Now how to list up all the elementary reasons of spending money is just simple for any business. Classify the type and nature of business expenses if its capital or revenue expense and also define the repetitive cycle of the expense.

 

This sales quotation  excel template can help you regarding dealing with office management.

After you have made reasonable divisions of these expenses, now you can easily make a calendar based chart and by aligning columns with respective headings, you may write these expenses into total classes.

 

Sales quotation Template help in Expense Budget Planning

 

Below are some of the common categories you can create for expense management

 

1.       Make a list of raw materials of inventories and put all the expenses for concerned reason in it

2.       Similarly make a column for overheads and put all utility bills

3.       Transportation and maintenance charges, lubrication and equipment expenses in it

 

Like these common types, there are some other classes like monthly salaries, daily wages and taxes.  It is extremely important to make classes and refer these expenses to their corresponding entry row or column to avoid any financial mess.