Accounting made easy downloadable forms

Want to manage financial records of your company or clients? Now you can use MS Excel to manage complete financial records such as invoice, profit and loss statements, generate salary slips, prepare balance sheet, track accounts payable and receivable etc. All excel templates are free to download and use. Click the link to visit the page to find the detail description about each template and understand how each template has been prepared.

If you didn't find any accounting template here, please use of our suggestion form. Accounts Payable Template is a ready-to-use template in Excel, Google Sheets, and Open Office Calc that helps you to easily to record your payable invoices all in one sheet.

Just download the template and start using it entering by your company details. We have created a simple and easy Accounts Receivable Template with predefined formulas and formating.

The template shows invoice outstanding as well as total outstanding accounts receivable at any given point of time. Enter the transaction on the debit or credit side and it will automatically calculate the cash on hand for you.

These templates can be helpful for accounting professionals like accountants, accounts assistants, small business owners, etc. Ready-to-use Invoice templates in Excel, Google Sheets, and Open Office Calc in different formats according to a different industry, different languages, and different currencies.

In order for these people to make either of these reports, they will need the right forms to do so. We have accounting form templates for you to choose from on where you may print out a Financial Accounting Form or Cost Accounting Form. Lots of accountants take this concept seriously. The point of these is to show economic substance, rather than just the legal form of a transaction.

So when using forms such as Blank Accounting Forms , remember this principle. The earliest record of any kind of accounting was done by Luca Pacioli. He was the person who introduced double entry bookkeeping. Although other businesses and governments have already began to record any business transactions, it was Pacioli that explained in great detail the system of debits and credits found in journals and ledger.

Cash Flow from Investing Activities Cash flow from investing activities includes cash spent on—or received from—investments in financial securities stocks, bonds, etc. For the most part, this work is done by calculating and comparing several different ratios. Liquidity Ratios Liquidity ratios are used to determine how easily a company will be able to meet its short-term financial obligations.

Generally speaking, with liquidity ratios, higher is better. The difference between quick ratio and current ratio is that the calculation of quick ratio excludes inventory balances. This is done in order to provide a worst-case-scenario assessment: How well will the company be able to fulfill its current liabilities if sales are slow that is, if inventories are not converted to cash? However, a quick ratio of only 0. But the two businesses are of such different sizes that the comparison is rather meaningless, right?

For example, comparing the gross profit margin of two different grocery stores can give you an idea of which one does a better job of keeping inventory costs down.

Gross profit margin comparisons across different industries can be rather meaningless. For instance, a grocery store is going to have a lower profit margin than a software company, regardless of which company is run in a more cost-effective manner.

Financial Leverage Ratios Financial leverage ratios attempt to show to what extent a company has used debt as opposed to capital from investors to finance its operations. There is, however, something to be gained from using leverage. The more highly leveraged a company is, the greater its return on equity will be for a given amount of net income. In short, the question of leverage is a question of balance. Being more highly leveraged i.

On the other hand, financing a company primarily with loans is obviously a risky way to run a business. Asset Turnover Ratios Asset turnover ratios seek to show how efficiently a company uses its assets.

The two most commonly used turnover ratios are inventory turnover and accounts receivables turnover. Average collection period is exactly what it sounds like: the average length of time that a receivable from a customer is outstanding prior to collection. Obviously, higher receivables turnover and lower average collection period is generally the goal.

The two most frequently used liquidity ratios are current ratio and quick ratio. Return on assets and return on equity are the most important profitability ratios. Inventory turnover and receivables turnover are the most important turnover ratios. The goal of GAAP is to make it so that potential investors can compare financial statements of various companies in order to determine which one s they want to invest in, without having to worry that one company appears more profitable on paper simply because it is using a different set of accounting rules.

All publicly traded companies are required by the Securities and Exchange Commission to follow GAAP procedures when preparing their financial statements. Governmental entities are required to follow GAAP as well. That said, there are a different set of GAAP guidelines created by a different regulatory body for government organizations. So, while they are following GAAP, their financial statements are quite different from those of public companies.

For each transaction, one entry is made either an increase or decrease in the balance of cash in the account. Likely the single most important aspect of GAAP is the use of double-entry accounting, and the accompanying system of debits and credits. With double-entry accounting, each transaction results in two entries being made. If each transaction resulted in only one entry, the equation would no longer balance.

Debits and credits are simply the terms used for the two halves of each transaction. That is, each of these two-entry transactions involves a debit and a credit. That is, however, not exactly true. This transaction could be recorded as a journal entry as follows: DR.

Equipment 40, CR. Cash 40, As you can see, when recording a journal entry, the account that is debited is listed first, and the account that is credited is listed second, with an indentation to the right. Also, this helps you to remember that the debit half of a journal entry is on the left, while the credit half is indented to the right. To increase Cash an asset account , we will debit it.

To increase Notes Payable a liability account , we will credit it. Cash 50, CR. Building Supplies 10, CR. To decrease a liability, we debit it, and to decrease an asset, we credit it. Accounts Payable 10, CR. Naturally, journal entries need to be made for income statement transactions as well. For the most part, when making a journal entry to a revenue account, we use a credit, and when making an entry to an expense account, we use a debit.

We need to decrease Cash and increase Rent Expense. Rent Expense 4, CR. Cash 10, CR. Sales 10, Sometimes a transaction will require two journal entries.

Cash 1, CR. Sales 1, DR. Cost of Goods Sold CR. Of course, hardly anybody uses an actual paper document for a general ledger anymore. T-Accounts In many situations, it can be useful to look at all the activity that has occurred in a single account over a given time period. The Trial Balance A trial balance is simply a list indicating the balances of every single general ledger account at a given point in time.

The trial balance is typically prepared at the end of a period, prior to preparing the primary financial statements. The purpose of the trial balance is to check that debits—in total—are equal to the total amount of credits.

If debits do not equal credits, you know that an erroneous journal entry must have been posted. The purpose of a trial balance is to check that total debits equal total credits. Her lease requires her to prepay her rent for the next 3 months at the beginning of every quarter. Let us know about your specific needs and we will take care of it. Direct Deposit module gives you the ability to automatically create a direct deposit file in ACH format ACH file from your payroll information.

This information resides in ACH file, and this file must be uploaded to a Third Party Provider of your choice or your bank for further processing. The number to call for more information is Featured Categories. Payroll and Accounting Software Made Easy! Professional Payroll Includes:.