Budget for Brightwater Analytics, Customer Success team
Period: 1 January to 31 December 2027
Currency: EUR
Prepared by: Henrik Larsen, Finance
To be approved by: Maria Silva, General manager
1. Purpose
To pay for a team of 6 and the tools they need, and to support growth of 15 percent.
2. Assumptions
Revenue grows 15 percent.
Salaries rise 4 percent from 1 April.
No new hires before July.
Costs in other currencies at today's rates.
3. Income
| Income | Budget | Last period | Note |
|---|---|---|---|
| Subscription revenue | 1,800,000.00 | 1,560,000.00 | Growth of 15 percent |
| Services and training | 250,000.00 | 230,000.00 | Two new training packages |
| Partner commissions | 40,000.00 | 35,000.00 |
| Total income | 2,090,000.00 |
| Total last period | 1,825,000.00 |
4. Costs
| Cost | Budget | Last period | Note |
|---|---|---|---|
| Salaries and benefits | 1,200,000.00 | 1,100,000.00 | Raise from 1 April |
| Software and tools | 180,000.00 | 150,000.00 | New analytics licences |
| Marketing | 250,000.00 | 200,000.00 | Two events |
| Office and travel | 140,000.00 | 135,000.00 | |
| Training and other | 30,000.00 | 25,000.00 |
| Total costs | 1,800,000.00 |
| Total last period | 1,610,000.00 |
5. Result
The result is total income minus total costs, from the two tables above. A positive result is a surplus, a negative one a shortfall that needs a plan.
Reserve for surprises: 100,000
6. Risks
A large client leaves: 8 percent of income.
Costs in dollars rise if the euro weakens.
Hiring takes longer than planned.
7. Follow-up
Finance sends a report each month. Any line more than 10 percent over needs approval from the general manager.
After the period, compare the real figures with this budget line by line and write down why any line differs by a large amount.
Approval
Prepared by: ______________ Date: ______________
Approved by: ______________ Date: ______________