Simple Accounting Spreadsheet For Small Business

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This is a Microsoft Excel double-entry accounting system spreadsheet for any retail company. In accounting, double-entry bookkeeping means that each financial entry in an account (mainly in journals) requires corresponding and opposite effects in at least two different accounts. It is used to provide the equation Assets = Liabilities + Equity where each entry is logged to maintain the relationship. With this method, you get all the required financial data balance values. However, accounting knowledge is required in order to enter all information in the correct accounts. People will be confused if they don’t know the basic terminology, as the debit and credit classification can be different for each type of journal.

Simple Accounting Spreadsheet For Small Business

There are many accounting software you can use for these accounting entries and for reporting purposes. However, only a few of them use Microsoft Excel as a basis. Also, most require macros to be enabled; this is inconvenient if people plan to move the spreadsheet between different OS and Excel versions. This accounting system table does not use macros or any VBA code. However, you still need to understand the basics of accounting to use them properly and make minor adjustments to fit your company’s finances.

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This ledger is intended for recording trade/retail company data. If your business or business is related to this type of company, you may find this program is right for you. Businesses that may fall into this category are essentially stores or distributors who buy and sell products at set prices at which they deliver the products by profiting from the price difference. Therefore, they will see a portion of the cost of sales in the relevant financial statements.

In order to use this table correctly, basic accounting knowledge, especially double-sided accounting knowledge is required. While all data entries will be processed automatically, entering transaction data in the wrong places can lead to inaccurate miscalculations and give you inaccurate financial data.

All tables are linked in this main table. It should make it easy for you to access all tables by clicking the appropriate buttons. All the buttons are arranged like a flowchart that should remind you of the next task.

This spreadsheet is equipped with formulas as all inputs will be processed and calculated to produce the financial data that should be useful for analyzing your company’s performance.

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There is one public log and four special logs to help you log all transactions. They all have similar formats. Enter and balance the data in the appropriate journals (note that this accounting statement uses the double-entry bookkeeping method).

You can specify the company account you want to display in the balance sheet report. And the corresponding values ​​will be calculated and displayed automatically. All data will be calculated based on log entries.

You can also create your own balance sheet report. There is a worksheet where you can create your report manually.

You can specify which company account you want to see in the profit and loss statement as in the balance sheet. And the corresponding values ​​will be calculated and displayed automatically based on the log entries.

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You can choose which method you want to use to view your cash flow statement. There are two methods, the direct method and the indirect method. In both methods, set the accounts you want to see and the corresponding values ​​will be displayed.

You don’t need to type anything in the ledger worksheet. You can follow the debit and credit of the relevant accounts by selecting the account numbers index and viewing the summary.

There is a formula to automatically calculate the depreciation of your company’s assets. You can put all your assets with different purchase dates and usage periods in one table. It should make it easy for you to find values ​​for placement in appropriate journals and reports. It uses the usual straight line method to depreciate all your assets.

There is a formula to calculate CoGS per unit for all your products in a single table. Use the AVERAGE method. It should make it easier for you to import the values ​​you need to enter into the appropriate journals and reports. Excel is a great spreadsheet program, and if you already have it on your computer, you already have the tools to get started with bookkeeping. You can also use the free version of Excel by signing up for a Microsoft account. Zapier wrote about the free version here.

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That means changing the background shading, fonts, and layouts to make it look the way you want.

Beginners can take full advantage of Excel until they are in a position to afford accounting software.

Excel Cash Book is the simplest and easiest way to start recording and tracking your business income and expenses and the bank balance of your daily bank accounts.

Balances are calculated automatically using built-in formulas, so all you have to do is enter the amount you earn or spend and your estimated bank balance will be calculated for you! You can then perform a bank reconciliation at the cash register to ensure that the cash book reconciles with the bank balance.

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This cash book also includes an income statement so you can see if the company is making a profit or a loss each month.

This template is very similar to the cash book above, but includes a balance sheet report so you can keep track of your assets and liabilities and view your business’ finances.

This Excel Bookkeeping Template is a cash book specially designed for tracking credit card revenues and expenses.

This old template is similar to the cash register, but includes sales tax features and tracking of two bank accounts and a credit card.

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Need to issue a sales invoice to your customers? Excel already has a wide variety of invoice templates built into their system.

Click File > New and enter the invoice in the search bar. The same goes for any other templates you might need. You probably don’t need to search the web or use my templates to find them – just search Excel!

Anyway, I made an invoice template and you can click the link to view it and use it to get an idea of ​​what information to include in the template you designed.

This tells your customers how much they owe you and they can contact you for a copy if they lose an invoice for any reason.

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An account statement is the best way to remind your customers that you have sent a certain number of invoices during the month, that they owe you a certain amount and that debt must be paid by a certain date, and if you don’t, that’s it. . If you do not pay on time, you may be charged a certain amount of interest.

Use this table to record all invoices issued by the company to a customer who has an account with the company.

You can track customer payments and make notes on what the customer will say if the company contacts the customer about a late payment.

You should only use this chart if you have purchased goods on your account and you still owe the supplier/seller a payment.

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You would not use this table if you had paid for your goods at the time of purchase – eg. If you paid with cash, debit card or any other method.

If you buy or create inventory items and sell them, you can calculate all the items bought (made) and sold at cost, price, quantity, value, etc. You can use this Excel inventory template to keep track of your records. all.

There is an automatically updated overall inventory report so you can see the totals in one listing and instantly see the remaining quantities and the total value of the current inventory.

This is a very simple Excel workbook that helps self-employed people record income and expense transactions from all sources (bank accounts, credit cards and cash) on any date.

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No need to keep track of exact dates or bank balances. Allows transactions to be recorded in a long list.

There is a summary – just like a profit and loss statement – ​​that groups all transactions into similar categories and gives the total revenue and expenses and the difference between them.

While this particular receipt in Excel is for rent, you can easily customize it to exclude anything rental-related if you need the receipt for other purposes.

There are two versions of this stencil, one has a shaded background that makes it look nice and the other has no shadows, so it saves ink on your printer.

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This cash flow statement is good to use if your business is short of cash and you can only pay the bills when income comes in.

Allows you to enter all received invoices

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