Keeping records can be done in various ways: with pen and paper, online bookkeeping, or using digital accounting software. There are many programs specifically designed for digital bookkeeping, but it is also possible to keep records in Excel, a program we have all used at some point and already have some basic knowledge of.
- Bookkeeping in Excel with templates
- Do your own bookkeeping in Excel
- Advantage of bookkeeping in Excel
- Keep track of mileage in Excel
Bookkeeping in Excel with templates
Bookkeeping in Excel is easy with the help of Excel templates. An Excel template is a godsend, especially for start-up entrepreneurs who handle their own bookkeeping. There are various templates that can be downloaded for free, such as the bookkeeping in Excel template from Excel-boekhouden.nl . This file consists of seven tabs where you only need to fill in the data yourself. With the bookkeeping in Excel template, you have access to the following options:
- Basic settings, such as company name and address details, Chamber of Commerce details, IBAN, etc.
- Create and process invoices in the accounting.
- Sales & Revenue
- Purchasing & Expenses
- Financial overview, Profit & loss and the balance sheet
- VAT overview
- Organizations
Do your own bookkeeping in Excel
Would you prefer to keep your bookkeeping in Excel yourself without using templates, for example because you already maintain records in Excel? It is possible, but it is certainly not easy. One advantage, however, is that you can format it entirely in your own style and add categories where necessary. Some parts of the administration overlap with bookkeeping and are not included in standard templates. Consider, for example, mileage tracking , travel expense records, time reporting, and personnel administration. Four components that cannot be missing from many administrations.
Advantage of bookkeeping in Excel
The big advantage of bookkeeping in Excel is that the program is well-known and there are free templates available that make Excel bookkeeping a lot easier.
Bookkeeping in Excel is completely free and there are no subscription fees, unlike, for example, cloud solutions (online bookkeeping). Moreover, you are not dependent on an internet connection to do your bookkeeping, and all data is stored on a computer, securely and difficult for hackers to break into.
Keep track of mileage in Excel
In addition to keeping bookkeeping in Excel, there are many aspects of administration that you can also track in Excel. Consider mileage tracking, for example. By maintaining mileage records, you can demonstrate that a maximum of 500 km has been driven privately per year and avoid paying any taxable benefit. The mileage tracking Excel form is available for free download.
Tip: With the TrackJack PRO Fiscaal , you automatically register all your trips, tax-approved and recognized by the Tax Authorities. View the PRO Fiscaal in our webshop →
Read also
- Administration for entrepreneurs
- Retention period for Tax and Customs Administration records
- Accounting: everything you need to know
- Keep track of mileage
- Starting an SME business
