Olympia Émilie March 7, 2021 Spreadsheet
Choosing the best budget spreadsheet software can be difficult if you have no idea on what you exactly need. If you don‘t know the exact features you‘re looking for, then the safest bet would be a user‐friendly spreadsheet software that can be easily used even by beginners. Look for this quality in a software program for household budgeting to avoid the hassle of using a very complicated program.
A budget spreadsheet is just like the typical spreadsheet that we see when we use various computer programs such as Microsoft Excel. However, this specific type is particularly designed to be used for financial budgeting. Most people can make their very own spreadsheet, especially if they don‘t really need further features. All they would need is a computer program, such as the Excel, that could help them. But for most households and families that are planning to get optimum financial planning, then they should download for their spreadsheet software.
To know if a household budget spreadsheet software is user‐friendly, try several programs online and see which ones are easy enough to use by people with basic budgeting and computer skills. The layout of the spreadsheet should not only be easy to understand, but also be able to present all the necessary information in a glance. It should contain just the right number of graphics and details to avoid confusion for its user.
Designing a strong real estate spreadsheet requires some forethought about the uses, calculations, and net results you‘re looking for. This should be done before you ever get started. Here we demonstrate some key considerations by means of a case study. To demonstrate the proper approach to designing and building a real estate spreadsheet in Excel, let‘s use a residential multi‐unit rehabilitation project example. To keep it simple, let‘s assume it has 4 apartment units, was built 60 years ago, has 3 existing tenants, and requires new interior and exterior paint, some plumbing and electrical work to update the property to modern safety standards, and a partial re‐roofing to fix some water damage.
The expenditure analysis columns do not need to be a different column for each type of expenditure. It is better to set up and group the analysis columns in general headings which can accommodate all the expenses. Such columns may include stock, other direct costs, premises costs, general administrative costs, transport and delivery costs, repairs and maintenance, travelling and hotel costs, motor costs, bank and legal costs and other expenses. It is better not to enter too many items under a general heading of other expenses as this is more likely to be investigated as the type of expense has not been precisely identified.
On the expenditure side of the business the bookkeeping can also be a simple list of the purchase invoices and receipts showing the amount spent. The list should also produce an audit trail by showing the date of the purchase invoice, name of the supplier, purchase invoice for identification purposes and the total amount spent. Usually tax returns are the main purpose of producing small business accounts and invariably some analysis is required to show what the expenses have been spent on. That is not difficult to achieve and as with the sales accounting the owner manager can add additional standard columns to the bookkeeping spreadsheet.