![]() ![]() (You may omit the parentheses around the cells representing the expenses and revenue, but not the outer set of parentheses. The formula for this, for the second entry, reads =IF(A4="","",G3+(E4-F4)) if you're setting the spreadsheet up to track expenses, and it reads =IF(A4="","", G3+(F4-E4)) if you're setting the spreadsheet up to show cash on hand. If you want to keep the cell with the balance empty until a complete entry has been made, you can use an IF statement in the formula so that if a date hasn't been entered, the balance cell won't display a value.The parentheses around the cells representing the difference between expenses and revenue aren't necessary they're included just to make the formula concept a bit clearer.If you're setting the spreadsheet up to keep a running tab on your cash on hand, the balance formula would be =G3+(F4-E4).If you're setting the spreadsheet up to look primarily at your expenses, the balance formula would be =G3+(E4-F4), where G3 is the cell representing the previous balance, E4 is the cell representing the expense and F4 is the cell representing the revenue.Because the second and subsequent entries will keep a running balance, you need to add the result of the difference between the expense and revenue to the value of the balance for the previous entry. Home Budget - Our original selection of home budget worksheets.Enter the balance formula in Cell G4.To ensure your team is taking steps in the right direction, use this SWOT analysis for your business every few months. As your business grows, it’s essential that your team grows with it. Family Budget Planner A yearly budget planner, with the same categories as the household budget spreadsheet. Use this free template to plan out the next few months of content for your business.Household Budget Spreadsheet (monthly) - More detailed and includes child expenses.Personal Budget Spreadsheet The 12-month version of the above spreadsheet.Money Manger - A more advanced budget management tool for Excel.After making a change, you should check the formulas to make sure they are still correct. If your Net is negative, that means you have overspent your monthly budget.Īdding or Removing categories: You need to be careful when adding or removing categories, to avoid messing up the formulas used for calculating the totals. The Monthly Budget Summary table in the upper right of the worksheet totals up all your income and expenses and calculates your Net as Income minus Expenses. So, if you spend more than you budgeted for, the value in the Difference column will be red - to help it stand out as a warning. The spreadsheet uses the accounting format where negative numbers are in parenthesis like (115.00), and conditional formatting is used to make the negative numbers red - red means bad in this case. The calculations in the "Difference" column are set up so that negative numbers are bad. Using the Personal Monthly Budget Template See our articles Make a Budget and 5 Basic Budgeting Tips if you are just getting started or new to budgeting. At the end of the month, you record in the "Actual" column how much you really spent during the month.įor a more detailed set of budget categories, see the Household Budget worksheet. This represents your goal - you're trying to keep from spending more than this amount. You record your desired budget for each category in the "Budget" column. The purpose of this type of budget worksheet is to compare your monthly budget with your actual income and expenses. Some numbers are included in the Home Expenses category as an example, but you'll want to replace those numbers with your own. To use this template, just fill in numbers that are highlighted with a light-blue background (the Budget and Actual columns).
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