![]() ![]() If you want to sort or hide transactions, you can add a filter to your Google Sheets. If you see ways to simplify this or if you think the spreadsheet is missing an important angle, please let me know in an e-mail or a comment below this post. How to Use Filters to View Spending Categories in Google Sheets. I’ve also left comments throughout the spreadsheet (look for the orange triangle at the upper-right corner of a cell) explaining what goes where. In addition, you’ll see a box in which you can plug in the relevant numbers for a home-office deduction, but I recognize that not every 1099-income type will claim that. Then, list your fixed expenses and how much you spend on. The federal tax rate is sitting at 15.3 as of 2021 and the IRS deducts 0.575 per mile. In order to track your estimated quarterly taxes using the IRS cost per mile method, update the highlighted cells shown below. When possible, I’ve aligned types of costs with TurboTax’s vocabulary to reduce springtime tax-prep confusion. In the lower-left corner, click to plus sign for Add Sheet and change the tab name to Fixed Expenses. The spreadsheet will automatically track your average hourly pay and your average cost of fuel. This template is organized by types of expense, with the biggest categories in my case–travel and meals and entertainment–getting their own sheets. The Monthly Budget Template: This template allows you to. Last but not least, Google itself provides two free expense & budget tracker templates: The Yearly Budget Template: Here you can track your monthly income and expenses and compare it with your budget, either total or by category. Here you go: Make a copy of this template (go to the File menu and select “Make a copy…”) to your Google account and get to work. The Original Google Sheets Budget Tracker. I was glad to give my friend a boost past that phase, and now I want to do the same for any self-employed types reading this. Instead, I had to survive some excruciatingly stupid accounting practices and eventually thumb-wrestle my way to marginal competence. You can break down your income and expenses on the main budget tab while tracking your expenses on the transactions tab. A friend of mine started freelancing at the end of last year, so I decided to give him a boring but useful present: a blank copy of the Google Docs spreadsheet I use to track my expenses.Ī systematic, easily smartphone-accessible way to record the costs of doing business–organized so you can copy the year-end totals into your Schedule C tax form–is exactly the thing I needed when I started freelancing almost eight years ago. ![]()
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