Both personally and professionally, it is important to keep up with your finances. You want more money to be coming in than going out because if you do not, you could easily find yourself in trouble. Keeping up with everything is more easily said than done in the majority of the cases but with a little help, you can become a master of tracking both your income and your expenses.
You want to start with the big picture and view of your current financial situation. You can create this big picture on your own or have an accountant to do it for you. When you choose to use an accountant for this type of task, you have to pay them for their time. If your business model is not complex, it can be just as easy to do it on your own, especially if you are not yet running a large business. That is why we created an Income and Expense Tracker for you to use. It is a basic Excel spreadsheet that can be used to help you keep track of every transaction coming in and out of your personal or business bank account and it can be a lifesaver.
We have made this extremely easy for anyone to use, even if you are not familiar with the Excel program and do not know how to use it. We have already pre-formatted all of the cells with formulas so that when you input your data, all you have to do is watch the formulas work their magic and figure out the results for you. It is the most simple way to keep up with your own income and expenses so that you can make sure you do not spend more than you have at any time.