![]() Once you’ve customized the Income Statement Template for your business, you’ll mostly be using the Transactions sheet. Copy and paste it into a blank sheet next to your Transactions. To get started, check out our Google Sheets Cash Flow Projection Template. However, for your own personal planning, you can still plan your cash flow month by month in a simple spreadsheet. Optional-Add a sheet for projecting cash flowĮxcel spreadsheets aren’t up to the task of creating a proper Cash Flow Statement that you can present to investors. Keep the tab for your invoice tracker to the right of the Transactions sheet, but to the left of your monthly Income Statements. Copy and paste the data from the invoice template you downloaded into the new sheet. Then, add a new sheet to your Income Statement Template. This is a lot easier if you’ve got a separate sheet to track your invoices.įirst, download a free invoice template for Excel, or get one for Google Sheets. That way, you can cross-reference it, and avoid errors-like forgetting to enter invoice payments, or entering the same invoice twice. When you enter income from paid invoices into your Transactions sheet, include the invoice number in the description. Optional-Add a sheet for tracking invoices Learn more about calculating these expenses.ĥ. They’re often used interchangeably-COS by retailers, and COGS by manufacturers. These accounts track the money you have to spend to create the product you sell your customers or clients.
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