Monthly Expenses Sheet Template

A monthly expense sheet template is basically a summary of all the expenditures made in a month by an organization, employee, client or any person. These monthly expense sheet templates help you to track all your purchases and manage your expenses made in the past and prepare for the next month accordingly. These expense sheets can be easily made by anyone that has access to a computer/laptop and has a basic idea about the working of MS Excel. After being made on computer, they can be printed out or saved in a file. Most people print them out and then attach their receipts of all the purchases made with the expense sheet. This is an effective way to keep proof of your spending in case of an emergency where you are required to show legal proof.

Usage of Monthly Expenses Sheet:

Some of the ways that a monthly expense sheet can be used are mentioned below;

• If the employee made any purchase on behalf of their company or manager. They can add all those purchases in a monthly expense sheet and hand it over to the authority. This is a professional way to request for compensation on the money they paid.

• If a client signs a contract with an organization and buys a number of products from that company. They can make an expense sheet per month to keep a track of their purchases along with the receipts of that month. The trader/businessman of the company can also keep a monthly expense sheet to keep a record of their sales of the month.

• An expense sheet can also be made by a normal person to track their monthly expenditures of household, academic, transport, mobile purchases, etc. this can be very helpful for someone who intends to keep their finances in check. It can also give the person a general idea of their budget for the next month.

Components of a Monthly Expenses Sheet:

Monthly expense sheet templates have an easy format which everyone can easily use in his/her office or home. They are made with MS Excel or Word, which allows adding as many rows and columns as someone required. Some main things to include in a monthly expense sheet are as follows:

1. The main heading of the monthly expense sheet along with the name of the month (January expense sheet).

2. Date on which the expense sheet was made.

3. The name of each purchase along with their serial no. (example: 1. Water bill).

4. The date on which each expense was made.

5. Brief description of each purchase.

6. Amount of tax included on each purchase.

7. Amount paid on each product/purchase.

8. Subtotal (amount of product + tax).

9. Total amount paid in the whole month.

10. Any additional notes or purchase.

The format of a monthly expense sheet is simple and easy to understand so that a normal person can understand its contents without any difficulties. By keeping an expense sheet per month, the person can track all of their important as well as petty purchases. This way, you can even reduce your irrelevant purchases for the next month and save that amount.

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Templates For Monthly Expenses Sheet

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