excel spreadsheet for monthly income and expenses

The Goods spreadsheet is set up initially to record total net sales for each quarter. A careful study of these costs can help you determine pricing for your products, which products are more profitable, etc. These costs are usually compared to the total sales.

The costs associated with producing and purchasing goods are variable costs that increase or decrease with the volume of production and sales, such as wages for direct labor required to produce the goods, packaging, inventory purchases, shipping, and commissions. In other words, a red value means you ought to take a closer look at it. Conditional formatting is used to highlight the Difference red if income is less than the budget amount or if business expenses are more than the budget. The Difference is calculated as Actual - Budget. If you add or move categories around, make sure to double-check the calculations, especially the SUM() formulas that calculate the totals and subtotals, to make sure that the right cells are summed. However, here are some things you should know and keep in mind as you use these templates: Double-Check the Formulas Home Budget - Our original selection of home budget worksheets.These business budget templates are pretty simple to modify and customize.Family Budget Planner A yearly budget planner, with the same categories as the household budget spreadsheet.Household Budget Spreadsheet (monthly) - More detailed and includes child expenses.Personal Budget Spreadsheet The 12-month version of the above spreadsheet.

Money Manger - A more advanced budget management tool for Excel.After making a change, you should check the formulas to make sure they are still correct. If your Net is negative, that means you have overspent your monthly budget.Īdding or Removing categories: You need to be careful when adding or removing categories, to avoid messing up the formulas used for calculating the totals. The Monthly Budget Summary table in the upper right of the worksheet totals up all your income and expenses and calculates your Net as Income minus Expenses. So, if you spend more than you budgeted for, the value in the Difference column will be red - to help it stand out as a warning. The spreadsheet uses the accounting format where negative numbers are in parenthesis like (115.00), and conditional formatting is used to make the negative numbers red - red means bad in this case. The calculations in the 'Difference' column are set up so that negative numbers are bad. Using the Personal Monthly Budget Template See our articles Make a Budget and 5 Basic Budgeting Tips if you are just getting started or new to budgeting. At the end of the month, you record in the 'Actual' column how much you really spent during the month.įor a more detailed set of budget categories, see the Household Budget worksheet. This represents your goal - you're trying to keep from spending more than this amount. You record your desired budget for each category in the 'Budget' column. The purpose of this type of budget worksheet is to compare your monthly budget with your actual income and expenses.

Some numbers are included in the Home Expenses category as an example, but you'll want to replace those numbers with your own. To use this template, just fill in numbers that are highlighted with a light-blue background (the Budget and Actual columns).

Excel spreadsheet for monthly income and expenses