Budgeting is the most appropriate way to manage all the expenses from the income, still making enough savings. In this post, you will download the Spreadsheet for monthly bills. Before this sheet, you must look for the expense budget spreadsheet for overall tracking and monitoring projects.
A major portion of the income is spent on the payment of different types of monthly bills. Utility bills and other types of monthly pre-defined expenses are parts of the spreadsheet.
- Personal to Business Expense spreadsheet
- Forecasting expense (Calculate forecasting monthly bills)
- Rent, Office expenses, and salaries expense tracking
- Ask for template Examples
- Travel Expense calculation
Budget is a calculated proactive approach in the management of all expenses for a defined period of time. Once a confined budget is allocated for a certain expense. One puts all efforts in fulfillment of required staying in the allocated limit.
What is the Monthly Budget Spreadsheet Google Sheet?
The monthly budget spreadsheet google sheet is an accounting sheet that can be used for business or personal needs. It enlists all the expected expenses along and allocates the amount for each expense staying in the limit of total income. The savings portion can be included while allocating the budget.
A simple monthly budget spreadsheet contains three major heads. Income, expenses, and savings. Cash in-flow from any source comes under the head of income such as property or land rent, business profit, and salary. Similarly, the expenses section is different for all the living standards but includes major expenses in the form of home, transportation, health, daily living, and entertainment expenses.
Related Business: Restaurant Expense Spreadsheet
Here, the savings have actually two meanings. Savings can be the source of income or the amount one wants to save from by keeping expenses lower than income.
Monthly budget spreadsheets can be easily created using google sheets. Google sheet is a free web-based spreadsheet type tool offered by Google and integrated with the office suite of google. The monthly budget spreadsheet created using google sheet is available online and stays in the google drive. It’s compatible with all types of spreadsheet type tools.
How to create a Monthly Bill Spreadsheet?
Monthly bills are a major portion of monthly expenses from someone’s income. Mostly the expenses that are considered recurring expenses and repeat after every month are included in this list. Any type of issue you can calculate issue tracking spreadsheet.
A most common type of monthly bills includes; home expenses, transportation expenses, health, and daily living expenses.
A simple monthly bill spreadsheet can be made using google sheet or excel for personal use by following below steps;
Identify all the expenses for the upcoming month
Sort out the expenses as recurring or non-recurring bills
Identify the recurring bills that have monthly recurring frequency such as rents, utility bills, vehicle payments, education or lessons bill, groceries bill, and bills of other daily living supplies.
Sort out the identified monthly recurring bills based on their major categories from home, transportation, health, and daily living expenses.
Allocate a budget for each type of monthly bill. Leave the space for writing actual bills, a difference in budget and actual bills, and notes for the difference.
A monthly bills spreadsheet created by following the above steps is helpful in making a budget assumption for the upcoming months. This spreadsheet can be analyzed for making savings out of total project monthly bills or expenses.