Spreadsheet Templates. Monday , April 02nd , 2018 - 16:45:37 PM
It is easy and inexpensive to use accounting spreadsheets but are they the correct choice for small businesses? We all know that there is a legal requirement to maintain accurate accounting records covering your business transactions. The tax man, the VAT man and a miscellany of compliance regulations means that accurate bookkeeping records are essential.
However, this method is no better than handwritten records, it is still prone to errors which may go unnoticed, and if no reconciliation procedures are carried out, then your data will be inaccurate and misleading.
All of this and anything else you can think of as a potential cost should be included on the spreadsheet so youll have some idea of what youre going to spend before you have to spend it. As each month passes, simply update the spreadsheet to reflect actual costs.
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