Free Expense Tracking Worksheet Templates (Excel)

Expense Tracking Spreadsheet Template

Keeping track of your income and expenses is an essential exercise, only if you are planning to manage your money meaningfully. And as luck would have it, there are quite a number of smartphone Apps and programs meant to make such an exercise much simpler. With an expense tracking Spreadsheet, you can now easily record, analyze, and account for every penny you have spent.

Nevertheless, a big number of such software also come with ‘premium charges’ that you need to pay for. No wonder they are not commonly used, yet they play a vital role in the preparation of budget and cutting costs. To fill up the void, we have introduced new free expense tracking spreadsheet templates for everyone to use.

Unlike other ‘premium’ Apps, this worksheet is simple and easy to use. If you are using a smartphone, you will realize that there are quite a number of drop-down lists. These lists can be edited in the settings if you so wish.

The Worksheet, however, cannot calculate a summary of income and expenses as in like Account register. But then again, if you are well conversant with excel, you can choose to use a pivot table for analysis of your expenses as well as income. It is one of the most useful and reliable tools that can be formulated in a few minutes.

Business/Personal Expense Tracking Templates

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Using the Expense Tracking Spreadsheet Template

Step 1:  The first step when using this template is to clear the sample data. The data is simply meant to give you a guide on how you can enter balances and basic expense transactions as well as the transfer of money between accounts. Nonetheless, the formulas in the balance column should not be cleared.

Step 2:  The second step is to enter the beginning balances for the accounts you would like to keep track of. This is not necessary though it is still advisable. Furthermore, there is actually a column for current balances that can be hidden and unhidden at your convenience.

Step 3:  The third stage involves editing the accounts and category lists found in settings as required. These lists basically control the options found in drop-down lists for the columns. Drop-down lists usually provide convenience when entering data, but they are not that necessary.

Step 4:  The fourth step is to update the income and expense worksheet. This can be done on a daily basis on your phone or computer. But if you are using the printed worksheet, you can still carry it with you in your wallet and edit it on the go.

Keep in mind that the template is divided into various categories, and hence if you are scared of personal finance due to its complex in nature, then you can as well go for other simpler divisions. Eventually, when feeling like you are ready for something advanced, you may try the Money management template.

Step 5:  Finally, in order to efficiently analyze your income and expenses, you need to create a pivot table in your Excel 2013 or later versions. It also comes with a new timeline feature. This feature makes it easy to categorize the time and dates that you would like displayed on your table.

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