Payroll Budget Plan Excel Template

A professional template to budget payroll expenses

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Payroll expenses and employee costs, in general form, are 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 sections 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.

File Types:

  • Model Template – .xlsx
  • Text Guide – .pdf

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