Free Monthly Family Income Template For Excel
Household or family income is an important measurement that can also be used by social workers in determining benefits and by lenders in underwriting loans. Determining the family’s monthly income is not as complicated as it seems. With the help of the Free Monthly Family Income Template for Excel, you can compute for your family’s monthly income using macros that help calculate or automate some features.
The Free Monthly Family Income Template for Excel is a wonderful, professionally designed income calculating template that any family or household can use to compute for the family’s earning every month. This template stands out in its use of macros that help automate computation and allow you to display the data that you want to see for easier analysis and presentation.
The Free Monthly Family Income Template for Excel even allows you to view your data in chart format, allowing you to easily embed visual information in a Word document or PowerPoint presentation.
The template contains a group of spreadsheet tabs. It includes a tab for Instructions and tabs for Budget Planner, Transaction Ledger, Transaction Log, and Dashboard-Chart View. It also includes a tab for each month of the year. The Instruction tab contains clearly written and detailed instructions on how to input data and use the various spreadsheet tabs and macros.
You can create your own monthly family income using this free Excel Template by entering the transactions of your family. Incomes should be entered as credit transactions and expenses as debit transactions.
The template also makes recording data using various expense or income categories much easier using drop-down lists. Categories include Bonus, Pension, Overtime, Net Pay, Gross Pay, Groceries, Dining Out, Electricity, Car Payment, and many more.
This Free Monthly Family Income Template for Excel is also especially helpful for families since aside from helping you keep track of your income and expenses, it also help you create a budget and plan for your family expenditures.