The Income and Expense Spreadsheet for Homesteaders and Small Farms is designed to make the financial side of homesteading easier. Maintaining a working farm takes dedication, attention to details and time. A lot of time. But we love most every minute of it. I say most, because taking care of the numbers can be frustrating and time-consuming. When the income is less than the expenses, it can be heart-breaking. But the flip side can be even worse – not keeping up with the financial numbers. If you don’t know how much is coming in, or how much is going out, you could very easily lose everything you have worked so hard for.
Most accountants want a breakdown of everything you spend. The IRS wants to make certain you make a profit at least every 1 to 3 years. But how can you effectively know if you are?
An Income & Expense Spreadsheet that is So Easy!
An Excel spreadsheet works wonders. With the spreadsheet, you can break down each item under income and expense sections. Within your expense categories, you can break it down even further. By adding formulas, all you have to do is input the actual numbers, and Excel can calculate everything for you.
If spending less time on the numbers end of farming is appealing you, a spreadsheet can work easily into your routine. I keep all my receipts, notes on cash income and invoices in a box on my desk. One day a week I sit at the computer and input all the information in the correct category. Even on a heavy week, I usually spend one hour or less taking care of the financial business.
Once I am finished with inputting the information, I store all the receipts in a Manilla envelope with the year written on the front (just in case there are questions). That frees me up to work outside, or do other things.
An Income & Expense Spreadsheet also comes in handy when it is time to do a budget. You can easily refer to last year’s expenditures to determine how much to budget for the next year. If you find yourself in desperate need of a large purchase, such as a new tractor or just expensive tractor parts, you can quickly access your budget and your Income & Expense spreadsheet and see where you stand financially.
This Income & Expense Spreadsheet makes it easy to track your finances. It keeps the accounting portion of farming simple, and less of a headache. Knowing exactly how much money is coming in, and where it is going is a stress reliever.
At a Glance Chart for your Income & Expenses
A handy chart is also attached. With it, you can see at a glance which areas are doing well, and which ones may need closer consideration. It helps in making decisions on what to keep and what to cut.
The Income & Expense Spreadsheet is customizable for your own farm. You can easily add, delete or change any of the sections to personalize it for your needs. And if you need help with the set up, I am just an email away!
Take the Stress Out of Your Homestead Finances
Take the stress and worry of dealing with the finances out of your farm. Discover the benefits of having all your accounting chores done in an hour or less a week with this Income & Expense Spreadsheet for Homesteaders and Small Farms!
PLEASE NOTE! – This is an Excel Spreadsheet. It is recommended you have at least a basic knowledge of Excel, including formulas.