Sabine N Konig. Spreadsheet Templates. February 01st , 2018.
Notwithstanding the above, keeping correct information is vital if you want to run your business successfully and effectively. But, how to do it, and which method to use, is a problem for many new and growing small businesses.
Lastly, include an estimate on the monthly budget spreadsheet of how much youre planning to allot for entertainment. That way, you can save up your "entertainment funds" for something bigger (like a vacation) or spend it on smaller perks. Its also important to save some for emergency funds as well, because cars break down and people do become ill.
However, in my experience, the use of proprietary accounting software can have some drawbacks for new and smaller businesses.
The next in this series will be How To Create A Brilliant Spreadsheet- Solid Structuring- Article 3.
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