Excel Bookkeeping (Monthly)
As you may have guessed from the name, Excel bookkeeping is the systematic way of managing your businesses’ finances like transactions, expenses and income using the software program ‘Microsoft Excel’. Although many don’t consider it as an accounting software, if you have a small business that requires basic financial records to be managed monthly, then bookkeeping on Excel is the best option for you.
Although it can help in basic bookkeeping, it can be time-consuming and mind-boggling. Here is where Affotax comes in to help you utilise Excel for bookkeeping to accurately and efficiently record and manage your business’s finances. Check out our packages and the benefits of our service below. Get a quote today!
Basic Package
It covers the essentials; ideal for transactions <500 per month using excel template, ensuring organised records and real-time financial insights.
Package includes:
- Monthly recording of transactions
- Bank and credit card reconciliation
- Financial statement preparation and reporting
Premium Package
It covers the essentials; ideal for transactions <1000 per month using excel template, ensuring organised records and real-time financial insights.
Package includes:
- Monthly recording of transactions
- Bank and credit card reconciliation
- Financial statement preparation and reporting
Benefits of Our Excel Bookkeeping Services:
Maintain accurate financial records efficiently by choosing us, and reach new heights of comfort and success – get a quote today!
FAQs:
1. What is Excel bookkeeping?
It refers to the recording and organising of your financial transactions, expenses and income of your business. It is a simple and cost-effective way of managing your small business' finances easily.
2. Can you do bookkeeping on Excel?
Although it is possible, it could be time-consuming and hectic – Affotax happily takes the burden off your shoulders.
2. What are the benefits of it?
It is not considered accounting software, but it can be helpful for those who want to manage small businesses' finances. You can easily record transactions with its multiple valuable features. Moreover, charts and other graphical presentations can be created with it and you can track invoices with it too.
3. Does it have a bookkeeping template?
No, it does not have a built-in template but you can either download one or create one for yourself for accuracy.
4. How to set up an Excel spreadsheet for bookkeeping?
To do it, first you have to create a separate sheet for each category or account you want to record, like the sales, expenses and assets. Do not forget to create headers for each column and then input all the relevant financial data, like the date, description and amount. Finally, it is time to use formulas or simply copy and paste to aggregate the information and generate financial reports or statements.
5. Which is better Excel or QuickBooks?
To evaluate whether it is better or QuickBooks, we have to look at what our specific needs are. The bookkeepers consider factors like the complexities of the accounting needs, the size of the company or business, the cost and availability of software, and which of the following is not hectic. They also see about the specific features offered by the platforms which could be beneficial to the business like the inventory management, invoicing, and financial reporting, etc, only then it is decided which software or platform is better.
6. Can I customise the services to meet my specific business needs?
Yes, you can customise them according to your specific needs because we prioritise our clients’ satisfaction.
7. How do I get started?
Choose the best package that you think offers solutions to your businesses’ requirements or if it does not, simply contact us to customise it according to your needs. Follow the instructions to buy and Affotax’s expert team members will join you shortly
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Contact us for more queries! We are dedicated to helping your business reach new heights of success and offering you comfort through our online services – get a quote now!
