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Budgeting
Budgeting
Note! Use the template below to gather budgets from all departments in one, collective sheet. You can create a copy of the template, and share that with all departments of the organisation. That way, all departments will always be able to see the most updated version of the budget across the entire event organisation.
When creating your event budget, you need to estimate both your expenses and your sources of income. Your estimated budget tells you whether there is a chance of reaching your financial goals or not. Ultimately, whatever results you get from your estimated budget can make or break your entire event. Read more about finances in events here.
In order to give you a head start, we have created an Event Budget Template which includes all the relevant categories you need to get started on your detailed budget. The template includes three sheets:
Overview of expenses
Overview of income
Profit-loss summary
Start by estimating all your amounts, and when you actually start executing your strategy, you can activate the "Actual Costs" and "Actual Income" columns to get a full overview.
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