By . Tracking Spreadsheet. At Thursday, April 29th 2021, 21:23:49 PM.
If you are on a budget or looking to get on one, tracking your finances plays a major role in how successful your budget will be. A personal finance spreadsheet is a great way to keep track of your income and expenses. By using a Microsoft Excel spreadsheet or a Google docs spreadsheet you can easily see exactly how much you are spending and how much you are saving each month. The great thing about personal budgeting spreadsheets is they can easily be modified to fit your budget. You can enter the exact categories you use monthly for your income and your expenses. These categories can be really detailed such as having individual credit cards listed by name or they can be broad such as having one group named credit cards for all your credit card bills.
Therefore, if you know nothing about spreadsheets, perhaps its about time you undergo a spreadsheet training. And training does not have to be too expensive. While attending a seminar or an actual course would be the best method, you can also learn through books and other study guides. It is actually your preference but studies have shown that with most computer programs, people learn better when they are personally coached. Also, just imagine the amount of paper you would be using all year round just to store all of those data and numbers. You can do Mother Nature a good turn by switching to using electronic spreadsheets instead of manual options. And if it is not the ease of use or the speed of the calculations that you are after, at least you would see the benefit of the automatic formatting features that come with any spreadsheet software. Now you can easily have very presentable spreadsheets done for you as you type your data inside the cells. You do not have to worry too much about the look of your spreadsheets, especially if you are presenting these to your clients. These and many other reasons would surely prove to you why using electronic spreadsheets would do great things in your office. That is why if you or your employees are not that skilled with this type of software, then you should get a spreadsheet training today and start mastering this program.
If you have Microsoft Excel, you can create budgeting spreadsheets to help you manage your money. Instead of buying expensive software that will only be used for your budget, spreadsheets can be used for a variety of tasks. If you dont have Excel, you can find free spreadsheet applications online in which to manage your budget. Most spreadsheet applications have built in formulas and functions that will do the math for you so you dont have to. You can keep a running balance of your accounts and you can have each category totaled as well. You can keep it as simple or make it as sophisticated as you please. Once you design the type of budgeting spreadsheets you want to use, it will be easy to copy it for subsequent months or years. You can also use just one sheet and create tabs for each month.