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Bookkeeping & Accounting
​Blog

​HAVING A BUDGET AND KEEPING TRACK OF INCOME AND EXPENSE TO REACH FINANCIAL GOALS.

4/30/2017

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Creating a budget for yourself or business to give you a projection of how much money you’re making and spending throughout the year can give your insight on how to maximum your cash flow and keep cost low.
Why having a budget is useful:
  • Have control over your money
  • Keeps you focused on your money goals
  • Keep you aware of what is going on with your money
  • Helps you organize your spending and savings
  • Enables you to save for expected and unexpected costs
  • Provides you with an early warning for potential problems
I have created a template you can download to create your own budget for your personal or business use. 
 
budget.xlsx
File Size: 13 kb
File Type: xlsx
Download File


​To make sure that you have stay within the numbers of you budget you have created. I created a template to keep track of your income and expense. I made it simple to put in income and expense for each week to produce the report for each month and end of year.
You can also use it without the budget just to keep track of your income and expense. Some of the benefits of keeping track of your income and expense is:
  • It forces you to prioritize
  • It shines the light on spending habits
  • You’ll be aware of questionable charges
  • Gives you an idea on how to generate more revenue
p_l_template.xlsx
File Size: 40 kb
File Type: xlsx
Download File

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    Blogs are about learning basic accounting, accounting formula, tips and advice, and investment concepts and terms.


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