Microsoft Excel and they can be modified according to business demands. Browse through several balance sheet examples to get an idea on how your sheet might turn out and depending on that, choose the sheet template. Alternatively, use online tool Google Docs to upload files and modify it.
In the Operating Expense Budget Section otherwise called OPEX, the details you may include are the following: o Advertising Costs o Delivery Costs o Other Employee Benefits o Insurance o Interests o Office Supplies o Postage o Maintenance and repairs o Telephone and other utilities o Rent and mortgage o Taxes _ There are other operating expenses you encounter and you have to put all of them in the template. Budgeting on a per period basis is likewise necessary herewith. If you are already in operation for a while, you must review the average periodical expenses and budget for operating expenses accordingly. Based on your average monthly or quarterly operating expenses, budget two period when necessary. If this is not possible, use the average based on the past 3 months or three quarters. Ensure that you pickup the highest period cost to ensure that your budgeting is enough to cover any spike on your costs.