Does Google Workspace have an accounting tool?
If you currently use Google Workspace and Google Apps such as Google Docs, Meet, Slides, and Sheets, you might wonder - can I use Google Workspace for accounting?
Unfortunately, Google Workspace’s impressive business suite doesn’t include a dedicated accounting tool.
However, it doesn’t mean you can’t use the platform for accounting purposes!
The best way to do accounting in Google Workspace is by using Google Sheets.
Can Google Sheets be used as an accounting tool?
Google Sheets is a versatile cloud-based tool that can absolutely be used for various financial and accounting tasks.
And actually, I believe Google Workspace (specifically, Google Sheets) is one of the most effective small-business accounting spreadsheet tools on the market.
As a spreadsheet tool, Google Sheets was designed to store, organize, analyze, and manipulate different data, including financial data.
Managing these financial aspects of your business can be done by leveraging a Google Sheets accounting or bookkeeping template.
A Google Sheets template can help you prepare daily income statements, cash flows, and budgets, create performance reports, manage expenses, calculate taxes, and more.
Thanks to Google Sheets features like:
- Formulas and functions.
- Filtering and sorting.
- Graphs.
- Charts.
- Pivot tables.
- Reports, and more.
You can manage various financial aspects of your business through the same versatile spreadsheet tool you know and love.
Can you use Google Sheets for small business accounting?
Yes! Google Sheets is the perfect small-business accounting tool as it’s easily accessible, affordable, collaborative, and customizable.
However, you may want to consider using dedicated accounting software for specialized accounting features like:
- Double-entry bookkeeping.
- Tax compliance.
- Invoicing.
- Payroll management, and more.
The good news is that third-party standalone accounting software, such as QuickBooks, Xero, or FreshBooks, work really well with Google Workspace.
These integrations include syncing your contacts or files into Google Sheets, connecting events to Google Calendar, creating invoices with Google Docs, and more.
Does Google Sheets have a bookkeeping template?
Although it is possible to build your own Google Sheets bookkeeping template, it can be quite overwhelming if you don’t have in-depth Google Sheets knowledge.
Luckily, many Google Sheets bookkeeping templates are available online for tracking various financial transactions and activities.
These bookkeeping templates include income and expense tracking, invoices, P&L statements, payroll, budgets, balance sheets, inventory management, and more.
Some popular Google Sheets bookkeeping template options are:
- Google Sheets template gallery: Free basic bookkeeping templates such as an invoice generator, multiple budget trackers, and expense reports.
- Etsy’s wide variety of paid bookkeeping and accounting templates: These range in price and complexity.
- Spreadsheet Point's free templates: Include invoice tracking, profit and loss statements, inventory management, and more.
- Sheetify Bookkeeping: An ultimate 10-in-1 Google Sheets bookkeeping template for small businesses.
Sheetify Bookkeeping (best small business Bookkeeping template)
Sheetify Bookkeeping is a dynamic, customizable, data-driven bookkeeping software built entirely on one Google Sheets template.
Designed specifically for small businesses, the Sheetify Bookkeeping template allows you to tackle all your accounting and bookkeeping needs without a second thought.
From managing accounting tasks, assets, liabilities, expenses, and income to generating invoices and running reports, Sheetify Bookkeeping has you covered from head to toe.
And the best part? It’s all available within multiple sheets within the same workbook.
Sheetify Bookkeeping comes with pre-built headers, columns, and rows, as well as a built-in Apps Script that automatically calculates your finances.
Plus, with seven visual dashboards, the tool can help you understand and take control of your business's entire financial health.
For just one payment of $47, you can easily streamline and improve your financial workflows.
Plus, if you buy both Sheetify CRM and Sheetify Bookkeeping together, you’ll receive 15% off both products.
There are no hidden fees, monthly subscription costs, or annual contracts. Talk about value for money!
Watch my in-depth Sheetify Bookkeeping video guide here to find out more.
Sheetify Bookkeeping features
This visual Google Sheets accounting template is a simple yet functional tool with powerful features for managing and accelerating business finances.
Some of Sheetify Bookkeeping’s features are:
- Managing income and expense
- Manage accounting tasks (inside Sheetify or through Google Tasks)
- Quick scroll down to add new records or view the last entry (eliminating the need to scroll all the way to the last entry).
- Monthly, annual, and 5-year dashboards to analyze business performance.
- Custom dashboard (any date range)
- Comparison dashboard (compare performance within specific date ranges)
- Sales tax dashboard for analyzing business tax or fees.
- Balance sheet
Additionally, you can build invoices using Google Forms and Docs and then share or email invoices directly to your clients inside Sheetify Bookkeeping.
This is essentially a custom Google Sheets invoice generator tool that makes billing your clients seamless.
Check out my full tutorial on the Sheetify Bookkeeping invoice generator feature here.
And if that wasn’t enough, you can also easily send any dashboard report to any email address (without exporting your report or using a third-party application).
All you need to do is:
- Under the 'Settings' tab, add the email addresses to which you want to send reports (this could be yourself, your client, or team members).
- Click ‘Sheetify’ > ‘Reportify’.
- Select the name of the report you want to email.
And that’s it! In just a few clicks, you can send accurate, visual PDF reports to whoever needs to see them.
Sheetify Bookkeeping is genuinely one of the best small business bookkeeping templates available on the market.
Plus, when used in conjunction with Sheetify CRM (my all-in-one sales CRM and business toolkit), your small business will be unstoppable!
I hope you’ve found this article helpful and insightful - thanks for reading, and make sure you check out my full range of Sheetify tutorials here.
