How much do I earn

jonregester

I am self employed and have trouble actually putting an exact figure on how much I earn each week.
I know I know all I have to do is add up all the cash cheques bacs transfers and that will give me a figure.
However in my defence the figures change weekly and I am looking for some sort of software that will allow me to input all my monies and just come up with a figure at the end of each week !
Yes I am being lazy
No I don't want one from the inland revenue
No I don't think this is beyond the realms of human endeavour

Thanks for any help in advance and sorry if this is in the wromg place.

Lokolo

Excel or any other spreadsheet software would do.

If you have Microsoft Office, excel can do it for you.

If you don't you can use OpenOffice and use the spreadsheet software in that

dtsazza

jonregester wrote: »

I know I know all I have to do is add up all the cash cheques bacs transfers and that will give me a figure.

It will give you a figure, but it might not be the right one.

That'll give you the revenue that your business is taking in (roughly). Remember to subtract all the necessary costs from this when you're thinking about how much you earn - £2,500 in cheques and transfers in looks great, but if you're spending £1,000 on office rent/bills, £700 on raw materials, £100 on advertising, £200 on (amortised) wear and tear of tools, £100 on travel, £250 on repaying a business loan - then you're only actually turning £150 profit per month.

There's definitely a big difference between the two figures when it comes to budgeting/affordability calculations! So don't forget to account for expenses, both per-unit and fixed. (And especially try to apply long-term expenses such as yearly subscriptions, or buying a new van every three years, as monthly amounts - it'll make your figures more accurate and prevent nasty surprises in month 12!)

diable

Get an accountant to do it for you.