![]() ![]() ![]() The “From” and “To” columns indicate who paid the expense and who the expense is split among. Each expense is listed with the name of the person who incurred it, the expense category, the amount, and the date. This spreadsheet for splitting costs is an excellent tool for keeping track of shared expenses among a group of people. How do you split expenses in Google Sheets?ġ.Google Sheets Template for Splitting Expenses Say goodbye to the chaos and confusion of shared expenses and embrace a new era of the financial organization today. With our help, you’ll quickly learn how to easily manage your shared finances so you can focus on what truly matters in your relationships. In this article, we will explore some easy-to-use, customizable templates which have been designed to save you time and effort while ensuring everyone involved is on the same page. Thankfully, there is a way to alleviate this financial burden and clarify your shared expenses. Miscommunication and disputes can easily ensue, further straining relationships and adding unnecessary stress to your life.Īs the agitation around managing shared expenses continues to grow, you might find yourself longing for a solution that simplifies the process and restores harmony to your living situation. The problem arises when you’re trying to split expenses fairly and accurately without getting lost in the sea of numbers and receipts. Check out more budgeting advice, tips and tricks so you can make the most out of your money.Whether you’re living with roommates, managing a household with your partner, or even just keeping track of shared expenses with friends, managing finances can be a challenging and often frustrating task. ![]() Of course, a properly calculated budget doesn’t just happen overnight. And when tax season rolls around, you have a convenient document to draw from, instead of hunting down receipts to present to your tax preparer. Work travel (broken down to lodging, meals, etc.)īusiness-focused templates are available for Excel, especially specific ones that keep track of your bill payments, general ledgers, or even expense reports for startups.īy tracking your expenses for your business in a spreadsheet, you can also identify potential sources for fraud, such as monetary discrepancies for yourself and others.Some of the most common categories for business expenses include: If you own a small business, you’ll have expenditures in different categories to record. Business expenses to consider for your monthly tracker By using the AutoSum feature, you can see how much you’ll be spending per month, or year, and tweak your budget to match your goals. Lastly, Excel makes it easy to tally up a total cost across columns. You can estimate how much you’ll pay per month for utilities, or if you know that you have a fixed rate for mortgages and loans, you can fill in the blanks ahead of time. Your rows can be tied to the months in this year where you’re anticipated to make monthly payments or save for major repairs. In an Excel template, you can create new sheets for each of these major categories, then break them down to specific expenses.įor example, create a new sheet, name it Housing, and then dedicate a column to the expenses that fall under this category (monthly mortgage payments, anticipated home repairs, etc.). Goals: Something you might be saving for in the long term, whether it’s a new car, an appliance upgrade, or sending a child to college.Emergency savings: Create an emergency savings fund and be prepared for anything.Entertainment: streaming subscriptions, video games, live shows, upcoming vacations and weekend getaways.Utilities: gas, water, heat, electricity, and Internet.Transportation: auto loans, public transit fare, car maintenance and repairs.Housing: mortgage payments, home repairs, homeowners’ insurance, and property taxes.Important categories in your personal budgetįor the average household, expense trackers usually contain the following: The fundamental questions you want to be able to answer with a quick glimpse are, “What did I spend my money on, and how much did I spend?” Spreadsheet software like Excel is ideal for displaying this information in rows and columns. Manage your finances with this free expense tracker template Go to Excel ![]()
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