Organizing Your Finances (A Simple Method)

It’s almost the end of the year, so why not get off to the right start with your finances in the upcoming year?  It can be overwhelming to keep up with all the money going in and out of your household or small business month to month.  I have a little system that I use that keeps me on track each month and helps at tax time: a monthly accounting summary sheet or cover sheet.

I print off a sheet each month to keep with my calendar, and as each bill is paid, I write down what the amount was.

I do this for a few reasons:

1. I can easily reference back to the prior months sheet if an amount seems out of the ordinary.

2. It’s easy to see if a bill might have been overlooked and not paid.

3. If you use an accounting system like Wuickbooks, it’s easy to double check for mistakes by comparing it to your handwritten worksheet.

4. It’s a visual reminder of how much I spend each month because I physically write it down.


The sheet also has a place for notes.  This is where I write down notes on returns, credits, and rebates that I should be looking out for over the next month…’d be surprised how many times I’ve had to contact a company about a rebate or return credit not being applied properly!


There a section where I can make notes of travel, donations, large purchases and phone calls:


I have a sheet for each month and I do the same for my small business. It’s great at tax time for answering my accountant’s questions.


I keep the sheets yearly in a folder. They take up less room than all my bills and statements.  I can go back and reference actual statements if needed but 9 times out of 10 my accounting worksheet is all I need!


Download the sample worksheet and use it as a sample format for your own household:




(Note: download isn’t working quite right so you can also view the images below until it’s fixed!)


What about you? Do you have any tips or tricks to keeping your finances organized and under control?
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Article Posted 4 years Ago

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