How do I use an Excel spreadsheet for tracking income & expenses?

You'll first categorize your expenses and create sections for each category. This will help not to forget any expenses that your business incurs. Also include the date and which co. you're paying to. Insert a formula to calculate the total of each category and finally one that calculates the entire expenses.

The income and expenses spreadsheet is a helpful tool that helps you keep an eye on your business performance. Follow these simple steps to create your next income and expenses spreadsheet in excel:

1. Open your Excel worksheet and select one column for income and another for expenses.
2. Record all your income and expenses in their respective column.
3. Select the last cell in your income column, type "Total income," and press 'Enter.'
4. Select the cell beneath the Total income and type "=SUM (" in this cell.
5. Next, calculate the sum of your income; select your first income and press the 'Shift key' and then select the last income and press 'Enter' to calculate your total payment.
6. Similarly, calculate your total expenses.

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