Available in:

OnDemand Course

Creating and Managing a Budget in Excel®

Learn how to build business budgets in a logical and structured manner.

A sound business budget can help you effectively manage resources. Budgeting provides a systematic way of reviewing estimated results with actual results and setting realistic goals. An Excel spreadsheet is a valuable tool for managing these results. When building your budget, the first decision you need to make is whether you want to use an Excel template or build from scratch. Either method has pros and cons. Using a custom template gives you a structure from which to work. However, some of Excel's templates are now outdated. In this topic, you will learn how to build a budget from scratch using today's best practices as we explore templates and how they work. Learn how to build business budgets in a logical and structured manner, apply today's visual techniques and interactive spreadsheets, use conditional formatting to highlight variances to your budget, and create sparklines to show trends over multiple periods. This material will also provide a demonstration of what-if scenarios.

59 minutes
Course Exam
Certificate of Completion
Purchase Options

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Process of Budgeting

  • Tool to Plan and Control
  • Operating Budget
  • Financial Budget

Excel Templates

  • Researching Online
  • Customizing Built-in Templates

Building Your Budget

  • Setting up Sections
    • Profit and Loss
    • Income
    • Expenses
  • Creating the Worksheets
    • Data Entry Table
    • Summary Page
    • WhatIf Scenarios

Importing Data

  • PowerPivot and BI Desktop
  • Data Shaping and Cleaning

Interactive Workbook

  • Automate Totals to Profit and Loss
  • Highlight With Conditional Formatting
  • Visualize With Charts
  • Forecast Tool
  • New Tools
Purchase Options

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on January 18, 2022.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ASAP PACE 0.1
     
  • This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
     
  • IAAP 1.0
     
  • All education that aligns with the CAP Body of Knowledge can be used toward recertification. Lorman Education Services believes this course does align and should be counted toward recertification. Please visit IAAP's certification webpage to review recertification details and requirements. https://www.iaap-hq.org/page/CAP_Recertification. Course Length: 1.0.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lauritta Sowa

Lauritta Sowa

WiseOwlOps, Inc.

  • Has mastered Microsoft Excel and data management
  • Has been teaching and assisting businesses for over 20 years
  • Specializes in analysis and problem solving
  • Conducts regular seminars and workshops on a variety of financial, accounting, analytical, and problem-solving topics
  • Her clients include Fortune 500 and international cliental
  • Holds a finance degree
Purchase Options

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 409231
Published 2022
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!