Monthly expense report template for mac

Here are some tips to creating a practical monthly budget to help you keep your finances in check.

Free Excel Expense Report Template

The first thing you'll need to get a grasp of is how much money you're actually bringing in every month. This number is not just your annual salary divided by 12 months. You'll also have to deduct factors such as income tax, pension plan contributions, and other things that would be docked from your pay. Not including these deductions will cause you to have an inflated idea of what your take-home income is, which will put you in the red.

Your fixed expenses would include things such as your mortgage, car payments, student loans, and so forth. These expenses remain relatively constant month after month.

Family Budget Planner

Variable expenses, on the other hand, are those that either only pop up every few months, or fluctuate in cost month to month. These may include property tax payments, entertainment, groceries, and so on. It's a good idea to put some money aside every month - no matter how little - towards your savings account.

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Financial experts typically recommend setting about 10 percent of your post-tax income aside for your savings, although the more you can put away the better. You might opt to have a portion of your money transferred out of your checking account and into your savings account automatically each month so you don't have the excuse of 'forgetting' to put that portion aside.

Retaining all your receipts for all your expenditures will help you determine how much you're actually spending every month. After two or three months of adding these totals up, you'll have a good idea of the average amount of money that is going towards expenses, and determine whether you need to cut back on spending or not.

A Quick Way to Apply These Expense Categories to Your Budget

Setting specific goals can help you pay off any outstanding debt that you may have, which can eventually free up your finances at some point down the line. A Travel Expense Report is an organized way for businesses and their employees to track and report their expenses for business-related trips. The expense report is usually a printed form or a spreadsheet that is filled out and kept for accounting and tax purposes. Because of this, it is especially important to track any expenses that are tax deductible.

For a quick solution , instead of making your own expense report in Excel or Google Sheets, download and use our free Expense Report Template below. Easily customize it by adding your company information and other details, then share it with your employees. Important Note for Employers: When your employees use this travel expense report, they should also submit copies of receipts along with the report so you can keep adequate records for tax purposes.

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A note like "Don't forget to attach receipts" in the spreadsheet can help serve as a reminder. Report your travel expenses , especially those that are tax deductible, with a simple and easy-to-use spreadsheet. The report template includes separate columns for common types of expenses.

It also includes a table for recording detailed itemized expenses, such as a break-down of your meals or transportation expenses. Some of the most common tax deductible travel expenses include: See IRS.