![]() It’s designed to help you keep track of your overall financial status giving you a snapshot of your assets, investments, and liabilities at any given moment. Here's how you can set it up:ġ Open a new spreadsheet in your preferred program, such as Google Sheets or Microsoft Excel.Ģ Create the following columns: "Debt Description," "Amount Owed," "Amount Paid," "Remaining Balance."ģ In the "Debt Description" column, list each debt, such as "Tablet Paid Off" or "Service for Line 1."Ĥ In the "Amount Owed" column, enter the total amount owed for each debt.ĥ In the "Amount Paid" column, enter the amount paid for each debt.Ħ In the "Remaining Balance" column, subtract the amount paid from the amount owed to calculate the remaining balance.ħ To calculate the credits, create another table with the following columns: "Payment Date," "Amount Paid," "Line 1 Credit," "Line 2 Credit," "Tablet Credit," "Phone Credit," "Remaining Balance."Ĩ In the "Payment Date" column, enter the date the payment was received.ĩ In the "Amount Paid" column, enter the amount paid.ġ0 In the "Line 1 Credit" column, enter -$25.00 if the payment is for Line 1 service.ġ1 In the "Line 2 Credit" column, enter $25.00 if the payment is for Line 2 service.ġ2 In the "Tablet Credit" column, enter $10.00 if the payment is for tablet service.ġ3 In the "Phone Credit" column, enter $30.21 for the first payment, and then any additional amount paid can be applied to the tablet debt.ġ4 In the "Remaining Balance" column, subtract the total credits from the amount owed to calculate the remaining balance.ġ5 Use conditional formatting or color coding to easily identify when a debt has been paid off or is close to being paid off. The Net Worth Statement Template from Spreadsheet 123 for Excel is like a financial health check-up. Then, the number of payments is in cell B3 and loan amount in cell B4. In the Day column, you can list the day of the month that the bill is typically due, such as 1st, 15th, EOM (for end-of-month), etc. To get the monthly payment amount for a loan with four percent interest, 48 payments, and an amount of 20,000, you would use this formula: PMT (B2/12,B3,B4) As you see here, the interest rate is in cell B2 and we divide that by 12 to obtain the monthly interest. This is useful for business and personal use. I would recommend listing them in order of priority, with the most critical bills to pay at the top. The debt reduction calculator is a simple spreadsheet available for Microsoft Excel, OpenOffice, and Google. This template is free excel and spreadsheet debt payoff template. Download your desired debt spreadsheet template. I can help you create a spreadsheet to track the money owed and received. After you enter your start debt amount, the trackers will fill in the goal amounts automatically.
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