How Do I Track Finances in Google Sheets? (My Two Methods)

How do I track finances in Google Sheets?

You can easily track your finances within Google Sheets by using a finance tracker template.

There are two ways you can turn your spreadsheet into a finance tracker template:

1. By curating your own spreadsheet template from scratch.
2. Selecting a pre-made spreadsheet template and customizing it to suit your business finance needs.

Once you’ve created or chosen your Google Sheets finance template, all you need to do is list and categorize your business expenses, income, and tax data into that template.

You can also include your assets, monthly or annual budgets, profit and loss statements, and more.

And that’s essentially how you can track your finances in Google Sheets.

How to track your finances in Google Sheets? Step-by-step guide

How to create Google Sheets finance template? (Manual)

• Open a new Google Sheets spreadsheet.
• Create a ‘Date,’ ‘Description,’ ‘Category,’ and ‘Amount’ column at the top of your spreadsheet.
• You may want to split your ‘Amount’ column into income and expense columns (or keep it single and use positive values for income and negative for expenses).
• Add any additional columns as needed (payment method, notes, receipts, etc).
• Input Formulas like SUM(), AVERAGE(), FILTER() SUMIF() and SUMIFS().
• Regularly input your financial transactions as they occur.
• Add conditional formatting or data validation rules.
• Add charts and graphs for a clear overview of your financial health.
• Ensure your Google Sheets privacy settings are appropriately set so only authorized people can view or edit your finance tracker template.

Advanced users can also automate their templates through Scripts or Add-ons (optional).

However, unless you insert an Apps Script or add-on, this method is time-consuming and limited in functionality.

Therefore, I recommend using a pre-made Google Sheets finance template to track your business finances.

How to create Google Sheets finance template? (pre-made template)

The second way to track your finances in Google Sheets is through a pre-configured, downloadable finance template.

Designed exclusively for Google Sheets, these templates come with already-formatted headers, categories, functions, charts, and graphs.

Many free and paid Google Sheets finance templates are available to download and use within your Google Sheets spreadsheet.

Some popular Google Sheets finance templates are:

• The monthly and yearly budgeting templates or expense sheets within the Google Sheets template gallery (no download required).
• Smartsheet and Spreadsheet Point's free and customizable finance tracking templates (tailored for Google Sheets users).
• Etsy’s range of paid advanced Google Sheets finance trackers and accounting templates (many of which include built-in calculations and graphs).

Although these Google Sheets finance templates enable efficient tracking and management of your finances, they lack some functionalities.

This is precisely why we created Sheetify Bookkeeping….the Google Sheets finance tracker solution you’ve been waiting for.

Best Google finance tracker template (Sheetify Bookkeeping)

Sheetify Bookkeeping is your one-stop accounting and finance template shop. And sure, it can track your income, expenses, and assets.

But did you know that this awesome Google Sheets template extends beyond basic accounting needs?

Thanks to Sheetify Bookkeeping’s ready-to-use sheets, columns, and rows, you can monitor your business finances like never before.

Seamlessly manage your business tasks and goals, calculate taxes, create and send reports and invoices, and more on one easy-to-use platform.

Sheetify Bookkeeping also comes with built-in Apps Scripts, automatic formatting, and linked sheets.

This means you can say goodbye to creating complex formulas, functions, automations, or charts from the ground up.

Simply input your business data and watch as it effortlessly organizes everything into one central Google Sheet.

Available for just one payment of $67, Sheetify Bookkeeping truly offers unparalleled flexibility and affordability.

This is why I believe it’s the top choice for finance tracking and small business accounting within Google Sheets.

Discover more about the features and tools of Sheetify Bookkeeping here.

How to track finances in Sheetify Bookkeeping?

Okay, now that you know what Sheetify Bookkeeping is, how can you track your finances using this awesome Google Sheets bookkeeping template? Simply:

• Tailor your categories in the 'Settings' tab.
• Record your business's income and expenses in the respective sheets.

And that’s it! Sheetify Bookkeeping effortlessly manages the rest. It’s that simple.

These templates come ready with column headers and titles and are fully customizable.

And thanks to the handy built-in tax calculator, simply enter the amount and tax rate, and it automatically calculates your tax. Talk about efficiency!

Sheetify Bookkeeping also calculates your total transactions, taxes, fees, and net amounts (shown clearly at the top of your Income and Expense sheets).

You can also gain insights into your financial health through easy-to-interpret visual dashboards.

And for teams dealing with many transactions, the 'Add new record' feature is a game-changer, allowing quick entry additions (without navigating to the end of the sheet).

Check out this detailed video tutorial on how to use Sheetify Bookkeeping here.

Why track finances in Google Sheets?

You may first think……can Google Sheets effectively track and manage my finances? And the answer is yes!

Google Sheets is customizable, accessible, and enables real-time collaboration and automation features.

The platform is also completely free, secure, and facilitates easy backups.

By leveraging the power of customizable templates, seamless automations, and third-party integrations, Google Sheets is the perfect finance tracker platform.

Google Sheets financial capabilities and tools include:

• Financial data lists.
• Formulas.
• Financial health and growth management.
• Invoice creation.
• Budget creation.
• Finance reports.
• Expense and income tracking.
• Future finance forecasting.

By tracking your finances in Google Sheets (and, in particular, Sheetify Bookkeeping), I promise you’ll gain a deeper understanding of your business's financial health.

Thanks for reading, and make sure you check out Sheetify Bookkeeping here.