Double Entry Bookkeeping Spreadsheet – A Few Examples
A double entry bookkeeping spreadsheet is a useful tool for any business because it provides data about the business with that can be accessed by both financial and business people. A double entry spreadsheet also gives better results because it allows users to add, edit and delete data entries at a time, making it simple to keep up with the spreadsheet’s activities.
A double entry bookkeeping spreadsheet excels in the use of cells for its data entry, and because of this fact, it can be used in a variety of ways. In addition, it is very easy to use and can be programmed in Excel or other applications for its data entry.
For example, a double entry bookkeeping spreadsheet can be used for entering data in the correct sequence from which a budget can be calculated. A payroll company can even be used as an entry bookkeeping spreadsheet and be used to track information from all of the employees for a particular month’s payment cycle.
A business owner could even use a spreadsheet to set aside money in the account and then find out the details of all of the income statement information related to the total amount of profit made by the business over a specified period of time. He can then make the appropriate changes to the payroll system to ensure that the numbers add up correctly.
Another thing a double entry bookkeeping spreadsheet excels at is keeping track of inventory levels, which is a very important tool in ensuring that one doesn’t run out of inventory, especially during the end of the year closing sale season. Another type of spreadsheet might need to be used when a company is preparing for the next big expansion.
As an example, a double entry bookkeeping spreadsheet may need to be used for tracking all of the materials needed to manufacture the company’s new product. Such information includes quantities, requirements, and the cost of each item.
A double entry bookkeeping spreadsheet can be used to do an inventory of any software programs that a company has, for example the number of word processors that are in use, the number of computers, the number of desktop computers, the number of laptops, etc. A spreadsheet can also provide a chart that illustrates how long it will take to install certain computer hardware or software updates for a particular period of time.
A double entry bookkeeping spreadsheet can also be used to monitor a company’s maintenance schedule, whether it is for the manufacturing line or the customer support line. It can give data about the hours worked, who did the work, how much was completed and how much the average employee took home with them for their pay.
A double entry bookkeeping spreadsheet can also track the number of hours of service that a business takes, how many miles were logged and what the fuel costs were for the vehicle used by each employee. This data is great for comparing the cost of doing business with one competitor to that of another.
A double entry bookkeeping spreadsheet can also be used to find out the average vacation time for employees, and if there is a difference between this average and that of their peers, a company could do some research to try to determine the reason for this. A single entry bookkeeping spreadsheet can also be used for this purpose.
These are just a few of the uses for a double entry bookkeeping spreadsheet. Other examples include tracking changes in a company’s software purchases and their prices, tracking repair times, and tracking the number of days it takes to get a product to its customer. READ ALSO : double entry bookkeeping excel