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At some stage these prime bookkeeping documents need to be processed. Processing the financial documents related to a business enterprise basically means they need to be listed. For taxation and financial control purposes the invoices also need to be added up and analyzed. The most basic method would be to simply make a list of the sales income and a second list of the purchase expenses. Using a manual method of listing the information falls short of the analysis required and is more time consuming that using a little technology to both ensure the summation is accurate and the analysis simplified.
In other words there is no cookie cutter approach because each potential investment has different profit and loss drivers. One of the first things to consider is what kind of data you have to work with in your cash flow template Excel spreadsheet. Ideally you re looking for accurate monthly data including income statement items like revenue and operating expenses and balance sheet items like equipment purchases and cash from financing activities. If you have a longer time frame you can go with quarterly periods but annual tends to be too long. After all how can you predict what is going to happen beyond 5 years with any accuracy unless you re valuing an annuity? Next how much detail do you need in your cash flow template Excel spreadsheet at the individual line item level? Is cash from financing sufficient or do you need equity financing debt financing interest earned etc.
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Find reliable Open Source tools in time-keeping and other freeware apps in payroll management that won t likely infect your PC with Trojans. Alternatively you can customize an Excel spreadsheet template into your own time-keeping sheet which you can further configure to automatically update data in other sheets. For example every time the employee logs in or out from the time-keeping sheet the corresponding total number of hours worked by that employee was also updated in real-time within your current payroll sheet. Moreover you can add security to your time-keeping data by installing and running macros that prevented unauthorized editing of the logged times and dates.