This is for you if you are a Sole Trader, Solopreneur or Small Independent Business.
Do you find doing your Expenses a Chore?
Find the Henry Hoover in your hand and the cleanest house on the street when your Accounts are in your diary?
Have you noticed your Expenses time in your calendar magically keeps moving every week?
I have the solution for you !
An easy to use spreadsheet for you to complete your Expenses and Mileage ready for your Tax Return. (Your Accountant will be impressed).
Get that job done with ease, surprise your Accountant when you get your information to them before they start to chase you and feel that sense of peace that you have Eaten that Frog and just got on with it and finished your Accounts.
Not only as a small business do you need to save money by doing this basic admin task yourself, but it is essential for you to see where your money is going and where it is coming from, to properly analyse in real-time what will benefit your business.
Don’t wait until the end of the year to get this essential job done, this template will be your little gem.
And the best part? It comes with full, clear instructions on how to use it properly, so you can hit the ground running and start seeing the benefits immediately.
What it is
The Expenses and Mileage Template has been designed to be easy to use, clear to read and automated for stress-free Expenses Admin. This spreadsheet is a way for you as a Small Business, Sole Trader or Solopreneur to keep track of your Income and Expenditure. This is an essential part of running a business.
Why you need it
This keeps all your information regarding your outgoings as a business in one place, so you can make informed decisions regarding your spending as a small business. You can identify any savings you can make and discover where you spend most of your money.
This is a great way to focus in on your income too, so you can see clearly where you are earning your money, what services and products you offer that brings in the most income. This gives you the option to focus in on what you enjoy or what earns you the most money.
Keeping track of your Business Mileage is often overlooked by small businesses, those little trips seem insignificant, but when you add them up they form a major part of your expenses. If you make regular trips for meetings and events, networking, or collect stock you can claim mileage for it. Claiming mileage is less complicated than claiming vehicle expenses. Your Accountant can advise you if you have a vehicle you use directly as part of your business.
How you will benefit from updating it regularly
Completing this sheet weekly, or at the very least monthly, you will feel more in control with your business decisions, and have a regular overview of how well you are doing, and be able to make decisions as you work on a regular basis, rather than looking back over the year when it is usually too late to change.
The Tax Return Summary is a great way to keep track of your Tax obligations, and you can track how much you feel you need to keep to one side ready for your tax bill (if you have one).
Also your Accountant / Bookkeeper will be delighted that you have kept track of this task, this will mean you will be submitting your Tax Return in plenty of time, and saving yourself money by doing the basic Admin yourself.
This Spreadsheet includes: Instruction sheet, Expenses sheet, Income sheet, Mileage sheet, Tax Return calculation sheet.