Practice Budget

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Practice Budget

This simple practice budget tool is an easy-to-use tool that can be used to establish an annual budget for your private practice.

In the downloaded spreadsheet tool, you'll fill in the budget (example below) with numbers and line items appropriate for your practice, allowing for calculation of your net revenue, total expenses, and net income. You can view an example version of the Simple Practice Budget below or download a fully functional and printable version of the tool by clicking the link below.

Practice Budget Download (.xls; 201K)

Example Practice Budget
 

Revenue
Gross Revenue		400,000
Adjustments		(72,000)
Refunds		(2,000)
Net Revenue		326,000
Expenses
Salaries		130,000
Benefits		31,200
Total Salary + Benefits		161,200
Advertising/Marketing		8,500
Education/Training		5,000
Meals/Entertainment		2,200
Office Expenses		3,500
Professional Fees		7,200
Professional Supplies		4,000
Repairs/Maintenance		2,000
Travel		1,000
Bank Fees		240
Dues/Subscriptions		1,000
Insurance - Liability		1,200
Insurance - Property		1,200
Lease		30,000
Utilities		6,000
Loan Payments		4,800
Other 1		0
Other 2		0
Other 3		0
Other 4		0
Other 5		0
Total Non-Salary Expenses		77,840
Total Expenses		239,040
Net Income		86,960

Looking for more tools?  Need something else?  Be sure to check out our other free tool downloads below:

Practice Budget (you are here)
Practice Startup Checklist
Breakeven Analysis Calculator
Productivity Tracking Tool
SWOT Analysis Tool

Need help with a tool, or looking for one-on-one assistance with your practice?  We're just a call or click away.  Call us toll-free at (888) 827-5613 or simply contact us online.  We'll have a Vantage professional standing by to answer your questions and get you the assistance needed.

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