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Budget Spreadsheet Journal Entry Updated As Of: February 1, 2017, Correct Financials 9.2 This job aid serves three purposes: 1. To provide a training tool for the user to follow the step-by-step instructions
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How to fill out budget spreadsheet journal entry
How to fill out budget spreadsheet journal entry
01
Open the budget spreadsheet journal entry template in a spreadsheet software program such as Microsoft Excel or Google Sheets.
02
Locate the first row of the spreadsheet, typically containing column headers.
03
Review the column headers to familiarize yourself with the information that needs to be filled out.
04
Start by entering the date of the journal entry in the designated column.
05
Next, enter a brief description or purpose of the entry in the corresponding column.
06
Move on to the debit column and enter the amount of money being debited for that specific entry.
07
Similarly, enter the corresponding credit amount in the credit column.
08
Continue to fill out the rest of the rows in the spreadsheet with the relevant information pertaining to each journal entry.
09
Double-check your entries for accuracy before saving or finalizing the spreadsheet.
10
Save the completed budget spreadsheet journal entry for future reference or analysis.
Who needs budget spreadsheet journal entry?
01
Individuals who want to track their personal expenses and income over a period of time can benefit from a budget spreadsheet journal entry.
02
Small businesses or startups that need a simple yet efficient way to record financial transactions can utilize a budget spreadsheet journal entry.
03
Accountants and financial professionals can make use of a budget spreadsheet journal entry to maintain organized records of their clients' finances.
04
Students studying finance or accounting can practice their skills by using a budget spreadsheet journal entry.
05
Non-profit organizations that need to track their income and expenses can find a budget spreadsheet journal entry helpful.
06
Anyone who wants to gain control over their finances and have a clear overview of their monetary inflows and outflows can use a budget spreadsheet journal entry.
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