If you are running a business then you definitely need to keep track of the costs and benefits of your business. Without a proper spreadsheet, it is impossible to store all the necessary data and then analyze them. Missing any important cost details can lead to lots of serious problems like making wrong calculations and taking wrong steps for your business.
With this free cost analysis template, you’ll have a very organized set of documents in which you can track of your costs, benefits, savings, and revenue. With our free business cost analysis template, you won’t have that said problem any longer.
Cost Analysis Template
Use for Excel, OpenOffice, and Google Sheets
Our cost analysis template has many components that allow it to be a very useful document or form when it comes to keeping track of your performance as business people or company holders. It has two main worksheets and two other worksheets for instruction and guidance. You can add up to 5 years costs, savings, revenue, and benefits data so that you can compare the data and understand the growth of your business. The most interesting fact about this template is you don’t need to calculate anything. All you have to do is just input the data and our template will do all the maths for you. With this template, you’ll be able to see your total non-recurring costs, total recurring costs, total costs, total revenue, total cost savings, total cost avoidance, total other benefits, and total benefits. At the very end of the cost-benefits sheet, you’ll be able to see the net present value which is automatically calculated for you! Ain’t that amazing?
On the second sheet, you’ll be able to see the summarization of your cost savings, cost avoidance, revenue, and other important information which will be also calculated automatically when you input the date on the first worksheet.
The cost analysis is pivotal in business decision-making as the cost incurred in the input and output is to be carefully understood before planning the production capacity of the firm. Cost-benefit analysis is a relatively straightforward tool for deciding whether to pursue a project. To use the tool, first list all the anticipated costs associated with the project, and then estimate the benefits that you’ll receive from it. Where benefits are received over time, work out the time it will take for the benefits to repay the costs. You can carry out an analysis using only financial costs and benefits. However, you may decide to include intangible items within the analysis. As you must estimate a value for these items, this inevitably brings more subjectivity into the process.