Manage your business finances- accounting resources
Managing your business’ finances is key to a successful venture. Take a look at these accounting resources that are sure to save you time!
Every business should have a clear paper trail for all financial transactions. Let’s dive right into the accounting resources your business needs-
Cash Flow Sheet
The accounting process juggles incoming and outgoing funds. Our cash flow sheet allows you to track these funds. You’ll also be able to use this sheet to predict future incomes and expenses.
What you'll need to complete the Cash Flow Sheet:
- Balance Sheet
- Statement of income
- Record of equity changes
- Cash flow for previous reporting period
- Statement of any other financial transactions for the business
Now that you’ve got your files ready, fill in the template and you’re done!
Cash Flow Statement template : features
- Editable Excel sheet
- Includes auto-calculations
- Both 12 month and 3 year cash flow sheets
The Depreciation Calculator
This document shows the drop in the value of assets over time. It’s important for the business because it affects your tax rebates.
What you'll need to complete the template:
- Asset schedule
- Purchase price
- Year of purchase
- Depreciation period (in years)
- Estimated salvage value
Depreciation Calculator template : features
- Editable Excel sheet
- Saves you time by including auto-calculations
- Includes summary of schedule
Check out this awesome resource from SARS- “Wear & Tear Depreciation Allowance”
The next section will cover the internal budget document. This is a great asset to add to your accounting resources-
The Internal Budget Sheet
This helps you track what’s required to run your business. It’s a great way of mapping your company’s finances.
What you'll need to complete the template:
- Incoming funds details
- Invoice details for incoming funds
- Summary of outgoing funds
- Invoice details for outgoing funds
Internal Budget Sheet template : features
- Editable Excel sheet
- Saves you time by including auto-calculation on totals
- Includes summary
- 12 month calculator
Then you’ll need a loan expense sheet-
The Loan Expense Sheet
Track loan amounts and interest paid monthly, over the course of your loan term. This is a great calculator to help you stay on top of your expenses.
What you'll need to complete the template:
- Loan principal amount
- Annual interest rate
- Loan period
- Start date of loan
Loan Expense Schedule template : features
- Editable Excel sheet
- Designed to save you time by including auto-calculation on totals
- Auto-calculation on % capital outstanding
- Includes auto-calculation on capital repaid
The Employee Information Form
Keeping these records up-to-date will help you stay on top of your business.
What you'll need to complete the template:
- Staff details (Names, ID No, Contract Type, Rate of pay etc.)
- Employee's Tax Number
- Staff's contact details
- Employee's banking details
Employee Information Document template : features
- Editable Excel sheet
- Designed to save you time as it’s shareable with employees to complete
- Keep track of employees
- Helps payroll keep record of salaries due
Equally important is the Profit & Loss accounting resource-
Profit & Loss Sheet
Track the company’s finances. It helps guide the decision-making process.
What you'll need to complete the Profit & Loss Template:
- Incomes received
- Interest received
- Any other incoming funds (e.g. insurance claims)
- Expenditure schedule (refer to your internal budget sheet)
Profit & Loss template : features
- Editable Excel sheet
- Designed to save you time with auto-calculations on totals
- Helps keep track of the company’s financial position
Last in your accounting resources you’ll need a Trial Balance Sheet-
Trial Balance
This picks up errors that could occur in the double-entry accounting system. In this document, the total credits and total debits should be equal.
What you'll need to complete the template:
- All account names and the debit/credit amount
- Stock sheet (click here for this resource)
- Depreciation Schedule
- Wages, PAYE, SDL & UIF details
Trial Balance Template : features
- Editable Excel sheet
- Designed to save you time with auto-calculations on totals
- Notes included to help explain what’s required
Looking to purchase this document template set?
Do you have any questions about this accounting template set? Reach out to us here and we’ll respond within 24 hours.
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