Whether it’s a company of 50, five, or one, the typical small business entrepreneur tends to wear several hats during the initial start-up phase.
It’s the bi-product of an unfortunate catch-22 scenario. Although you need highly-skilled and individualized labor to aid in the business legwork, you can’t afford a payroll until your company starts raking in revenue. And not surprisingly, revenue is based off of financial maintenance, organization and planning – something reserved almost solely for an individual with extensive accounting expertise. In other words, a role for an experienced chief financial officer or in-house accountant.
But not surprisingly, a sizable majority of accounting-cowering business owners tend to divvy out their bookkeeping responsibilities during initial start-up phases to outside accounting firms. That outside accounting help tends to be one of the most common reasons for financial failure for most young businesses, according to a recent report by The New York Times.
In order to lay the foundation for a flourishing, profitable business, C.E.O.’s must first play the role of head accountant and C.F.O. as well. Although it can be a frustrating, sticky and time-consuming process for most novice business owners, self-accounting, bookkeeping and handwritten documenting will undoubtedly be worthwhile ventures for the financial fitness of your future company.
5 Premier Excel Accounting Templates to Streamline Your Business Venture
One of the most common misconceptions concerning accounting is that it’s an impossible feat to manage on an individual basis. Most novice business owners assume that financial streamlining is a task associated with increased labor, costly programs, or confusing tutorials. Rather, one of the simplest and most cost-effective methods accounting can be achieved through the Microsoft Excel program.
And with the right excel accounting templates, business owners can effectively leverage, record and plan for their future financial portfolios. From general ledgers to income statements, here are our picks for the five very best excel accounting templates for entrepreneurs and business owners.
Meticulous daily tracking is arguably one of the most crucial components to small business accounting. Although it tends to require the least amount of lingo and specialized skill, it can be one of the most time-consuming and overlooked financial processes for most beginning business owners.
With the Daily Cash Transaction Report, business owners can track total cash sales, bank transfers, cash inputs, payments, and several other monetary transactions. The template also contains a space for users to log specific notes.
Download: Daily Cash Transaction Report
General ledgers are long-term financial maps for a company’s bookkeeping, and one of the most useful kinds of excel accounting templates a business owner can maintain. They can be used to plan financial statements, measure liabilities and equities, as well as help to pinpoint financial failures and successes.
With the General Ledger template, business owners can track the dates, descriptions and type of tender for their company’s long-term financial transactions.
Download: General Ledger
While the basic General Ledger contains an interchangeable outline for business owners to map their financial profiles, the Sample General Leger from ExcelTemplates.net provides a kind of comparative, sample-based general ledger for reference.
Using a sample general ledger can be especially useful for business owners that need a bit of guidance when it comes to their financial tracking. The spreadsheet contains room for various account names, as well as the type of tender used, and the initial and final balances.
Download: Sample General Leger
I.R.R., an acronym for internal rate of return, can be a somewhat confusing concept for novice business owners to grasp. In specific terms, IRR stands for “internal rate of return”, another world for a complex calculation used to arrive at the simple rate of return for a financial portfolio.
But with the IRR Financial Calculator from ExcelTemplates.net, this intricate calculation can be completed with a few clicks of a mouse. The interchangeable calculator maneuvers itself based on individual data input, allowing business owners to quickly, and easily, assess rates of return.
Download: IRR Financial Calculator
Profit and loss projections, another term for an income and expense statement, are invaluable tools for mapping future financial endeavors for a company.
With the Profit and Loss Projection template, business owners can navigate and isolate specific costs pertaining to their business, as well as map the rate at which those costs might expand over the following year, or decrease. These expenses range anywhere from payroll and salary, to specific advertising and marketing costs a company might accrue.
Download: Profit and Loss Projection
This social return on investment calculator is a great solution for thinking outside of the typical realm of ROI. Are you interested in learning more about the social impact of your product or service? This social return on investment calculator will help give you a better idea of how well you serve society.
For instance, conventional financial reports leave out a lot of data. While an ROI may look great from a financial standpoint, the social return on investment will help businesses understand if they also provide a quality social service.
Factors to Consider in Social Return on Investment
• Environmental Impact of Product/Service/Campaign
• Social Value of Proposition
• Social Return on Investment Combined with Conventional ROI
Use this respected model easily and instantly by downloading this social return on investment template. There’s no easier way to efficiently calculate the social ROI in an inexpensive and accurate way. Some companies spend millions of dollars studying the social return on investment and the most respected and effective template is right here at your fingertips.
Download this social return on investment template today to get started. It’s one of the most socially responsible templates we have and you can take advantage of this great calculator for free. If you find this template useful, please don’t hesitate to share this social return template with your friends!
We always try to offer a diverse selection of templates and calculators and put them up for a free download whenever possible. Share the social return on investment wealth by sharing this page!
Download Social Return on Investment
We often think of the digital age as being dominated by technology. Social networking, online marketing, email and the Internet itself all depend on complex systems running all day, every day.
What’s overlooked when we focus on all of those flashing lights and zooming bits is the silent partner in all of this technology — the written word. Never has effective writing been important for businesses. Your workers must be prepared to produce and deliver well-written communications to the public, their coworkers and their clients.
You know it’s important, but how can you know what it’s worth? The Effective Writing ROI calculator makes determining the financial benefits of professional training for your staff fast and easy.
The Myth of Writing Talent
Some people do have a talent for writing, but even they may not be effective business communicators. Your business doesn’t need someone that can describe a sunset with perfect prose. Business writing needs to be effective and straightforward.
Effective writing doesn’t require a well of “natural” talent, but it does benefit from professional instruction. Training costs money, but the Effective Writing ROI Calculator helps you weigh the cost of training against the cost of bad writing. The time and effort required to revise bad writing is money wasted.
The Wisdom of Manufacturers Applied to Office Workers
The Effective Writing ROI Calculator allows you to forecast savings derived from even modest investments in communications training. Improving writing skills in your organization increases profits by increasing efficiency.
Manufacturers have known for decades that the key to profitability is keeping production costs down. This same is true for business that produce documents instead of cars. Lowering the cost per document, email, blog post, review, memo, manual, or proposal reduces the cost of running your business many times over.
Measuring the ROI on investment in truck body aerodynamic applications is an excellent way to measure how much money a company is saving by using truck body aerodynamic applications on either part of their truck fleet or on their entire truck fleet.
Truck body aerodynamic investments and applications can save a company a lot of money and many companies simply do not realize the very large amount of money to be saved by applying certain proven techniques to their trucks that make them more aerodynamic on the road.
In the long, truck body aerodynamic applications can make a company a lot more money and increase its revenue by significantly lowering the overall cost of the fuel intake of its trucks. Every trucking company knows that lowering the amount of money spent on fuel for part of its fleet or for its entire fleet can help earn the company significantly more revenue.
Calculating the return on investment, or ROI, for truck body aerodynamic applications is where a truck investment ROI calculator comes in. A truck investment ROI calculator is an easy to use and very effective tool to see how much more money a company is earning based on the usage of truck body aerodynamic applications.
Easy To Input Information
An ROI calculator use a system which makes it easy to input key information for the calculator. This information is key to getting a good and accurate ROI information result from the calculator.
Once the information is put in, the truck investment ROI calculator will deliver the information on the ROI for truck body aerodynamic applications. The amount of money that a company can save with truck body aerodynamic applications is truly incredible and this ROI calculator can help a company realize exactly how much money they are saving or could be saving with these very effective applications.
One of the best tools a company or organization can use is training. The use of this cost analysis and ROI training calculator to measure the benefits gained over a selected period of time for any investment in training programs for justification of an investment that has been planned or evaluation for the goal return can become a simpler task.
Automatic calculation of cost and returns of two of more investment training options saves time and allows an increase in productivity and results!
Information is entered into the first two worksheets for automatic calculation of return of investments. Total savings, break down points and best training value calculations are automatized after information is entered into the first two worksheets. Comparing cost-effectiveness can also become a faster task.
Using a Training Cost and ROI Calculator
Two types of information are required to complete the task fast and efficiently. Text and numerical value information is entered into two separate color coded cells. The cells in this excel temple-tool are easier to use.
Every step that should be taken to gain the maximum results is easy to understand! A short description or name is entered into the template’s cell that has been labeled. After this first step has been taken, all the data and information in text or numerical value are entered in to each appropriate cell. The instructions for the use of the calculator are written to maximize the user experience and gain maximum results.
Knowing all accurate performance changes and making comparisons to keep training goals on target can become faster, easier and better. Measuring and forecasting the costs to develop or design a variety of programs such as, coaching lectures and events, study materials, classroom sessions and much more can become simpler using this template.