You can also save money by automating the expense reporting process. This lets you focus on your financial goals instead of crunching numbers. When you have a standardized spreadsheet for tracking expenses, you can save time by using built-in formulas to calculate totals and averages. With an Excel spreadsheet, you can standardize your expense tracking process to save and view all of your expenses in the same location. They’re going to run into expense reporting problems sooner or later. Suppose George from sales jots down his expenses on diner napkins and Betty from HR plugs expenses in a Notepad file on her computer. You can visualize expense tracking in one place With accurate expense data in front of you, it’s much easier to make informed decisions about your business. You might analyze your existing expenses and compare that against product estimates from foodservice wholesalers. And having expense information distilled into an easy-to-follow spreadsheet is a critical step.įor example, let’s say you own a bakery and you’re trying to make a decision about whether shopping locally for your ingredients is saving you money. Knowing more about your business’ expenses lets you make better financial decisions. Let’s take a look at some of the key benefits of using a Microsoft Excel spreadsheet for your business expenses. And while it may seem tedious to track every penny, the benefits are worth it.ĭownload to excel Why use an Excel spreadsheet for business expenses? In short, these spreadsheets help you understand how you spend money.
A monthly expense spreadsheet provides an overview of your total monthly spending.ĭespite the variety of expense tracking spreadsheets, most of them have common features, including: For example, a travel expense spreadsheet tracks travel-related expenses, like lodging and meals. Some of these spreadsheets track specific company expenses, while others provide a simple, high-level summary of your expense history. Specifically, it details the “what,” “why,” “who,” and “how” of spending company money, so for example: Get the template What is an Excel spreadsheet for business expenses?Ī spreadsheet for business expenses is a standardized template that tracks and records a company’s expenses. After that, we’ll review our own Excel spreadsheet for business expenses and show you how can help take the headache out of managing your company finances. First, we’ll dive into a few examples of expense tracking templates and highlight the major reasons why you need one. In this article, we’ll look at the business expenses spreadsheet.
But unless you’re a bigger company with an entire accounting department on hand, you might not have a ready-to-go template for this. And you can compare your expenses with your income in this worksheet also, so you will see the profile of your household financial situation monthly.An Excel spreadsheet for tracking business expenses can keep your finances in order. The third worksheet is the monthly expenses worksheet that will summarize all your expenses monthly. I provide also a credit card box that will help you summarize your credit card usage within a month.
This is useful if you want to compare your income to your total expenses. Even though I put the title "expenses" in the expenses column, you can put your income and select the appropriate category to record your income. Just type your expenses row by row and let the excel formula do the rest of tracking process. You can customize again while you recording your expenses and find there is no suitable category for that expenses.Īfter customizing the category worksheet, you can start tracking your daily expenses in the daily income and expenses worksheet. You don't have to create all the categories in the beginning, since probably you can't remember all. You can simplify the written category if you fill those categories are too detail, or you can customize based on your criteria. Define your group category first, followed by subcategory and category. You can start to customize your spreadsheet by going to category worksheet and define your categories. It consist of three worksheets, category worksheet, daily income and expenses worksheet and monthly expenses worksheet. This is basically just a strip version of my household budget spreadsheet where it is only can be used to track and record your expenses without budget consideration.
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