By . Planning Spreadsheet. At Sunday, June 27th 2021, 01:49:19 AM.
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In your new start-up business venture, you likely will generate somewhere between 10 to 30 accounting transactions per month. These transactions would be items like Expense, Revenue (sales), Liability (Loan) type transactions and Sales Tax (Federal + State/Provincial) Collection/Deductions. These transactions are further broken down into various Business Accounts. All the Accounts you set up for your business is called a Chart of Accounts. Recording your business financial transactions (Journal Entries) can be executed with pen and ink on an accounting columnar pad or electronically with your computer using a spreadsheet program (MS Excel, Open Office, Star Office). Whether you employ electronic or hardcopy media, you need to develop a simple Journal template to create your Business Synoptic Journal. This Synoptic Journal format has the advantage of allowing you a complete view of all your individual journal entry transactions against all your various Business Accounts. Creating this Synoptic Journal is easier to do than you think and requires no prior accounting or bookkeeping knowledge.
Retirement calculator is one of the most useful tool in deciding the future of an employee. These calculators are usually developed by banks, investment companies and advisories involved in helping the individuals to make their money work smartly and safely. Since this tool is developed to provide simple ideas to the customers who can check if the planned strategies work or not, they allow the investors to use it free of cost, before taking an appointment with an expert adviser. The features of these calculators mostly include the current age in the first row, followed by the desired age for retirement, expectancy of your life, current income and expected annual increment in percentage and the amount of investment per year. After providing these information, the next step displays expected benefits after retirement and also the beginning of the age payments. Sometimes, these calculations are also done combined with your spouses income, if both the family members are earning and decide to retire together.