![]() Oftentimes tedious tasks take up precious time you could instead spend on actually working or developing your business. Small businesses require a lot of dedication and determination to become successful. The spreadsheet template in this article allows you to add the date, type of count money when in or out from, a description of the transaction, and its amount (income or expense) The Balance column will automatically calculate the current balance for your small business. Get started for free Get started for free How to fill out the spreadsheet for income and expenses You can print the PDF template for income and expenses if you wish to have a paper log for your small business transactions and fill it out manually.Īutomatic mileage tracking and IRS-compliant reporting. You can copy the sheet for each month, or continue adding rows for expenses throughout the quarter or year. Simply delete the examples in area B10:G14 and start adding in your transactions. The formula in the Balance column is set to calculate the balance after each indicated transaction. ![]() The Google Sheets and Excel spreadsheet versions of the small business income and expenses template contain a few examples of income and expenses. ![]() It is also helpful for your own benefit, for a simple overview of your business’ financial situation.ĭon’t forget to keep receipts and invoices of all business expenses, in order to claim them and lower your taxable income at tax time. It will come in handy at tax time when you can easily look over your money in and out for the year back. Prefer the analogue way? Print your template and you can keep it on your person, or fill it out at home each day.Īn income and expense sheet is a monthly or yearly record of your business-related expenses that you will need in order to keep track of your small business expenses and income. If you use an Excel spreadsheet or a Google Sheet, you will be able to log your small business income and expenses on the go, from your phone or computer. Get the free small business spreadsheet for income and expenses Making this process easier will save you time and headaches, and the simplest way to do that is by using an already set-up template. But remembering to do so on a daily when you have multiple other things to take care of and run your business may be hard. Recording your business income and expenses is vital for every small business. How to fill out the spreadsheet for income and expenses How to use the income and expenses small business spreadsheet The Weekly Expense Report template provides a way to include more details and more expense categories.Get the free small business spreadsheet for income and expenses The Business Mileage Tracking Log lets you keep track of daily mileage for record keeping and reporting. Our Reimbursement Form template is great for general employee expense reimbursements (for non-travel expenses). ![]() For an official and detailed list that includes explanations and examples, we highly recommend visiting the Business Travel Expenses page on IRS.gov: ) Other Helpful Expense Report Templates We've based the expense types in our templates on these common expenses. Some of the most common tax deductible travel expenses include: flights, car rentals, mileage, uber rides, lodging, meals, tips, dry cleaning and laundry. What business travel expenses are tax deductible? Place an "x" in this column (or check the box in the Google Sheets version) if you want the amount to be added to the "Amount to Reimburse" total. Update : I've added a new worksheet to this version of the expense report that lets you mark specific expenses "to be reimbursed" in case you use both a company card as well as personal money. There is also a designated place to specify the rate for mileage reimbursement.įor a blank, printable expense form that you can fill out by hand, simply remove the sample data and fill in the information you want printed. The expense type can be selected from a drop-down that is easy to customize. The Simple Expense Report template uses one column for all expense types.
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