Smart Bookkeeping Google Sheets Template for Small Businesses
Track Income & Expenses, Analyze Data with Bookkeeping Google Sheets
Are you a small business owner looking for an easy-to-use bookkeeping spreadsheet to track your income and expenses? Look no further!
Our Smart Bookkeeping Spreadsheet for Small Businesses is the perfect solution for you. This spreadsheet includes USD, GBP, and EUR spreadsheets, as well as a PDF file with the link to access the template, instructions, and set-up, a summary report, income and expense data input trackers, income and expense reports, and a sales tax tracker.
With this spreadsheet, you can easily analyze your income and expenses by month and category, and have a clear understanding of your financial situation. Read on to learn more about this amazing spreadsheet and how it can help your small business!
Benefits of Smart Bookkeeping Spreadsheet for Small Businesses
Track Income & Expenses
The spreadsheet will provide an easy-to-use way to track income and expenditure for small businesses.
Analyze by Month & Category
The spreadsheet will provide a month-by-month and category-based analysis of income and expenses.
USD/GBP/EUR Spreadsheets
The spreadsheet includes USD, GBP, and EUR spreadsheets.
Summary Report
The spreadsheet includes a PDF file with the link to access the template, instructions, and set-up, a summary report, income and expense data input trackers, income and expense reports, and a sales tax tracker.
Data Input Trackers
The spreadsheet includes income and expense data, input trackers.
Sales Tax Tracker
The spreadsheet includes a sales tax tracker.
Steps to Create a Smart Bookkeeping Spreadsheet for Small Businesses
Step 1: Download the Template
The first step is to download the template from the provided link. This template is available in USD, GBP, and EUR formats. It includes instructions and set-up, a summary report, income and expense data input trackers, income and expense reports, and a sales tax tracker.
Step 2: Set Up the Spreadsheet
The next step is to set up the spreadsheet. This includes adding the company’s name, address, and other contact information. It also includes entering the income and expense categories and setting up the data input trackers.
Step 3: Enter Income and Expense Data
Once the spreadsheet is set up, the next step is to enter the income and expense data. This includes entering the date, description, amount, and category for each transaction.
Step 4: Analyze Data by Month and Category
The next step is to analyze the data by month and category. This can be done by creating a pivot table or using the built-in analysis tools in Google Sheets. This will allow the user to see the total income and expenses for each month and category.
Step 5: Generate Summary Reports
The next step is to generate summary reports. This can be done by using the built-in reporting tools in Google Sheets. This will allow the user to see the total income and expenses for each month, as well as the total income and expenses for the entire year.
Step 6: Track Sales Tax
The final step is to track sales tax. This can be done by using the built-in sales tax tracker in the spreadsheet. This will allow the user to see the total amount of sales tax collected for each month, as well as the total amount of sales tax collected for the entire year.
Target Sectors
The Smart Bookkeeping Spreadsheet for Small Businesses is designed to help small businesses of all sizes and in all industries. It can be used to track income and expenses, analyze data by month and category, and generate summary reports. It also includes USD/GBP/EUR spreadsheets, data input trackers, and a sales tax tracker.
- Retail
- Hospitality
- Manufacturing
- Construction
- Real Estate
- Transportation
- Healthcare
- Technology
- Professional Services
- Education
- Non-profits
Which tabs should I include?
Summary Report
The Summary Report tab provides a comprehensive overview of your business's income and expenses. It includes a breakdown of your income and expenses by month and category, as well as a sales tax tracker. This tab is designed to help you quickly identify trends and make informed decisions about your business's finances.
The Summary Report tab will provide a comprehensive overview of income and expense data for small businesses. It will include the following metrics:
Net Income: The total amount of income earned after subtracting all expenses.
Total Income: The total amount of income earned from all sources.
Total Expenses: The total amount of expenses incurred from all sources.
Gross Profit: The total amount of income earned after subtracting the cost of goods sold.
Net Profit Margin: The ratio of net income to total income, expressed as a percentage.
| Net Income | Total Income | Total Expenses | Gross Profit | Net Profit Margin |
|---|---|---|---|---|
| $10,000 | $20,000 | $10,000 | $15,000 | 50% |
Data Input Trackers
The Data Input Trackers tab of the Smart Bookkeeping Spreadsheet for Small Businesses provides an easy-to-use way to track income and expenditure. This tab allows users to quickly and accurately input data into the spreadsheet, providing month-by-month and category-based analysis of income and expenses. The Data Input Trackers tab also includes a sales tax tracker, allowing users to keep track of their sales tax payments and ensure that they are up-to-date with their obligations.
The Data Input Trackers tab is designed to help small businesses track their income and expenses. The following metrics will be used to track and analyze data:
Income: The total amount of money received by the business from sales and other sources.
Expenses: The total amount of money spent by the business on goods and services.
Revenue: The total amount of money earned by the business after subtracting expenses from income.
Profit: The total amount of money earned by the business after subtracting expenses from income, minus taxes and other costs.
Net Profit: The total amount of money earned by the business after subtracting all expenses from income, including taxes and other costs.
| Income | Expenses | Revenue | Profit | Net Profit |
|---|---|---|---|---|
| $100,000 | $50,000 | $50,000 | $40,000 | $30,000 |
Sales Tax Tracker
The Sales Tax Tracker tab provides small businesses with an easy-to-use Google Sheets bookkeeping spreadsheet to track sales tax. This spreadsheet will help you keep track of your sales tax payments and ensure that you are compliant with local laws. The Sales Tax Tracker tab includes a summary report, income and expense data input trackers, income and expense reports, and a sales tax tracker to help you stay on top of your sales tax payments.
Sales Tax: This is the amount of sales tax that is collected from the sale of goods or services.
Taxable Amount: This is the amount of the sale that is subject to sales tax.
Tax Rate: This is the percentage rate of sales tax that is applied to the taxable amount.
Total Tax: This is the total amount of sales tax collected from the sale.
Total Amount: This is the total amount of the sale, including the taxable amount and the total tax.
The Sales Tax Tracker tab will help small businesses track the amount of sales tax they have collected from sales. This tab will include columns for the sales tax, taxable amount, tax rate, total tax, and total amount. This tab will allow businesses to easily track their sales tax and ensure they are in compliance with their local tax laws.
| Sales Tax | Taxable Amount | Tax Rate | Total Tax | Total Amount |
|---|---|---|---|---|
| $5.00 | $50.00 | 10% | $5.00 | $55.00 |
| $2.50 | $25.00 | 10% | $2.50 | $27.50 |
| $7.50 | $75.00 | 10% | $7.50 | $82.50 |
How to Subscribe to the Smart Bookkeeping Spreadsheet
Take your business to the next level with our Smart Bookkeeping Spreadsheet for Small Businesses! Track income and expenses, analyze by month and category, and get USD/GBP/EUR spreadsheets, summary reports, data input trackers, and sales tax trackers to help your company succeed.
Subscribe now at https://northstaranalytics.co.uk/membership/ to access these templates and get started!