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Excel Accounting and Bookkeeping (Template Included)
First: What Excel can and can’t do
Microsoft Excel (and its simpler, online cousin Google Sheets) is adaptable.
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The better you know how to use it, the more you can get done. That being said, even if you’re good enough at Excel to compete internationally, there’s only so much you can do with it in a DIY bookkeeping context.
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Single-entry bookkeeping in Excel
Before we get started on DIY bookkeeping, download our Income Statement Template.
Later, you may prefer to use a different template, or even create your own. But when you’re getting started, our income statement template is tidy and approachable. And it has everything you need to get a grasp of single-entry bookkeeping in Excel.
Single-entry bookkeeping is a good choice if you run a small, simple business with a low volume of transactions.
Every time money enters or leaves your business, it’s recorded once, as a positive (income) or negative (expense) value.
A quick heads up about double-entry bookkeeping. T
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