It would be great I you overestimated your budget just a little bit, especially if the business is a new startup. Plus, Smartsheet’s powerful collaboration features allow you to attach files, set up reminders, and share your budget with key stakeholders. Smartsheet is a work management and automation platform that enables enterprises and teams to work better. Its pre-built personal budget template makes it even easier to create a budget, conduct monthly check-ins, and improve accountability. In this template, input your monthly budget and then track it against your monthly actual spent. With pre-set formulas in place, you will see your annual total, annual budget, and annual variance automatically calculated as you make changes to budget items. “Being able to photograph receipts and no longer worry about submitting paper reports to their managers, has been an incredibly positive experience for both our employees and for us in finance.”. The estimation of financial budget in any firm is crucial because it offers reliable information about the necessary changes that are taking place in the firm. Also, financial analysis can offer great information about stability and state of a firm in financial market.