You need to be able to see how much profit you are bringing in and how your expenses are impacting your business to make smart strategic decisions. In addition, having a clear understanding of your business finances and your monthly ins and outs is also vital to growing your business. The information is essential for tax purposes. You NEED to track your business expenses and income. I will walk you through how to build a spreadsheet just like the one that I use to track my blogging income and expenses every month.Īs an added bonus, I’ve included a link below to access my income and expense template in Google Sheets completely free of charge! If you’ve never used Excel or Google Sheets before, it’s not as overwhelming as it may seem! My video tutorial below will help you learn some of the basics of how to start a new Google Sheets spreadsheet, format cells in it, and implement basic formulas. then Google Sheets might be exactly the free solution you need to keep track of your financial ins and outs for tax purposes and business planning. If you run a multi-level business you likely need more advanced software, but if you are an entrepreneur with your own start-up, a blogger, or sell hand-made crafts, etc. It does not support all of the same advanced functionality that Excel does but, for basic business purposes like tracking income and expenses, it’s a fantastic free tool! Google Sheets is basically a free online version of Microsoft Office’s Excel program.

A Google Sheets expense and income tracker is easy to use and can help you stay on top of your finances to make more strategic decisions for your business or blog. Free Google Sheets Income and Expense Tracker With TutorialĬreating a small business spreadsheet for income and expenses in Google Sheets is a great FREE way to track your business progress and keep yourself organized for tax reporting.

Excel template business income expenses