Personal Income And Expenditure Statement Template Excel

003 Unique Personal Income And Expenditure Statement Template Excel Image
A few years back, a lot of personal finance experts, including some personal income and expenditure statement (PIS) preparation experts, recommended the use of Microsoft Excel to prepare personal income and expenditure statement. At that time, Excel was still considered to be the top choice for financial reports, especially financial reports that deal with income and expenses. Although Excel is no longer used primarily for financial reports anymore because of its slow performance and less memory capability, there are still people who prefer to use it to prepare personal reports. In this case, they would usually get their personal income and expenditure statement done in Excel. If you are also one of those people who prefer to get their personal statements and financial reports done in Microsoft Excel, then you may want to get an example or sample spreadsheet from Microsoft to prepare your own personal income and expenditure statement.

The process of preparing personal statements and financial reports in Excel is quite similar to what is done in the standard Excel spreadsheet. The only difference between the two is the data that will be entered on the worksheets and the way the information will be formatted. While a personal financial statement or personal income and expenditure statement in Excel will contain basic information about the personal finances of the individual, it differs from the personal statement in Excel in the way the format of the text on the Excel sheets is arranged. On the other hand, a sample personal statement in Excel can help the user get a feel of how personal income and expenditure statements are formatted in Microsoft Excel.

First, let's look at how a personal statement in Excel is formatted. When you select the appropriate icon to show the format toolbar on the Excel window, a series of formats and default styles will be displayed. There are six types of formatting that can be applied to the personal income and expense data that are entered into the cells of a Microsoft Excel personal statement template. You can choose from the simplest, least complicated, and most customized styles for your personal data.

The basic style of an Excel personal income and expenditure statement template includes the normal cell sizes that are used in all Excel documents. However, there are also headers and footers that are applied to the individual cells in a template that may include the date that the data is entered or the name of the company that prepared the report. The personal statement can also include a worksheet name that is formatted according to the company that prepared the report. This allows you to easily identify which data is connected with which worksheets or cells in your template. Formatting options are often specified in the instructions that accompany an Excel personal document template.

Depending on the template that you select, some of the fields that can be included in a personal statement in Excel include the personal information of the person such as name, age, place of birth, and the designation or job title. There can also be additional columns for investment estimates and other financial data. Typically, the financial statements will provide the following information: total income (loan or salary), total assets, current value of assets, current total balance, current balance, and potential future payments. The personal statement can also include an option for future annuities. Annuity rates and amounts can change from year to year and at times, are subject to review and updated based on economic conditions.

Another option for customizing an Excel personal statement in Excel is to enter additional information about retirement accounts, pension plans, social security deposits, mutual funds, stock investments, mortgages, and other money market accounts. The financial statement can also identify business expenses. These may include travel, entertainment, and office supplies. You can tailor the personal statement to meet your specific needs. If this is a required component of the financial statement, then the personal statement should reflect that.

Finally, the Excel personal finance and personal statement template allow you to enter additional information about current personal finance management projects and/or goals. This information would include current personal finance goals and objectives, and/or projected personal finance goals and objectives over the next five, ten, and fifteen years. When entering this information, it is important to make sure that the start date is in the future, and not the recent past. The financial statement will be more accurate when entered correctly.

The use of an Excel personal and expenditure statement template is a quick and easy way to customize the financial statements you need for your personal or business tax return. Not only is the process simple, but the end results are more accurate as well. Using the template will also help you to eliminate the stress associated with preparing your own personal financial statements.