In this case, small businesses can use a free business expense tracker or template. If you have a business with many employees, sales, and tax considerations, an app is ideal.įor some small businesses, however, paying a subscription fee for an expense tracker may not be feasible in the beginning.
Fortunately, business expense tracking apps make the job easier. But, it’s one that all companies–from “mom and pop” shops to international enterprises–must do. Thanks to everyone for the awesome feedback received.Įdit #4 (Apr-15-2018 12PM): I've also posted a Google Sheets version after receiving a few requests.Small business expense tracking can be a tedious task. Tweaked the rank function on the "Chart Backup" tab so account for duplicate dollar amounts and made a few cosmetic tweaks. Fixed an error on the "Chart Backup" tab.Įdit #3 (Apr-15-2018 Uploaded version 4 of the spreadsheet. Thanks!Įdit (Apr-14-2018 Uploaded version 2 of the spreadsheet, which now has a max of 40 expense categories (up from 25).Įdit #2 (Apr-14-2018 Uploaded version 3 of the spreadsheet.
I think that budget tracking is the single most important thing for people to do if they want to take control of their finances.įinally, if you have any comments, suggestions, or questions, I would love to hear them. You do not need to link this to your bank accounts, so data privacy is not an issueĮxcel is awesome! All calculations are auditable and transparent On the dashboard, you can easily toggle between viewing different time periods (last 1 / 3 / 6 / 12 months, year to date, custom), and can also select an individual expense category to isolate and see how it has trended over time You have the flexibility to change the categories used to label your expenses (e.g., restaurants, going out, gym, debt, etc.) and income In my opinion, this is a good tool for the job because:Įxpenses and income are entered in a simple way
You can find the excel template spreadsheet and a guide on how to create your own version of this file here. I wanted to share the underlying template so that others can use this tool if they'd like. I've been tracking my budget for nearly four years, and recently added some dashboarding functionality.
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