Use the cash flow tab to record transactions and monitor your cash balance. A cash flow statement is important to provide a good picture of the inflow and outflow of cash within your company. It shows where the money came from (cash receipts) and where the money went to (cash paid). Use a cash flow statement template, in conjunction with your balance sheet and income statement, to provide a comprehensive look into the financial status of your company. This cash flow template includes two additional worksheets to track month-to-month and year-to-year cash flow. This basic cash flow statement tracks the movement of money in and out of your business and compares financial data between time periods.
- This trial balance worksheet compares beginning and ending balances on each of your financial accounts based on debit and credit transactions over a given period.
- The template provides a running total each time you enter a new invoice and calculates the total amount invoiced to date.
- Excel already has a great variety of Invoice templates included in their system.
If you’ve added or removed accounts from the Chart of Accounts, make the same changes to the Income Statement. For instance, if you don’t track “Gas & Auto” as an expense, delete the row. Before we get started on DIY bookkeeping, download a copy of Bench’s Income Statement Template.
Outgrowing DIY bookkeeping in Excel
If you want a more detailed breakdown, you can either switch to the Income List or Expense List view to visualize your income and expenses grouped by their respective sources and sinks. ClickUp automatically generates a table of contents, which makes it easy to navigate to different sections of the document. Keeping a detailed record of every single business transaction shouldn’t feel like rocket science, even in the absence of accounting software. Whenever you or your team are scheduled for business trips, it’s helpful to have a travel itinerary that lists the details for transportation, lodging, car rentals, meetings and more. Use a simple business travel itinerary template to keep all of these details in one location, and be able to share the details with important stakeholders.
When maintained properly, this bookkeeping spreadsheet template provides a solid foundation for crafting accurate trial balances and financial statements for further analysis and decision-making. Each of these workbooks is made up of separate sheets for each month to track your income and expenses across seven income accounts and 20 expense accounts. While the previous template lets you create budget estimates, this cashbook Excel template lets you record and track your actual income and expenses, so you can stay within the estimated budget as best you can. Set income estimates for the different services you offer and business investments you’ve made. That can range from your base rate to more specialized services like credit card reconciliation and a cash flow statement. You can customize this “menu” to align with your bookkeeping firm’s offerings, and create custom duplicates to send out to potential clients.
Free Call Log Templates in Excel & ClickUp
Before you can start tracking your own transactions, you need to clear the placeholder data. This contains details of every business transaction you perform—the date, a description, the amount, and the account. For related templates, including those for reconciling petty cash and general ledger accounts, see our collection of free reconciliation templates.
- Whenever you or your team are scheduled for business trips, it’s helpful to have a travel itinerary that lists the details for transportation, lodging, car rentals, meetings and more.
- Track the value of your current inventory and determine the cost of goods sold with this inventory tracking template.
- A bill of lading is a document detailing how goods are being shipped from a seller to a recipient.
- As you add amounts received or spent on each item, the template calculates monthly and yearly totals.
Through this way you can keep proper record of all your business activities and transactions in written format that can be used easily in future times when it comes to make financial statements. This budget template includes tabs for recording income, expenses, and cash flow. As you add amounts received or spent on each item, the template calculates monthly and yearly totals.
List cash receipts and cash paid out to view your projected and actual cash position for each month. This statement of account template shows all of the financial transactions that occurred between your business and a customer during a certain time period. The template provides an account summary, including the customer’s previous balance, credits, current charges, balance owed, and due date. Customers also receive an itemized list of charges and credits, including invoice numbers, dates, and amounts.
Free Goal-Setting Templates & Planners in Excel & ClickUp
The Bookkeeping Pricing Template by ClickUp lets you create a custom quote for each client’s needs and ensures you’re paid accordingly. It’s like a menu of different charges and services you can offer to your clients. Pivot tables allow you to visualize and summarize your accounting info. By the end of every month, the Income Sheet should have all the data it needs to summarize your bookkeeping for that period. Likewise, if there are any transaction categories you need for your business that are missing from the Chart of Accounts, you should add them. Microsoft Excel (and its simpler, online cousin Google Sheets) is adaptable.
On the other hand, the timeline view lets you visualize task durations, and the Gantt view takes this further by displaying task flow and dependencies. Use this template to strategically focus your resources on nurturing strong relationships with your top clients. You can assign tasks to team members and set task complexity and priority levels. And of course, ClickUp doesn’t disappoint when it comes to offering dynamic views for visualizing progress. The Kanban view makes it easy to move tasks from start to completion.
Add or remove accounts from the Chart of Accounts
Later, you may prefer to use a different template, or even create your own. But when you’re getting started, the Income Statement Template is tidy and approachable. And it has everything you need to get a grasp of single-entry bookkeeping in Excel.
ClickUp Accounting Template
Additionally, this template looks professional and is customizable to match your needs. For any company providing goods or services, using an invoice that looks professional and can be customized to fit your needs, is important. Add your company details and payee information, provide an itemized list of the description, quantity, and price of each item you are charging for, and include directions on how your customer may remit payment. Track the value of your current inventory and determine the cost of goods sold with this inventory tracking template. List physical inventory by item number, name, description, type, and location, and record purchases, including purchase dates, vendors, and prices.
Here is our list of the top 10 templates for bookkeeping—they will help you stay on top of your financial position all year round. Every company should have a process in place to manage the outstanding balances owed to them. Using this accounts receivable template will help streamline the process by providing a place for you to track the amounts due to your company and help prioritize collection efforts.