Sample Expense Spreadsheet

Tuesday, December 25th 2018. | Sample Worksheets

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Gone are the days when not having the right data is acceptable. Part of the fundamental financial analysis of any company investment security or business project entails the computation of cash flows. This is typically done in a cash flow template Excel spreadsheet which is pre-built for the purpose. The reason for this is that this type of template is not a simple calculator you build on the fly with little effort. It requires a lot of thinking organizing the spreadsheets and formulas and some planning about how to model cash in and cash out for each potential investment.

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.

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That is the second real value of bookkeeping spreadsheets the ability to provide the business with financial information and through that data financial control over the business activities. The first value is of course the simplicity of listing with automated summation of the figures. Small businesses can also benefit from professionally produced bookkeeping spreadsheets that have been specifically arranged not just to produce a list of income and expenses but also in a way that analyze that information in the way the small business requires it.

Businesses generally make extensive use of spreadsheets both in accounting and all other business fields. Being a numerically based system of analyzing information spreadsheets are used throughout every accounting function as the technique presents an ideal basis to maintain accuracy and automate the collection of financial information. Every small business needs to keep records of sales invoices and income received and purchase invoices in respect of expenses. It is not sufficient for accounting and taxation purposes for these receipts and payments to be left in the office or the back of a van in a carrier bag.

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