A billing statement is issued to your clients to show their activity with your business. It describes the products or services offered, their costs, and the client’s account balance. Also, it helps to settle any issues the client may have with their accounts in your business. A general ledger is the master accounting report of every business. It brings together your assets, liabilities, income, expenses, and everything else that tells you where your business currently stands.

It is an excellent introduction to using an online resource, but it lacks several resources you may need as your business grows. If your small business has employees, this could be the highest cost and an account you can’t ignore when doing your books. The purchases account should also be something you look at when doing your books. This is where you track any raw materials or finished goods that you buy for your business.

Spending Tracker in Excel (Striped)

If you are a small business owner, you can select from a range of retail business accounting templates to get started. With our easy-to-use Accounting Template, you can consolidate all the accounting information and workflows in your business to manage everything on a single dashboard. This empowers you with a bird’s-eye view of all your finances. You’ll be able to automate financial reports, keep track of spending, set up spending alerts, and you’ll always know where you are in relation to your budget and income streams. A huge benefit of using cost accounting templates is that the cost data you’re inputting is often dependent on other variables. That means your data in one cell may go up or down based on the number you place into a different column — which can get complicated fast.

The balance sheet template can be used with the other bookkeeping spreadsheets such as the income statement to perform a comprehensive analysis of your business finances. These accounting templates are also available in excel and google sheets. When small business bookkeeping choosing your accounting software, you’re going to want to pick something with certain basic accounting features. Your choice should allow you to manage a balance sheet, do your basic bookkeeping, allow for simple information entry of your revenue.

Daily Expense Tracker in Excel (Blue)

They are a vital tool, which should be easy to use and save you time. At their best, templates are a great tool for increasing productivity and letting you focus on tasks that are more complicated. Excel templates for accounting and bookkeeping can boost productivity and save time.

Keeping accurate records is the key to a good bookkeeping system, and this sheet is imperative for reaching that goal. For paper receipts, either keep them filed, either by date or alphabetically, or snap a photo of them and store them electronically with your other e-receipts.