Law Firm Budget Plan

Now is the perfect time to prepare a 2010 financial budget for your business. With your new goals in hand you can plan for major changes, and better predict your business’ future.

You can download our Microsoft Excel Law Firm Budget Plan from this website. After the Excel Budget Plan is downloaded, determine which accounts will be needed and which accounts can be deleted. Remember to add unexpected expenses like bonuses, parties, repairs and new purchases. Your budget can be created from scratch or from last year’s income and expense accounts. With this in hand you can project how much you need to spend in the new months ahead and how much sales you must generate to continue operating at a profit. This is easier to maintain if you have an accounting program like Tabs3’s General Ledger. Most professional law software have a built in budget calculator that lets you allocate budget figures for the current year and from the previous year’s income statements. Lastly, don’t get overwhelmed in creating your budget because these numbers are just a forecast of what your business might bring in and spend in the coming year. Being able see what accounts exceed or fall short of your plan enables you to make it a great year.

 Excel Budget Plan (31 kB)

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