Free Retail Budget Template
Retail Budget
Use this budget to track and manage financials for retail operations and marketing campaigns. It includes categories with projected vs. actual amounts, variances, and notes on performance or spending changes to ensure alignment with business goals.
|
Category |
Description |
Projected Amount |
Actual Amount |
Variance |
Notes |
|---|---|---|---|---|---|
|
Product Procurement |
Costs for purchasing inventory, including shipping |
$10,000 |
$9,000 |
-$1,000 |
Below budget due to discounts on bulk purchases |
Budget Overview
1. Technology & Software
|
Category |
Description |
Projected Amount (USD) |
Actual Amount (USD) |
Variance (USD) |
Notes |
|---|---|---|---|---|---|
|
Point-of-Sale (POS) Systems |
Subscription and maintenance costs for POS software |
$1,000 |
$950 |
-$50 |
Slightly lower due to fewer updates this period |
|
E-commerce Platform Fees |
Monthly fees for website hosting and online sales tools |
$1,200 |
$1,250 |
+$50 |
Small increase in platform usage |
2. Inventory Management
|
Category |
Description |
Projected Amount |
Actual Amount |
Variance |
Notes |
|---|---|---|---|---|---|
|
Inventory Purchases |
Cost of replenishing stock based on demand projections |
$20,000 |
$22,000 |
+$2,000 |
Increased demand for top-selling items |
|
Inventory Storage |
Fees for warehousing and storage facilities |
$3,000 |
$3,500 |
+$500 |
Higher volume of goods required additional space |
3. Customer Service & Support
|
Category |
Description |
Projected Amount (USD) |
Actual Amount (USD) |
Variance (USD) |
Notes |
|---|---|---|---|---|---|
|
Customer Service Staff |
Wages for customer service personnel |
$3,500 |
$3,200 |
-$300 |
Staffed at reduced levels during off-peak hours |
|
Customer Support Software |
Subscription costs for helpdesk tools |
$500 |
$550 |
+$50 |
Additional tools for improved customer service |
4. Store & Facility Management
|
Category |
Description |
Projected Amount (USD) |
Actual Amount (USD) |
Variance (USD) |
Notes |
|---|---|---|---|---|---|
|
Rent & Lease |
Monthly rent for retail stores and warehouse space |
$4,000 |
$4,000 |
$0 |
On budget |
|
Utilities (Water, Electricity, etc.) |
Monthly utilities for store and warehouse |
$1,200 |
$1,350 |
+$150 |
Higher electricity costs due to summer usage |
5. Sales Commission & Incentives
|
Category |
Description |
Projected Amount |
Actual Amount |
Variance |
Notes |
|---|---|---|---|---|---|
|
Sales Commissions |
Commissions for sales associates |
$2,000 |
$1,800 |
-$200 |
Lower commission payouts due to lower sales |
|
Incentives & Bonuses |
Bonuses for exceeding sales targets |
$1,500 |
$1,600 |
+$100 |
Slightly higher incentives due to exceeding goals |
