Monthly Income Excel Template

Are you tired of struggling with tracking your monthly income and expenses? Do you find it challenging to stay within your budget? If so, then a monthly income excel template can be a lifesaver for you.

This combined master register allows you to search, filter, and get subtotals such as total spent on groceries across all 12 separate registers/months. You can also add up to 50 custom income budget categories and up to 200 custom expense budget categories in the Category List and Budget section.

One of the key features of this template is the ability to split a single transaction into more than one income or expense category, allowing you to better track your actual spending or income. For example, if you went to Walmart and purchased groceries and clothing, you can split the total spent into two categories - a portion goes to the groceries category and a portion goes to the clothing category.

The template also includes 12 separate registers, one for each month of a particular calendar year, where you can enter individual income and expense transactions such as a specific purchase at a grocery store. You can then sort these transactions easily and enter their categories from a drop-down selection of custom categories that you created.

Additionally, the Excel Dashboard Summary provides monthly income and expense totals/charts for an entire calendar year, including a chart with cumulative running totals. This allows you to see your income and spending trends over time.

With this template, you can easily compare your budget vs actual in charts and reports, making it easier to stay within your budget. By setting your 12-month budget for all your income and expense categories, you can take control of your finances and make informed decisions about your spending.

Overall, the monthly income excel template is a powerful tool that can help you track your income and expenses with ease, allowing you to make better financial decisions and achieve your long-term goals.

Monthly income excel template