Excel Template for Income and Expense Report
Related: Excel Template for Net Worth Report (Balance Sheet). And when you’re done, learn to make accurate predictions.
If you’re not sure how to lay out your expenditure/income, or what is the format of income and expenditure accounts, I’m here to help. I use two main tools to create and manage my income statements.
First off, all of my transactions are entered into Quicken. From there, once it’s likely that I’ll have no more adjustments for the month, I run Quicken’s income/expense report, customized to include all accounts and subcategories.
At this point, I export the report to an “Excel-compatible” format and import the file using Excel.
Use an Excel Template for Income and Expense Reports
Rather than start from scratch each month, I use an Excel template for income and expense reports.
Every month, I link the new file to a template similar to the one linked below. This income and expenditure template has cell references that point to my exported file, however, the attached version does not contain these links.
If you decide to use this template, enter your amounts manually or develop a system of linking to your own exported reports.
Note: for the last three columns (YTD 2021, YTD 2022, and YTD 2023) to be accurate, you must manually update the cell reference range each month.
Wondering how to create an income and expense report in Excel? Here is the template you can use to get started.
Wish to take spreadsheet money management to the next level? try the relatively new feature from Microsoft: Money in Excel. This Excel template is available for free as part of the Microsoft 365 pack and provides out-of-the-box tools to supercharge your money management via Excel.
Manage Your Whole Finances Like a Pro
If you’re looking to take your income and expense tracking to the next level, consider opening an account with Personal Capital.
Personal Capital is a leading solution for tracking all aspects of your finances, as it provides features such as:
- Access to all your financial accounts in one place, in real-time
- Create budgets
- Savings tools, such as for retirement and an emergency fund
- Fee Analyzer tool
- Track your investments portfolios
If you want to track your finances like a pro—which typically means going beyond an Excel income and expense template—Personal Capital can put you on the right track.