When I started looking for a “perfect” income and expense tracking spreadsheet program, I wanted to find one that made use of Excel. Then I wanted a program that was quick to work with, easy to use, and that would allow me to enter new information at any time. I wanted a spreadsheet that could easily be set up to fit my needs and wouldn’t take too much of my time.
I eventually settled on a program that allows me to run multiple spreadsheets in a day. This also means that if I am doing an annual business expense report, there is no need to download and install a new program for each of the days that I am making a change.
How do you think it would be to have all of your expenses and income tracked for you in a complete expense tracking spreadsheet program? You would have access to a single program that allowed you to track your books for the year, as well as tracks how much money you are making and what percentage of your sales are coming from profit. Your expenses and income would be at your fingertips in a simple and straightforward interface.
Income and Expense Tracking Spreadsheet Software
But you know what, the problem is that the programs out there today are not very effective. They all claim to be as good as the next, but they are rarely that effective. Most of them are not user friendly, and they are hard to understand when you first start using them. They all seem to have their own built in problems that have to be overcome, or you will spend more time trying to get it to work than actually getting your business profitable.
The problem with using spreadsheets to keep track of your income and expenses are that you must rely on them to calculate your total expense amount. Not only that, but you must use the same application for both your business and personal expenses. And that can get confusing, especially if you find that you have different names for expenses such as travel, meal, and entertainment.
There are spreadsheet applications that are designed specifically to help you stay organized and prevent you from making the same mistakes that I made when using a tracking sheet for the first time. This is true for managing your day to day expenses and income, and I want to give you a little more information about a couple of the best programs for this purpose.
First off, let’s talk about a program called Quicken that comes with Microsoft office which is a great program for creating a daily expense report. The biggest advantage to using this type of program is that it is just one click away. It can be used right from your desktop, allowing you to keep track of your earnings and expenses at all times, without the hassle of constantly downloading another program.
The drawback is that because it is a new program, it is only compatible with certain fields. In addition, some of the fields that it is able to keep track of are only in certain languages. However, it does offer one feature that is a bit more flexible, allowing you to record your income and expenses in the following way:
Here, the income and expense are shown as two separate columns which are in the following format: Dividends, interest, capital gains, or rent are shown in green, personal expenses like travel, car expenses, and miscellaneous expenses are shown in red, and your net income is shown in yellow.
Another big challenge I had when I first started using this application was dealing with time zones. I love Google Sheets and use it every day for my daily work, but I did not know how to import data from time zones. Luckily, I found a program called My Time Zone which allowed me to import data from the time zone I was at and help me track my income and expenses during my time zone transition.
So if you have a problem with time zones and have problems keeping track of your income and expenses, then a tracking sheet for the business might be the best solution for you. I hope these two programs will help you better understand the software and make your tracking efforts easier.
Remember, most people don’t know what to do in the economic downturn. I think the best advice would be to stay positive and figure out the best way to deal with financial trouble you encounter. YOU MUST SEE : income and outcome spreadsheet
