Electricity Bill Template
Both the hardcopy columnar pad and an electronic spreadsheet version of my financial books were accepted by Revenue Canada. (BTW the audits disclosed more ways for me to claim back additional taxes for the previous three years! Now that s my type of audit!) In your new start-up business venture you likely will generate somewhere between 10 to 30 accounting transactions per month. These transactions would be items like Expense Revenue (sales) Liability (Loan) type transactions and Sales Tax (Federal + State/Provincial) Collection/Deductions. These transactions are further broken down into various Business Accounts.
Listing the sales and expenses of a small business on spreadsheets is no more difficult then a manual paper system and has tremendous advantages in automating and ensuring accuracy. Hence the use of bookkeeping spreadsheets to prepare the accounting information required. Instead of listing the items on a paper list the items can be just as easily listed on a spreadsheet which will add up the items as required without the requirement to double check the adding up is accurate. Such a list has a history in accounting term as a sales day book and a purchase day book.
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Here was a spreadsheet that had been created by someone with a good knowledge of formulas and functions. But... it was not obvious at first glance what to do with it. Do I click on one of these buttons? Do I need to enter some data? Where do I enter the data? On closer examination these were the problems that made it difficult to use: - There was no heading or title. - It was very dense in terms of the number of cells showing on screen. - Ranges of cells were formatted in five different colours. What did it all mean? - Help provided was limited to brief comments in some cells and some of these were in hidden columns. - The sections for data entry and the sections for results were not clearly separated. - Macro buttons were square in shape.
Creating this Synoptic Journal is easier to do than you think and requires no prior accounting or bookkeeping knowledge. Are you looking for a Personal Budget Spreadsheet template? Do you need to record your income and expenses in order to determine your intended profitability? A great personal budget spreadsheet will include a list of sources of income; a list of all fixed expenses such as rent utilities telephone; and a list of variable expenses. Find the right consulting firm who can assist you in creating this template and show you how to use it to its optimum so that you can draw the maximum benefit from it.