A family cash flow spreadsheet, also known as a family cash flow analysis, is an excel spreadsheet that works like a pocket guide to your business. It can show you all of the transactions, which are expenses and which are income.
The family cash flow will help you map out your business, track your money, organize your books, and tell you about all of the transactions. This spreadsheet is a little black book with all of the information on it. You can see every purchase, how much cash you are currently bringing in, how much you have on hand, how much cash you need to bring in to keep your business going, and how much money you spend and save.
The first thing you should do when you get a spreadsheet is to put together all of the important information for your business. This includes how much you earn, how much you spend, how much you take in, and how much you owe. This information is all needed for your family cash flow spreadsheet.
Next, you will need to plot all of your data onto one sheet work. You will need to create separate cells for each part of your income and expense. It is a good idea to plot the income into the lower right corner, so you can see that first.
Creating a Family Cash Flow Sheet
Then you will need to include all of the profit. This comes from each transaction. You will need to list the company, the sale price, the tax paid, the profit and the payment of taxes.
Next, you will need to include how much cash you have available at home or in the bank. All of this is crucial to the family cash flow sheet. It can be easy to get carried away with it, but you should make sure that you are adding up the correct figures.
You will also need to add the current income and the amount you expect to bring in over the next week or month. The current income is an average amount you have brought in, so you can use this to find out where you are currently in the process. If you anticipate going downhill, then you will need to adjust the amounts for the other income.
You should also include any payments that need to be made, such as rent, bills, personal loan, medical expenses, and anything else that need to be paid. Any extra money that you have is due to be paid out as cash, but you might consider using an escrow to pay your personal loans. You should be careful when planning to pay for all of these types of expenses through escrow, because if something happens to the escrow account, then you could lose your entire escrow balance.
Another tip for your family cash flow spreadsheet is to set aside a column for the depreciation. You should think about the condition of your vehicles, and any furniture. By including this column in your family cash flow sheet, you will know what the down payment on a new car will be, how much money you will be paying for a new refrigerator, and how much cash you can expect to save on a variety of other items.
Lastly, you need to make sure that you have included your current debts. Your monthly credit card payments, student loans, and other personal loans are necessary to include. It is important to figure out how much you have left to pay your outstanding debt, because this is an indicator of what you will have to work with when you start to have some extra money.
Hopefully by now you have a basic family cash flow analysis. All of the important details are included for your review, and you will be able to compare it to what your competitors are doing.
Hopefully this article has given you a few tips for creating a useful family cash flow spreadsheet. To learn more about the business, or if you have questions, please visit my website. PLEASE SEE : facebook ad tracking spreadsheet
