Bookkeeping forms: Accounting Business Forms and Templates

Bookkeeping forms: Accounting Business Forms and Templates

Bookkeeping forms

The spreadsheet includes monthly columns for recording forecasted and actual cash flow. List cash receipts and cash paid out to view your projected and actual cash position for each month. Track the value of your current inventory and determine the cost of goods sold with this inventory tracking template. List physical inventory by item number, name, description, type, and location, and record purchases, including purchase dates, vendors, and prices. Compare the number of items sold to your monthly sales figures to make sure your inventory tracking sheet matches actual sales.

Knowing and clearly understanding the profitability of your business is necessary to keep the doors open — income statements allow you to see this. This payroll register template includes a pay stub and a register of employee information to help you process payroll. The pay stub tab displays payment and withholdings for an individual employee, while the register lists employee job titles, salaries, vacation and sick allowance, and pay schedule. It also shows pre- and post-tax deductions, such as 401(k) contributions and insurance, and federal and state taxes. List each invoice by ID number, date, customer name, description, and amount. The template provides a running total each time you enter a new invoice and calculates the total amount invoiced to date.

Balance Sheet Template

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process. The addition of this form to your financial tracking process will organize your bank reconciliation process so that when the time comes to file things away, they’re already in order. These handy forms are perfect for entering checking information, as well as date, statement balance, deposits and withdrawals.

Financial accounting or reporting is described as the process of creating information for uses outside of the company, the outputs are usually in the form of financial statements. These financial statements follow the Generally Accepted Accounting Principles, also known as GAAP, which is a guideline or standardized framework for financial accounting usable in any given industry and jurisdiction. Accounting is a broad term that is used to define the monitoring and analysis of a certain function, in order to uphold certain set of standards for a company or organization. While accounting used to exclusively describe financial monitoring and balancing, it has branched out into financial, management, governmental, tax, forensic, project and social accounting. Bookkeeping is a necessary part of running a business and is the process that allows you to record daily transactions.

Simplify Your Bookkeeping and Financial Reports with Smartsheet

Keeping track of this information in real time saves small businesses the trouble of having to dig through past records and spend excessive amounts of time finding the information they need. If you’re self-employed, include home office expenses and other deductibles to help save time during tax season. The template keeps a running subtotal of expenses, adjusting the total sum with each new entry. Use this balance sheet template to report your business assets, liabilities, and equity. The template calculates common financial ratios, such as working capital and debt-to-equity ratio. Edit the example line items to list all of your current and long-term assets and liabilities, and view subtotals for each section and column.

Bookkeeping forms

Reconcile a financial account by creating a record of transactions to compare to your bank statement. This reconciliation template includes sections for recording deposits in transit and outstanding checks, and it automatically calculates your statement balance. This simple but comprehensive template allows you to create a 12-month cash flow forecast for your small business.

Accounting Application Forms

This section also has credit forms, budget worksheets and spreadsheets for financial analysis. Get your small business organized and efficient with these essential accounting forms. For related templates, including those for reconciling petty cash and general ledger accounts, see our collection of free reconciliation templates.

  • This simple but comprehensive template allows you to create a 12-month cash flow forecast for your small business.
  • The template includes columns for travel dates and purpose, starting and ending points, odometer readings, and total miles.
  • Since a large company has a wider financial scope compared to a smaller business, owners hire the best bookkeepers to look after their journal and general ledger.

Important for tax returns and making sure nothing slips through the cracks, alter these forms with any expense categories you choose that will best suit the style of your business. Summarize how your business incurs revenue and expenses via operating and nonoperating activities alike. This timesheet template includes break time, regular and overtime hours, sick days, vacation time, and holidays. Enter the starting date for the week at the top of the template, and the dates will automatically populate the timesheet. Use this mileage log template to track business vehicle use and mileage costs. The template includes columns for travel dates and purpose, starting and ending points, odometer readings, and total miles.

Accounting Forms Every Small Business Needs

Shipping or posting goods is a process which will always requires documentation of some form. In addition, it helps you to ensure that the correct items are being properly provided to your customers. Each of these components will have an impact on your accounting and financial information, so these documents should be closely tied to your finances data tracking processes. Track business expenses such as transportation, entertainment, lodging, and meals with this expense report template. Specify the time frame at the top of the spreadsheet and list all expenses with dates for each transaction. This template allows you to track the variance between your projected and actual cash position for each month and calculates total cash payments and net cash change.