Free Monthly Income and Expense Excel Template Download-Complete Guide

August 29, 2023 9.0K views

Monthly expense Excel template can help you improve your personal and household planning. Always have a professional spreadsheet ready for special occasions, weddings, household purchases, etc. that will help you keep track of your household expenses.

Control your budget with easy-to-use templates that you can download and customize. Below are the best free online top 10 monthly expense Excel template.

PART 1 10 Free Monthly Income and Expense Excel Templates to Download

Monthly Work Schedule Curriculum

A popular tool that helps you plan the entire month of your work plan.

Monthly Sales Plan

Plan your Month ahead. This spreadsheet is ideal for a small company. It helps you to plan employee-wise.

Income and Expense Statement Chart

An attractive visual presentation of your income and expenses. See where you are at a glance.

Financial Income and Expenditure Accounting Statement

This spreadsheet shows your income and expenditure side by side in a simple but attractive format. Easy to understand and take decisions on.

Income and Expenditure Report

This spreadsheet will help you to calculate the profitability department-wise.

Business Accounting Report

A pleasing blue and grey design. This template will help you see a snapshot of your assets and debts after depreciation.

Operating Accounting Income Statement

A comprehensive income and expenditure calculation tool. Suitable for your small business. A detailed cost rundown allows you to see the cost incurred at each step.

Simple Statistical Billing Statement

A simple but detailed dataset of income and expenditure. This is ideal for your day-to-day primary bookkeeping.

Decrease and increase of fixed Assets

This template will come in handy when you want to keep track of the current values of your fixed assets. Fixed asset Book value/Current value tends to change due to depreciation or revaluation.

10 Financial Accounting report

This template helps you to track your income items. Ideal for primary bookkeeping, but you will have to extract data from this spreadsheet if you want to see trends.

How to Edit These Free Monthly Income and Expense Excel Templates?

Want to unleash your creativity and personalize your Excel templates? Easy. Just read on.

Step 1: Open the Template

Start by opening the Excel template you wish to edit. You can find various templates online or choose one from your existing collection.

Step 2: Selecting Cells

To change the colour of specific cells, click and drag your mouse to select the desired cells. You can select individual cells or entire columns and rows. Hold down the Ctrl key to select multiple non-contiguous cells.

Step 3: Changing Cell Background Color

With the cells selected, go to the toolbar at the top of the window and locate the "Fill Color" option. It usually looks like a paint bucket. Click on it, and a palette of colours will appear. Please choose the colour you desire by clicking on it.

Step 4: Modifying Fonts

Select the cells or text you want to modify. Locate the font options in the toolbar. Click on each option to customize the text to your liking. Experiment with different combinations until you find the perfect look.

Step 5: Applying Themes

If you want to change the overall look of your template quickly,  Go to the "Page Layout" tab in the toolbar and click "Themes." Click on a theme to apply it to your template. This will change your spreadsheet's colours, fonts, and overall style.

Step 6: Saving Your Customized Template

Once satisfied with your edits, Select "File" in the toolbar and select "Save As." Please choose a location on your computer where you want to save the file and give it a new name.

Part 2. How to Make a Monthly Income and Expense Excel Sheet?

A well-organized monthly income and expense sheet is key to staying on top of your finances and making important adjustments to your spending habits. Now that you've got your hands on those awesome free monthly income and expense templates, let's get down to business and figure out how to make a sensible and practical monthly income and expense statement.

What are Your Financial Goals?

Take a moment to reflect on why you are creating a budget template in the first place. Are you looking to build up your savings, tackle credit card debt, or pay off your mortgage faster? Defining your objectives will provide clarity and motivation as you begin your budgeting journey.

What is Your Monthly Income?

Calculating your monthly income is relatively simple if you earn a fixed salary. Just add your monthly earnings to your budget template.

Identify Your Expenses

It's essential to understand where your hard-earned cash is going. Take a deep breath and gather your bank statements, credit card bills, and receipts. These documents hold the secrets to your spending habits.

Now that you have a clearer picture of your spending patterns, it's time to categorize your expenses in your budget template.

One effective approach is to differentiate between fixed and variable costs.

Fixed expenses are recurring payments that remain relatively consistent from month to month.

Variable expenses are those costs that fluctuate from month to month. They can include grocery bills, dining out, and transportation expenses.

Below are a few other examples of fixed and variable costs

Fixed Expenses

  • Rent payments

  • Bank loan payments

  • Cell phone or internet bills

  • Childcare services

  • Car insurance

Variable Expenses

  • transportation costs

  • Groceries

  • Home maintenance

  • Health care

  • Entertainment costs

Organize Your Budget Template

Consider making the budget template truly yours now that you've included monthly income and expenses. You'll gain greater control over your finances by making your budget planner visually appealing.

  1. Inject some life into your budget template by colour-coding different expenses. For example, you can assign specific colours to distinguish between fixed and variable costs or highlight different spending categories.

  2. Consider organizing your expenses in a way that makes sense. You can list your expenses from largest to smallest. Alternatively, you can arrange them by the date they are due in the month.

  3. Simplicity is key when it comes to budgeting. Ensure that your budget template is easy to read and understand.

Your monthly income and expense excel sheet free download is more than just a collection of numbers; it's a roadmap to financial success.

PART 3 Why Use WPS Office

Get ready to unlock a world of possibilities as we examine why WPS is the ultimate choice for novices and experts alike. From its user-friendly interface to free templates, WPS has got your back.

1. WPS: it is Free!

A powerful software that won't cost you a single dime. That's right, WPS is free! WPS is the perfect solution whether you're on a tight budget or love snagging a good deal. With WPS, you can have it all without spending a penny.

2. User-Friendly for All

Wondering how do I create a complex spreadsheet? WPS Office is designed with simplicity, making it incredibly easy for novices to jump in. Say goodbye to intimidating interfaces and confusing jargon. WPS welcomes users of all skill levels, ensuring a smooth and enjoyable experience.

3. Embrace the Free Membership Benefits

Did WPS Office go the extra mile? Once you've downloaded and installed WPS, you'll gain access to a world of free membership perks. These additional benefits take your template editing game to the next level.

4. Dive into a World of Templates

Creating templates from scratch can be time-consuming and overwhelming. With WPS, you can tap into an extensive library of various template types for free. Say goodbye to tedious manual setups and hello to professionally designed templates.

5. Unleash Your Creativity

WPS simplifies the template editing process and ignites your creative spark. Add a splash of colour, experiment with fonts, and transform your monthly business income and expense worksheet excel into true reflections of your personality. The possibilities are endless!

FAQs about monthly income and expense excel sheet free download

  • Can I use the Excel sheet for long-term financial planning and tracking?

Excel sheets can be an excellent tool for long-term financial planning and tracking. They provide a versatile platform to manage and monitor your finances over an extended period.

1. Budgeting: Excel allows you to create a comprehensive budget encompassing your income, expenses, savings, and investments.

2. Savings and Investments: You can create separate sheets to monitor your savings progress, record investment transactions, and calculate investment returns.

3. Financial Goals and Targets: You can create visual representations like charts or graphs to visualize your long-term goals and monitor your progress.

4. Historical Data Analysis: Excel can track and review your income, expenses, and net worth over time.

5. Scenario Planning: You can model various scenarios, such as changing interest rates, adjusting expenses, or exploring different investment options, to understand the impact on your long-term financial plans.

  • Is the Monthly Income and Expense Excel Sheet compatible with different versions of Excel?

Yes, the Monthly Income and Expense Excel Sheet is generally compatible with different versions of Excel. Microsoft Excel is known for its backward compatibility, meaning that files created in older versions can usually be opened and used in newer software versions.

Monthly income and expense excel sheet free download Now!

Managing our monthly income and expenses is crucial to maintaining financial stability and achieving our financial goals. Excel spreadsheets have become popular for tracking these financial details, offering flexibility and convenience.

The demand for beautiful and user-friendly templates is ever-increasing, but the question remains: where can we find a monthly income and expense excel sheet free download?

Here's where WPS Office comes in. We highly recommend using WPS Office for editing your Excel templates. Not only is WPS Office free to use, but it also offers a user-friendly interface that is perfect for beginners.

Whether you live in india or USA,the key is to start tracking your income and expenses systematically.

Download the monthly income and expense Excel sheet that best suits your needs, or use WPS Office to create your personalized template. Start taking control of your finances today!

15 years of office industry experience, tech lover and copywriter. Follow me for product reviews, comparisons, and recommendations for new apps and software.