Builders Estimate Template
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.
Your business revenue and losses are reported as part of your annual personal income tax. For this small business start-up you won t need to buy fancy accounting software like Quick Books or AccPac to track your business. Only as part of incorporating Bizfare Enterprise Inc in 2005 was it a requirement to engage an accountant. My accountant did insist on using Quick Books software for my business accounting. Up until then using a simple spreadsheet template served my business accounting needs for over ten years. This simple spreadsheet accounting stood the test of multiple audits by Revenue Canada (CRA and Revenue Canada Goods and Services Tax.
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If you wanted to make sure the hours summed up correctly and included all work done during a holiday or the night shift you could take the less expensive route by using custom business software that helps you manage your payroll easily. Instead of spending more by hiring new staff to make sure your employees get paid accordingly why not get custom-made software that s specially designed for your payroll needs? It runs on top of MS Excel which you and everyone else already know to use. And so you and your staff won t need any additional training which leads to its faster implementation in your company s accounting system.
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.