This is also very true when it comes to downloading Excel templates from other countries. The latter is very important because while there are some simple templates you can use, you'll always want to ensure that they're fully adapted to your needs when using them. Unless you have a very specific accounting need that's unique to you, there's probably an accounting template out there you can use or adapt. ![]() Though you may sometimes feel like you're in uncharted waters, you're not the first small business owner or sole trader to have to manage their accounts or do all the bookkeeping. It's very likely that somebody else has already come across every problem you encounter and already have found a solution in Excel to fix it or better manage their accounts. Learn how to start accounting with Excel The Advantages of Using Excel Templates However, once you've got the hang of your accounts and how to create and manage spreadsheets, you should probably download this one. This is one of the more detailed sheets in our list, so it mightn't be ideal for Excel novices. This template also includes a summary worksheet and a year-to-date comparison against your budget estimates. For healthy finances, meticulous bookkeeping will help you make better decisions. Use this template to record your monthly expenses and set up your expense account, including charitable and sponsorship expenses. This is an accounting template that can help you keep a much closer eye on your financial accounts and expenses. Discover Excel's best features and functions General ledger with budget comparison Fortunately, this template is quite easy to modify. Similarly, you can always duplicate the sheet for different years, but this won't automatically allow you to compare each year unless you modify it. If you need something that for across several years, you can always search for other free templates and download them from the Microsoft website and Excel template websites. This particular template is used to keep track of expenses over a year and is divided into months. With this free and simple template, you can create charts and graphs to keep track of your monthly variances, calculate line items, and plan and make business decisions. If you're a sole trader or small business owner, a business expenses template is useful. After all, controlling every expense is an important part of making a profit. This business expense budget template allows users to compare their monthly expenses against their planned business expenses. Learn about the advantages of using Excel for accounting Balance sheets are particularly useful as they can give you a better picture of what's going on with your business to make better decisions. Once you've gotten on top of your bookkeeping and are comfortable with using Excel, you can make this template (and any other) more powerful by changing certain aspects of it to make it more applicable to you and your business. After all, Excel templates are essentially just spreadsheets where somebody else has already done a lot of the work for you. Remember that there's no reason you can't customise any template that you're using. A balance sheet can help you monitor your finances. It can be used to show increases and decreases in net worth, assets, liabilities, etc. This balance sheet template allows you to compare your financial balance across several years. Find out more about using Excel for accounting Balance Sheet Of course, this is just our favourite and you can always search for other cash flow templates for small businesses on the Microsoft site or other Excel template libraries. ![]() In this template, you can set your expenses and create a chart of your monthly balances, which will help you to better understand your finances and create sales targets to ensure your company is healthy. It's always a good idea to keep an eye on your cash flow. This is a simple and accessible cash flow forecast template that can be used to track and predict how much money your business will have and whether or not it'll have enough to meet its financial obligations. ![]() This is a great Excel template that's free to use and great for small business owners and sole traders using the software for their bookkeeping. Let's go! Small Business Cash Flow Forecast
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