With an Excel spreadsheet, you can standardize your expense tracking process to save and view all of your expenses in the same location. They’re going to run into expense reporting problems sooner or later. Suppose George from sales jots down his expenses on diner napkins and Betty from HR plugs expenses in a Notepad file on her computer. You can visualize expense tracking in one place With accurate expense data in front of you, it’s much easier to make informed decisions about your business.

You might analyze your existing expenses and compare that against product estimates from food service wholesalers. And having expense information distilled into an easy-to-follow spreadsheet is a critical step.įor example, let’s say you own a bakery and you’re trying to make a decision about whether shopping locally for your ingredients is saving you money. Knowing more about your business’ expenses lets you make better financial decisions. Let’s take a look at some of the key benefits of using a Microsoft Excel spreadsheet for your business expenses. You won’t miss anything.4 reasons to use an Excel spreadsheet for business expenses Monthly Budget Template Features Summary:

It also includes cool summary charts and easy navigation. You will be able to see the balance and expense distribution in this nice dashboard. Press the (+) sign to get additional rows so that you can write the sub-expenses of each and then get the Total Expenses at the end.įinally, in the Dashboard section, the monthly budget worksheet will show your status. Secondly, in the Expense table, there are lots of expenditure categories that you can modify according to your own special needs. Once you do that the monthly budget template will automatically Total Income for you. Incomeįirstly, you will type in the date you take the money income, description of the item, and the actual value. The template is consists of 3 main sections:īefore starting Dashboard, enter your expenses and income items for a month.

You can use this Monthly Budget Excel Template for personal financial planning. And to do so, having a pre-made Excel budget worksheet is a good idea. Because making a budget plan will help you to have a strong financial situation. You should know where your money is going each month. All of us need to make a budget every month unless your father is Warren Buffet or so.

Free online excel budget templates