When you’re not quite sure what Business Expenses spreadsheet is all about, it can be confusing to figure out what you’re doing. Is this a spreadsheet you can trust? And does this spreadsheet to allow you to “view” how your business is really doing in terms of business expenses?
Not all spreadsheets are created equally. If you’re not careful, you could end up getting confused because you end up looking at a spreadsheet that’s “dumb”. As an example, let’s say you have business expenses on your Business Expenses spreadsheet and you want to see how much you spend on each expense. You open the spreadsheet and then try to move the expense item, and get a cryptic error message from the spreadsheet saying: Error: Could not move the column.
In this situation, you’re looking at a spreadsheet that has no ability to show you what you need to see: exactly how much is being spent on each expense. And we all know that a spreadsheet with no ability to display what you need to see is useless.
It’s much better to use a Business Expenses spreadsheet that shows you exactly how much you’re spending. This way, you don’t have to wade through all of the clutter and errors that may be there in the other spreadsheet. The other option is to use a Business Expenses spreadsheet that doesn’t show you exactly how much you’re spending and just makes the assumption that your expenditures are going to be the same as everyone else’s.
If you do want to create your own spreadsheet for business expenses, you can actually use the spreadsheets I’ve created for you in Excel 2020. Not only will you be able to customize the calculations that make your expenses look more efficient and detailed, but you can also use a tool called Hyperlink options to add links in your expense cells.
This is a smart process, because you can actually save yourself a lot of time by having more detailed information. For example, you can link the “Customer Costs” section of your spreadsheet with another spread sheet called “Income Tax Rates” and have one-sheet tracking your income and another sheet tracking your business expenses. This allows you to track every aspect of your business without even thinking about it.
Now, you might want to include the Customer Costs as well, so they’re still on both sheets. But again, this will make your business expense calculations look like they’re a little bit more complicated than they really are.
I personally use my spreadsheets as my accounting software and as my “reference manual”, so I know exactly how to do them. You should really look into using your business expenses spreadsheet and see how much more efficient it makes your financial management processes.