Payroll Budget (Excel XLSX)

BENEFITS OF THIS EXCEL DOCUMENT

1. A professional template to forecast and analyze employee costs
2. Incorporates granular inputs
3. Produces detailed reports and summary

PAYROLL EXCEL DESCRIPTION

This product (Payroll Budget) is an Excel template (XLSX) with a supplemental PDF document, which you can download immediately upon purchase.

Payroll expenses and employee costs in general form an important and material part of a company's budget. This template built on the highest professional financial modeling standards will help you calculate future payroll expenses.

The calculations include:

•  A transparent and convenient input section. You just need to enter employee salaries or hourly wages, start and end date (where defined), target bonus, annual indexation, overtime wage adjustment etc.
•  Separate analysis for hourly and salaried employees
•  Calculation of income tax on a graduated schedule
•  Recruitment costs
•  A summary outlining employee expenses by main categories

The budget is made on a monthly basis but there are separate section grouping the numbers by year.

The template is very flexible and can be adjusted to your requirements quickly:

•  You can change the total period covered by the budget (currently three years) and the interval (currently set to one month).
•  You can add as many employees as needed.

The template can be used on a stand-alone basis (to make just a payroll budget) or as part of a larger budgeting package. It can also be incorporated into investment analysis models.

The template is accompanied by a text guide with detailed explanations.

Source: Best Practices in Payroll Excel: Payroll Budget Excel (XLSX) Spreadsheet, Andrei Okhlopkov