The Income & Expense Spreadsheet Your Business Can’t Function Without

Money might be the last thing you want to dig into & really look at as a small business owner, but you know that it’s desperately essential.

Because your business only works when there is more money coming in than going out.

And if that isn’t happening…you need to know.

But, you might be struggling with finding a way to keep track of your income and expenses.

Everyone talks about Quickbooks…but paying almost $40 a month for Quickbooks (and having zero idea how to use the thing) seems silly to you.

So you’ve tried the DIY approach and are left with a dozen half filled out spreadsheets that you always forget to actually use…and never really loved.

This income & expense spreadsheet is different.

It’s simple and built around the idea of helping you know exactly where your money is coming from AND where it goes, so you can make decisions that help you bring more money into your business, and keep it there.

A Closer Look at this Income & Expense Spreadsheet

Let’s dive into how this spreadsheet is set up, what it looks like, and why it’s the perfect solution for your small business.

Annual Overview Tab

An annual overview is included to help you see at a glance how sales are going month by month & all year.

Easily keep tabs on how your gross income fluctuates month after month.

And notice how much you’ve been setting aside for taxes.

This tab gives you the big picture without the details so you can make sure nothing is out of the ordinary.

Monthly Tabs

This is where you will spend most of your time as you input what actually happens with your money each & every month.

As you manually add your income and expenses, the totals at the bottom will be automatically calculated FOR you. 

So you never have to guess on how much you should be paying yourself, or setting aside for taxes again!

Now, as this template is created to help you clearly see where your money is coming from, so you get to input WHERE the revenue was from, not just the amount & date it came in.

Being able to clearly identify not only the specific sources of revenue but also your expenses will give you a crystal clear picture of what’s happening in your business.

Which means you’ll be able to identify what offer you should highlight to increase your revenue or where you can trim down your expenses to hold on to more of your hard-earned money.

There’s even a space to record transactions. (Like when you move money from your business account to your personal account, or a business savings account.)

This way you’ll never have to search through previous bank statements to make sure you’ve set aside money for taxes based on last month.

Start Here Tab - Customizing Your Spreadsheet

This income and expense spreadsheet is set up to be SO customizable for your small business WITHOUT having to drastically change a thing.

You’ll begin with this Start Here tab to indicate what percentage of your earnings you want to set aside for taxes.

You’ll also add income & expense categories that are specific to your business so that you can choose from a drop down instead of typing the same offer name month after month. 😉

Profit & Loss Tab

You can see the true breakdown of the amount of revenue every different offer & service brought in month after month in this P&L tab.

And while it’s something you might not use regularly, it’s something your accountant will love. 

That’s some high praise! 🙌

But the part of this income & expense spreadsheet I’m MOST proud of, and the part I think you will absolutely love, is the dashboard.

Seeing Your Data is Key

Your spreadsheet can just start to blend together. A dashboard allows things to really stand out.

Because while I love a good spreadsheet, it’s easy for data to get lost.

And staring at rows & columns isn’t very fun (let alone helpful for noticing patterns).

Look at Trends Over Time

It’s one thing to be able to see changes in your spreadsheet from month to month.

And it’s a completely different thing to be able to notice your bars going up and down on a graph.

This dashboard is created to help you see spikes in revenue, expenses, and track the overall pulse of your income.

Looking at the bar graph above shows me that whatever I was doing in October brought in way more revenue than any of the other months around it.

Seeing the data in graphs helps those patterns and spikes stand out way more than they do in a spreadsheet.

Income Report

A key part to using your financial data as a business owner is figuring out which offers or products are selling.

This means you need to know how much each offer or product is bringing in.

And that level of detail is hard to easily notice on a spreadsheet.

This Income Report dashboard page shows your exact revenue breakdown.

You can use this report to help you decide which offer you want to ramp up, market, refine, or say goodbye to based on how much it contributes to your overall income.

Expense Report

Another piece of information your financials are holding onto is where your money is going.

You might realize that you are paying $50 a month for a website you never use, or $25 a month for a subscription you meant to cancel months ago.

This expense report is created to help you identify where your money is going so you can make changes as needed.

All with the goal being to hold on to more of your money & only pay for what you need.

Getting Your Finances In Order Doesn’t Have to Be Complicated

Using this Income & Expense bundle will help you easily organize what’s going on with your business finances.

And, more than that, will help you see exactly what’s selling & where your hard earned money is going.

All so you can make the best decisions for your business to continue to make sales, refine your offers, and say goodbye to what isn’t increasing your revenue.

Get the jump start on getting your finances clear by purchasing this bundle from my TPT store.