excel skills | service based accounting template · xls file · web view2018-05-03 · salestax...

Excel Skills | Service Based Accounting TemplateAbout this templateOur service based accounting template enables users to record income & expenses and automatically produces a trial balance, income statement, cash flow statement and balance sheet. The template also includes an automated invoice, customer statement and customer age analysis. The default accounts can be customized and an unlimited number of additional accounts can be added. It also accommodates sales tax calculations and multiple bank accounts. After completing the initial template setup, the template can be rolled forward or back by simply changing the reporting year in a single input cell.About our unique templatesOur unique, practical templates produce results that are more comparable to software solutions than regular Excel templates. Most Excel templates only contain limited functionality but our templates produce complex automated reports based on limited user input. You also don't need advanced Excel skills in order to use our templates - all our templates only require basic user input and include comprehensive step by step instructions.About this sample fileThis Excel document is only a sample of the service based accounting template. We’ve created this sample to enable customers to view the layout and features of this template. You will therefore not be able to use this version of the template - the full version of the template can only be downloaded after buying the template or a full membership of the Excel Skills website.Our full membership includes:■ Access to all 40+ of our unique Excel templates■ 365 days access to our 300+ Excel video tutorials

Buy this templateenable editing & click here

Excel Skills | Service Based Accounting TemplateAbout this templateOur service based accounting template enables users to record income & expenses and automatically produces a trial balance, income statement, cash flow statement and balance sheet. The template also includes an automated invoice, customer statement and customer age analysis. The default accounts can be customized and an unlimited number of additional accounts can be added. It also accommodates sales tax calculations and multiple bank accounts. After completing the initial template setup, the template can be rolled forward or back by simply changing the reporting year in a single input cell.About our unique templatesOur unique, practical templates produce results that are more comparable to software solutions than regular Excel templates. Most Excel templates only contain limited functionality but our templates produce complex automated reports based on limited user input. You also don't need advanced Excel skills in order to use our templates - all our templates only require basic user input and include comprehensive step by step instructions.About this sample fileThis Excel document is only a sample of the service based accounting template. We’ve created this sample to enable customers to view the layout and features of this template. You will therefore not be able to use this version of the template - the full version of the template can only be downloaded after buying the template or a full membership of the Excel Skills website.Our full membership includes:■ Access to all 40+ of our unique Excel templates■ 365 days access to our 300+ Excel video tutorials

Buy this templateenable editing & click here

Register for a full membershipenable editing & click here

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Excel Skills | Service Based Accounting TemplateInstructions

The template includes the following sheets:

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Our service based accounting template enables users to record income & expenses and automatically produces a trial balance, income statement, cash flow statement and balance sheet. The template also includes an automated invoice, customer statement and customer age analysis. The default accounts can be customized and an unlimited number of additional accounts can be added. It also accommodates sales tax calculations and multiple bank accounts. After completing the initial template setup, the template can be rolled forward or back by simply changing the reporting year in a single input cell.

Note: The main difference between our Basic and Service Based accounting templates is that the Service Based template also includes customer details and invoicing. If you do not need to produce invoices for customers, the Basic accounting template should be used.

Setup - enter your business & banking details and customize the sales tax codes and bank codes. The business & banking details are included on the automated invoice and customer statement. The sales tax codes & percentages are used to calculate sales tax on all income & expense transactions and bank codes can be used to allocate transactions to multiple bank accounts. The first financial year, reporting year and year-end input cells determine the monthly periods that are included on the trial balance, income statement, cash flow statement and balance sheet.

Groups - this sheet contains the default list of account groups that are used in this template. You can customize the descriptions of the account groups but we do not recommend changing the account group keys. Additional account groups can be added and inserted in the appropriate location on the income statement, cash flow statement and balance sheet.

TB - this sheet contains a full list of the accounts that are included in the template and a trial balance which is automatically calculated based on the transactions that are entered on the Income and Expenses sheets. The default accounts list can be customized by editing the existing accounts or by inserting new rows for additional accounts. The period for which the trial balance is calculated is determined by the month-end period that is selected at the top of the sheet in column G.Customers - create unique customer codes for all customers and enter their billing details. The sheet also includes an automated calculation of outstanding balances and an ageing of customer account balances which can be calculated based on any user defined date.Income - all income and other receipt related transactions should be entered on this sheet. The columns with yellow column headings require user input and the columns with light blue column headings contain formulas that should be copied for all new transactions that are added to the sheet.Invoice - this sheet contains an automated tax invoice. Simply enter the appropriate invoice number and the rest of the sheet is automatically populated based on the details recorded on the Setup, Income and Customers sheets.Statement - this sheet contains an automated customer statement. Simply select the appropriate customer code, enter the statement date and the rest of the sheet is automatically populated based on the details recorded on the Setup, Income and Customers sheets.Expenses - all expense and other payment transactions should be entered on this sheet. The columns with yellow column headings require user input and the columns with light blue column headings contain formulas that should be copied when adding new transactions to the sheet. We also recommend entering all journals on this sheet.IS - the monthly income statement on this sheet is automatically compiled based on the transactions that are recorded on the Income and Expenses sheets. The 12 monthly periods that are included in the report are determined based on the reporting year that is specified on the Setup sheet.CFS - the monthly cash flow statement on this sheet is automatically compiled based on the income statement and balance sheet calculations.BS - the monthly balance sheet on this sheet is automatically compiled based on the transactions that are recorded on the Income and Expenses sheets. All the line items are set to report account group totals but you can include individual accounts by changing the keys in column A.Bank - this sheet contains an analysis of bank account movements on a daily basis (for the selected month) and on a monthly basis for the current financial year. Aside from selecting the bank code and month, no user input is required on this sheet.SalesTax - this sheet contains a monthly analysis of sales tax calculations. All the calculations on this sheet are automated and can be used for sales tax returns. You can also display monthly values based on individual sales tax codes by selecting the appropriate sales tax code at the top of the sheet.

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Setup

Sales Tax Codes

The first step in setting up the template for your business is to enter your business details at the top of the Setup sheet. Your business name is included as a heading on all the other sheets and the other business details are included on the tax invoice & customer statement. You also need to enter the first financial year & the reporting year, select a year-end month and maintain your sales tax & bank codes on the Setup sheet.

The first financial year that is entered on the Setup sheet is very important because it determines the first period that will be included in the template calculations. The year that is specified in this input cell also determines the effective date for which opening balance sheet balances should be entered in column C on the TB sheet.

Note: Once you have set the first financial year that needs to be included in the template, you need to use a trial balance as at the end of the previous financial year (as generated in your previous accounting solution) to enter the balance sheet opening balances in column C on the TB sheet. The total of all the balance sheet opening balances needs to be nil in order for the balance sheet to balance.

This template can only be used for full financial years. The template does not make provision for entering opening balances for income statement items and you therefore need to start with data for a full financial year. If you therefore switch from another accounting solution to our template, you need to recapture all your income & expenses as from the first day of the first financial year that is included in the template.

The reporting year that is entered on the Setup sheet determines the 12 monthly periods that are included on the income statement, cash flow statement and balance sheet. The IS, CFS and BS sheets include 12 monthly periods - these periods and the calculations that are automatically performed on these sheets can therefore be amended by simply changing the reporting year on the Setup sheet to include a new 12-month financial period in these reports.

Note: The first financial year basically needs to be set once when you start using the template but the reporting year can be used to roll the 12-month financial period that is included in the template forward or back by simply changing the year in this cell. The template can be used for multiple financial years and all template calculations are updated automatically when you change the reporting year.

You also need to select the appropriate year-end month from an input cell on the Setup sheet. This selection is used to determine the start date and the end date of each financial year and also determines the date on which opening balance sheet balances need to be included on the TB sheet.

The template accommodates an unlimited number of sales tax codes. You can include as many sales tax codes as you want by editing the default list of sales tax codes on the Setup sheet and adding additional sales tax codes by inserting the required number of additional rows, entering a sales tax code (use letters between A and Z) and entering the appropriate sales tax percentage.

The sales tax codes that are included in the list on the Setup sheet are automatically included in the drop-down lists in the Sales Tax Code columns on the Income and Expenses sheets and the relevant percentages are automatically used to calculate the sales tax amounts on the same sheets.

We have also included a SalesTax sheet which is automatically calculated and requires no user input. This sheet contains a monthly analysis of sales tax amounts and can be used to populate sales tax returns. The calculations can also be displayed for a specific sales tax code by simply selecting the appropriate code from the list box at the top of the sheet. When you then clear the contents of the list box, totals for all sales tax codes are displayed.


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Bank Accounts

Banking Details

The template also accommodates an unlimited number of bank accounts. You can include as many bank accounts as you want by editing the default list of bank account codes on the Setup sheet and adding additional bank account codes by inserting the required number of additional rows, entering a bank account code and entering a description of the bank account. You also then need to copy the formulas in columns D and E (indicated with light blue cell background) from one of the existing bank account codes.

Note: When adding bank account codes, we recommend inserting new rows anywhere above the JC bank account code and using a two character bank code for all new bank accounts. The JC bank account code is reserved for journal entries and the default code for this bank code should not be changed. Journals do not really have a cash effect but we are using the JC code to facilitate including general ledger journal type entries in the template.

All the bank codes that are added to the Setup sheet are automatically included in the drop-down list boxes on the Income and Expenses sheets and are available for selection immediately after being added to the Setup sheet. If the default number of bank account codes (four including petty cash) is not sufficient for your requirements and you have added additional bank account codes to the Setup sheet, you also need to add these bank account codes to the TB and BS sheets.

Note: It is very important that you add the additional bank account codes to the TB and BS sheets otherwise your trial balance and balance sheet will not balance!

The bank accounts on the TB sheet are part of the control accounts section at the bottom of the sheet. If you need to add additional bank codes, we recommend doing so above the JC bank account (BS-BJC in column A). Adding the additional bank account codes is a simple exercise - insert the required number of additional rows and copy the formulas from one of the existing bank account rows. The template will automatically display your bank account codes in the same sequence as they are included on the Setup sheet.

After adding the additional bank account codes to the TB sheet, you also need to add the new codes to the BS sheet. The procedure to follow is again really simple - insert the required number of additional rows above the JC bank account code (BS-BJC key in column A) and copy the formulas from one of the existing rows. You can copy the entire row to ensure that you have included the formulas in all columns. The formulas will automatically pick up the correct bank account codes.

Note: If an additional bank account has been added to the Setup sheet and not included on the TB or BS sheets, the appropriate row will contain an "add!" status in column D or E. This indicates that the bank account still needs to be added to the appropriate sheet.

Note: We have also included a Bank sheet in the template which enables users to analyse bank account movements in a lot more detail especially when preparing bank reconciliations. This sheet enables users to select a bank account code and month at the top of the sheet in order to display daily and monthly bank account movements. Aside from selecting the bank code and month, the sheet requires no user input.

The information that is entered in the banking details section is included on the tax invoice. If you clear the default data from the input field, no banking details will be included in the section at the bottom of the invoice. If you do enter banking details and you change the description of the input fields, these changes will also be affected on the tax invoice on the Invoice sheet.

Note: The last input field provides for any text that you want to display at the bottom of the banking details section on the Invoice sheet.


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Input Error Codes

Account Groups

The input error codes at the bottom of the sheet are included for information purposes only and provide users with a reason for the error codes that may be encountered when entering transactions on the Income and Expenses sheets. These error codes are covered in more detail in the Error Codes section of these instructions.

The accounts that are included on the income statement, cash flow statement and balance sheet are based on a pre-defined account structure which consists of pre-defined account groups that are used to populate the appropriate line items. A detailed list of these account groups is included on the Groups sheet.

Note: Changes to the Groups sheet do not influence any of the calculations on the other sheets and only have an effect on the account group descriptions that are included on the IS, CFS and BS sheets. If you want to make changes to our default account groups, we only recommend doing so if absolutely necessary and that you customize existing account groups before considering adding new account groups. Customizing similar, existing account groups which are not required is a lot easier than adding new account groups.

Note: If you do not change any of the default account groups, it is not necessary to review the rest of the instructions in the Account Groups section.

The description of line items on the balance sheet can be changed quite easily by changing the description of the appropriate account group on the Groups sheet and then changing the account descriptions of the appropriate accounts which are included in the account group on the TB sheet. Account groups can accommodate up to 100 individual accounts which are linked to the account group by the same first 5 account number characters.

Example: The account group key for property, plant & equipment (cost) is BS-00 and the account group is included as a group total on the balance sheet (key of BS-00G) which means that all accounts that start with BS-00 will be included in this account group total on the balance sheet. The default account number for Land & Buildings (cost) is BS-0005 which starts with BS-00 and therefore forms part of this account group.

The same account integration principle is applied to most balance sheet account groups where the default integration is to report account group totals (as indicated by the "G" at the end of the account group keys). Although it is not difficult to add new account group keys to the Groups sheet and to then include the new keys in the balance sheet or income statement, there is a risk of balance sheet imbalances occurring if the cash flow statement movements are not included correctly. We therefore recommend completing the following steps if you want to add new account groups to the income statement or balance sheet:

■ Scan the Groups sheet for similar items which you are not going to use. For an item to be similar, it needs to be of the same nature as the item that you want to add. For example, current assets can only be replaced by other current assets and liabilities can only be replaced by other liabilities. If the items differ in nature, you should add a new account group instead of using an existing one.

■ If no suitable existing item can be found, insert a new row and add a new account group by entering the appropriate account group key and a description for the account group. When adding keys, you need to stick to the principle of a five character key which is unique and account numbers that need to be linked to this key, need to also start with the same five characters followed by a number between 00 and 99.

■ When adding new account groups, we suggest using the next available account group number after the "BS-". The default balance sheet account groups end after "BS-20" which means that the first available account group is "BS-21". The default income statement account groups end after "IS-10" which means that the first available account group is "IS-11".

■ After adding the appropriate account group to the Groups sheet, go to the TB sheet and add the required individual accounts which need to be included in the account group total on the balance sheet. Remember that the appropriate account numbers all need to start with the same first five characters as the account group and refer to the New Accounts section of these instructions for guidance on adding new accounts to the TB sheet.


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Chart Of Accounts & Trial Balance

Chart of Accounts

■ Next, you need to add the new account group to the income statement or balance sheet. This is relatively simple - find a similar income statement or balance sheet item, insert a row above or below it, copy the entire row from the existing item into the new empty row and then change the account key in column A so that the new account group that you just created on the Groups sheet will be included in the calculations in the new line. For example, if your new account group has been created as BS-21, the key in column A on the balance sheet should be "BS-21G". Only similar items with a green key in column A should be used - the items with orange keys are custom formulas which cannot be copied for similar line items!

■ After adding the new account group to either the income statement or balance sheet, make sure that the total that this item is included in is correct. For most income statement or balance sheet items, this should automatically be the case but in some instances especially with regards to the income statement, you may need to edit some of the default formulas to ensure that the new account group is taken into account in the relevant totals.

■ Next, if you have added a new balance sheet account group, you will also need to make changes to the cash flow statement. Income statement items are included in a cash flow statement by including a profit or loss from the income statement and it therefore probably won't be necessary to make changes to the cash flow statement if you have added a new income statement account group.

■ If necessary, find a similar balance sheet item on the cash flow statement (CFS sheet), insert a new row above or below it, copy the entire row from the existing, similar line item and enter the new key in column A. Only similar items with a green key in column A should be used - the items with orange keys are custom formulas which cannot be copied for similar line items!■ You also need to ensure that the appropriate total on the cash flow statement includes the new account group which has been added otherwise your balance sheet may not balance.

As you can see, it becomes relatively complex when needing to add new account groups to the template and it is therefore much easier to change the descriptions of one of the existing line items in order to accommodate new or renamed account groups.

Note: Refer to the Account Integration section of the instructions for guidance on how to include individual accounts on the income statement or balance sheet. This section is part of the main Trial Balance section below.

The TB sheet has a dual purpose - it contains the chart of accounts which represents a detailed list of the account numbers which are available for the allocation of transactions & the reporting of transaction totals and it contains a detailed trial balance which is automatically calculated based on the transactions that are recorded on the Income and Expenses sheets and allocated to accounts in the Account Number columns.

The default chart of accounts on the TB sheet includes all the individual accounts that have been created in each of the default account groups. Account groups constitute the first 5 characters of the account number and the individual account numbers are represented by the next two characters in the account numbers. Each account group can therefore accommodate up to 100 account numbers (00 to 99).

Note: The template has been designed based on a fixed account number format. All account numbers start with a two character code which identifies whether an account is an income statement account (IS) or a balance sheet account (BS) followed by a hyphen, the two-digit account group (as listed on the Groups sheet) and a two-digit account number. This default account number format should not be deviated from otherwise the template calculations may not be accurate.

The template can be customized for your business by reviewing the accounts that are included for each account group (as per the Groups sheet), changing the account descriptions in column B (where required) and inserting additional accounts if the number of accounts that are provided for in the default chart of accounts are not sufficient.


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Account Integration

■ Group - individual account balances will be included as a group total on the income statement or balance sheet.■ Account - individual account balances will be included on the income statement or balance sheet.

Additional accounts can be created on the TB sheet by inserting a new row, entering the appropriate account number, entering an account description and copying the formulas in columns E to H from one of the existing rows. We also recommend inserting the new row in the appropriate location based on the account number sequence (in an ascending order). The list boxes in the Account Number columns on the Income and Expenses sheets include the accounts in the same sequence as on the TB sheet - if account numbers are therefore not added in the correct order, it may be confusing when selecting accounts.

Note: All new accounts need to be created within the existing account group structure (as per the Groups sheet) otherwise the template calculations may not be accurate and your balance sheet may not balance. New account groups can be created as per the Account Groups section of the instructions.

Note: You can also delete any of the default accounts that are included in the chart of accounts on the TB sheet if they are not required for your business. Just be careful when doing so - if you have allocated transactions to an account and you subsequently delete it, it may cause errors and template imbalances!

The template provides for including accounts as a group total or as individual accounts on the income statement, cash flow statement and balance sheet. If an account is integrated on an account group basis on the IS, CFS or BS sheets, the key in column A should contain the appropriate account group number followed by a "G". If an account is integrated on an individual account basis, the key in column A on the IS, CFS or BS sheets should be the full account number with no additional characters at the end.

Note: If the accounts in an account group are integrated on an individual account number basis, you need to manually add all the individual accounts to the appropriate sheet in order to ensure that all accounts that are included in the appropriate account group are included on the appropriate sheet. If an individual account in the appropriate account group is omitted and transactions are allocated to it, the balance sheet may not balance.

If you stick to the default account numbers and do not add any new accounts, you do not need to be concerned about the integration because all accounts will be included correctly. If you make changes to the account groups or account numbers, it is important to ensure that you have added account groups or accounts where necessary otherwise the template calculations may become inaccurate.

We have therefore added an account status in column H on the TB sheet where it is necessary to check the integration of an account (not necessary for control accounts). This column can have any of the following statuses:

■ Error! - this status means that an account number has been created but no integration could be found for the new account number. You should check the account number format that you have entered and correct it if necessary. If the account number is correct, the error is probably the result of the account number not being included on the income statement or balance sheet.

■ Double! - this status means that an account number integration has been added for the account number on both the individual account number and account group basis. If the integration for an account group is set up in such a way that accounts are integrated individually, you cannot also integrate the accounts on a group basis because the affected account balances will be included twice. The template calculations will be inaccurate if there is double integration. If individual account integration is applied, all the individual accounts that form part of an account group need to be included individually on the income statement or balance sheet.

Note: If any row on the TB sheet contains an error or double status, the appropriate cell will be highlighted in red until the error is fixed. These errors usually result in imbalances on the balance sheet and therefore need to be fixed before the template calculations will be accurate.


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Note: Only the Income and Expenses account groups (excluding interest, taxation, dividends & other income and expenses) are integrated on an individual account basis by default. If you therefore add additional accounts to these account groups or change any of the default account numbers in these sections, you will need to manually make the same changes to the appropriate items on the IS sheet.


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Control Accounts

Opening Balances

Note: If you need to add a line to any section of the income statement or balance sheet, insert a new row in the appropriate location, copy the formulas in all columns from one of the existing rows and change the key in column A to the appropriate full account number. The calculations will be updated automatically and the error on the TB sheet in the Status column should be resolved.

Control accounts are accounts that have a specific purpose in the context of the template design and can therefore not be edited or selected for the allocation of transactions. These accounts are automatically calculated based on the transactions that are recorded on the Income & Expenses sheets and are included individually on the balance sheet and cash flow statement. This is also why all the control accounts are included in a separate section below the other accounts on the TB sheet.

Note: Control accounts include all the individual bank accounts, a trade debtors account, trade creditors account and a retained earnings account. These accounts are integral to the proper functioning of the template and should not be amended in any way (aside from adding additional bank accounts if required).

If you are using the template for an existing business, you will need to enter the appropriate balance sheet opening balances as at the end of the year before the first financial year that is included in the template (as specified on the Setup sheet) in column C on the TB sheet. The template can only be used for full financial years and opening balances can therefore only be entered for balance sheet accounts.

If you switch to our accounting template during the financial year, you need to enter the balance sheet accounts opening balances for the previous financial year as the template opening balances in column C on the TB sheet and record all transactions from the first day of the financial year on the Income and Expenses sheets.

Note: The balance sheet opening balances should be based on a trial balance produced in your previous accounting solution as at the end of the financial year immediately before the first financial year that is included in the template. After entering all the opening balances, you also need to make sure that the total at the bottom of the TB sheet is nil otherwise your balance sheet will not balance.

Note: The opening balances of all asset accounts should be entered as positive values and the opening balances of all liability & equity accounts should be entered as negative values. This should be exactly as they are reflected on the trial balance in your previous accounting software.

All the opening balances that need to be entered on the TB sheet contain yellow cell backgrounds. The opening balances for the individual bank balances, the trade debtors line and the trade creditors line in the Control Accounts section however contain light blue cell backgrounds. This is because the subsequent movement in these opening balances will have an effect on the cash flow during the first financial period that is included in the template. These opening balances should therefore be entered on the Income or Expenses sheets and will be calculated automatically on the TB sheet based on the formulas which have been included in column C.

Note: The total of all opening balances in column C on the TB sheet should still be nil and the formulas in the cells with light blue column headings in the control accounts section should not be amended in any way or replaced by values otherwise the template calculations will be inaccurate. If the total in column C is not nil, it is not as a result of any formula but as a result of opening balances not being entered correctly. DO NOT therefore change any of the formulas in the cells with light blue cell backgrounds!

The opening balance for each of the bank codes that are included on the Setup sheet should be entered on the Income sheet as positive values. The month-end date of the month that precedes the first financial year which is specified on the Setup sheet should be entered in the invoice/document date and payment date columns. This approach will ensure that the opening bank balances are calculated correctly on the TB sheet.


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Trial Balance

Example: If the opening B1 bank balance is $5,000 and the first day of the financial year is 1 March, an opening bank balance transaction needs to be recorded on the Income sheet with an inclusive invoice amount of $5,000, a document date & payment date of 28 February, an exempt sales tax code (with a zero sales tax percentage), a bank code of B1 and a payment amount of $5,000. This balance will then be included automatically as the opening B1 bank balance in column C on the TB sheet.

The opening trade debtors balance should also be entered on the Income sheet. You can enter the total in one row or enter the outstanding invoices individually (we recommend the latter because all outstanding invoices may not be paid on the same date). The invoice date that is entered in column B should be before the first day of the first financial year that is specified on the Setup sheet and the payment date should be the actual payment date (which will obviously be after the first day of the first financial year that is included in the template because the invoice is outstanding at the beginning of the first financial year).

Example: If a company's year-end is February and the opening trade debtor balance at 28 February of the year before the first financial year which is included in the template consists of two invoices, enter the actual invoice dates in the Invoice Date column (the invoices should be dated on or before 28 February). The payment date column can be left blank until the invoices are paid and the actual date when the payment is received should be entered in the Payment Date column with the actual payment amount in the Payment Amount column. The opening trade debtor balance will then automatically be calculated and included on the TB sheet.

The opening trade creditors balance should be entered on the Expenses sheet (as a positive amount). You can enter the total in one row or enter the outstanding invoices individually (we recommend the latter because all outstanding invoices may not be paid on the same date and will also probably be paid to different suppliers). The document date should be before the first day of the first financial year that is included in the template (as per the Setup sheet) and the payment date should be left blank until the appropriate supplier has been paid.

Example: If the opening trade creditor balance at 1 March consists of two invoices, enter the actual invoice dates in the Document Date column (the invoices should be dated on or before 28 February). The payment date column can be left blank until the invoices are paid and the actual date when the invoices are paid then needs to be entered in the Payment Date column. The opening trade creditors balance will then be calculated automatically and included on the TB sheet as a negative amount because trade creditors are liabilities.

Note: When recording opening balances for bank accounts, trade debtors and trade creditors on the Income and Expenses sheets, we recommend assigning these entries to a balance sheet account and using a sales tax code which does not result in the calculation of sales tax (code E in the standard template). Any balance sheet account can be used but we recommend using account BS-0799 which is the Cash Transfer Control account.

The TB sheet effectively combines the chart of accounts and trial balance features. The trial balance consists of the opening balances at the start of the reporting period (which is specified on the Setup sheet), the account movement for the appropriate financial year and the closing balance at the end of the selected monthly period during the current financial year. All of these trial balance calculations are automatically calculated and included in columns E to G on the TB sheet.

Note: The closing balances in column G are calculated based on the monthly period which is selected at the top of the sheet in the cell with the yellow cell background. If the reporting year on the Setup sheet is amended in such a way that the selected monthly period does not fall within the current financial year, this cell will be highlighted in red. You then need to select a valid month in order for the red highlighting to be removed.

The monthly periods that are available for selection are the same as the monthly periods that are included on the monthly income statement, cash flow statement and balance sheet. You are therefore able to view a trial balance for any of the monthly periods in the current financial year by simply selecting the appropriate monthly period from the list box at the top of column G.


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Adding new bank accounts

Customer Accounts

A trail balance for any previous financial period which has been included in the template can also be viewed by simply changing the reporting year on the Setup sheet and then selecting the appropriate monthly period from the list box at the top of column G on the TB sheet.

The template includes five default bank codes but you can add an unlimited number of additional bank codes (or accounts) by adding the appropriate bank account codes & descriptions to the Setup sheet. The new bank codes then also need to be added manually to the control accounts section on the TB sheet.

This is actually a very simple exercise - simply insert the required number of new rows anywhere between the existing bank accounts in the control account section and copy the entire row from one of the existing bank account rows. All the formulas are automatically calculated & updated with the correct bank codes.

Note: Also remember that opening balances for all bank accounts need to be recorded on the Income sheet. If you add additional bank accounts to the TB sheet, the opening balances also need to be added to the Income sheet.

The Customers sheet can be used to create unique customer codes and enter the billing details of all customers. The customer codes that are created on the Customers sheet are included in a list box in the Customer column on the Income sheet. We therefore recommend using an abbreviated version of the customer name when creating customer codes because you will not need to refer back to the Customers sheet in order to select the appropriate customer code when recording transactions on the Income sheet.

Note: All the customer codes that are added to the Customers sheet need to be entered in a continuous cell range otherwise some customer codes may not be included in the list boxes on the Income sheet. You should therefore not insert any blank rows between the rows that contain data.

The other user input columns on the Customers sheet consist of the billing name, billing address and the customer's sales tax reference number. These details are included on the invoice and customer statement by linking the customer details on the Customers sheet to the customer code which is selected on the Income sheet.

Note: You are required to select a customer code when recording all income transactions. If you therefore have a lot of cash customers, it may be pointless to create individual customer codes for all of these customers. We therefore recommend setting up a default customer code that can be used when entering any transaction where a customer code is not required. The customer information that is entered for this code on the Customers sheet will however be included on the tax invoices for the transactions that are allocated to the default customer code. The customer information should therefore be left blank if you don't want to include it on the tax invoice or you can include a general description like "Cash" instead.

Note: The Income sheet contains invoices and all other receipt transactions. For some of these transactions there may not be a specific customer and you may therefore want to create a default customer code that can be used to record all transactions where an individual customer code may not be applicable.

The Customers sheet also contains a number of calculated columns that contain formulas which should be automatically copied when adding new customer codes to the sheet. These columns contain a calculation of the outstanding balances of customers which can be calculated for any user defined date by simply entering the appropriate balance date at the top of the sheet.

The sheet also contains an ageing of the outstanding customer balances. The ageing on this sheet is calculated based on calendar months and also based on the balance date that is specified. If no balance date is specified, the current system date is used.


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Recording Transactions - Income

The Income sheet contains the following user input columns:

All income and other receipt transactions should be recorded on the Income sheet. User input is only required in the columns with yellow column headings. All the columns with light blue column headings contain formulas which should be copied when adding new transactions to the sheet.

Note: All the transactions that are recorded on the Income sheet need to be entered in a continuous cell range otherwise some transactions may not be included in the template calculations. You should therefore not insert any blank rows between the rows that contain data.

Invoice Number - enter your invoice number or the appropriate transaction reference for cash receipt transactions. This column should always contain a value - if you do not issue document numbers for all your invoices & receipts, any unique transaction reference can be used.Invoice Date - enter the date of the tax invoice or the bank statement date for cash receipt transactions. We've added data validation to this column to ensure that only valid dates are entered - you therefore need to ensure that you enter dates in accordance with the regional date settings that are specified in the System Control Panel.Customer - select a customer code from the drop-down list in this column. All customer codes that have been added to the Customers sheet will be available for selection. A generic customer code can be added to the Customers sheet and used for all transactions where a customer code is not applicable.Description - enter a transaction description in this column.

Tax Inclusive Amount - enter the transaction amount inclusive of sales tax. Income and receipts should be entered as positive amounts but if you have an expense or payment type transaction that is of an income or receipt nature, the transaction can be entered as a negative value. For example, entering a credit note that relates to an invoice that has been recorded previously. In most instances, expenses should however be recorded on the Expenses sheet.

Tax Code - this column contains a drop-down list which enables you to select one of the tax codes which have been added to the Setup sheet. The sales tax percentage which is applied to the transaction is determined based on the sales tax code that is selected. If your business is not registered for sales tax purposes, all transactions should be recorded by using a sales tax code which has a zero percentage on the Setup sheet. If no sales tax code is selected, no sales tax will be calculated.Bank Code - this column contains a drop-down list which includes all the bank codes that have been added to the Setup sheet. Select the bank code of the bank account that will be affected by the particular transaction. Note that it is imperative that a bank code is assigned to each transaction.

Account Number - the drop-down list in this column contains all the account codes (and descriptions) that have been created on the TB sheet. You therefore need to create the appropriate account on the TB sheet before transactions can be allocated to the account. An account number should be selected for every transaction otherwise template imbalances may be encountered.Payment Amount - when a customer pays an invoice, the payment amount should be entered into this column.

Payment Date - enter the actual payment date in this column. The date that should be entered in this column should be the date on which the payment was received from the customer. The payment date and payment amount should be left blank if payment has not been received from the customer - the outstanding amount will then be included in trade debtors. Note that the payment date should always be greater than or equal to the invoice date.

The Income sheet contains the following calculated columns - the formulas in these columns should be copied when adding new transactions to the sheet.

Outstanding Balance - if an invoice has not been paid in full, the outstanding balance will be reflected in this column. The outstanding balance is determined based on the balance date that is entered in cell K2 at the top of the sheet. If the balance date contains no value, the current system date will be used to determine which invoices are currently outstanding. You can therefore use the balance date input cell to calculate the trade debtors balance as at any user defined date.

Exclusive Amount - the formula in this column deducts the sales tax amount from the inclusive invoice amount in order to calculate an amount excluding sales tax. For accounting purposes, the exclusive amounts are allocated to the income statement, the sales tax amounts are allocated to the sales tax control account and the inclusive amounts are allocated to trade debtors or bank (depending on whether the amounts have been paid or not).


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Sales Tax Amount - this column contains a formula which calculates the sales tax amount based on the tax code that has been selected in column F. Sales tax will only be calculated if a sales tax code has been selected in column F. The calculation is based on the sales tax percentages that are specified on the Setup sheet.


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Filtering Transactions

Invoices with Multiple Lines

Inclusive Amount - this column is based on the inclusive invoice amount which the user enters in column E.

Unique INV - the formula in this column is used to determine whether the invoice number is unique. Invoices can be entered in multiple lines and this formula is used to prevent the duplication of the calculation of outstanding invoice balances.ST1 - the formula in this column is used to identify the appropriate list of outstanding invoices which needs to be included on the customer statement.

Error Code - this column will contain an error code if there is a problem with the input in any of the previous columns. All the error codes that are displayed in this column should therefore be corrected in order to ensure that all the template calculations remain accurate. Refer to the Error Codes section of these instructions for more information about the reasons for an error code and how to resolve it.

Note: The drop-down lists in the Account Number column contains both the account number and description but only the account number should be selected when allocating transactions. Excel doesn't actually allow the inclusion of two columns in a drop-down list but we have implemented a work around to provide the account description together with the account number in the drop-down list. The disadvantage of this work around is that you will not be able to enter account numbers - you either need to select the account number from the list or copy a similar transaction that you have entered before. The column will also contain an error indicator which refers to a data validation error - this is to be expected because of the work around that we implemented and can safely be ignored.

All the transactions that are entered on the Income sheet are automatically updated to the other sheets in this template. It is therefore imperative that all transactions are entered according to the guidance that is outlined in this section of the instructions otherwise it could result in imbalances in the template.

All the column headings on this sheet contain a filter selection arrow - this feature indicates that the Filter feature has been activated for the data on this sheet. This Excel feature is very useful when you need to filter the data that forms part of a table based on the filter criteria that are available after clicking the selection arrow.

Example: If you only want to display the income transactions for a particular invoice or payment month, you can filter the data based on the Invoice Date or Payment Date column by selecting the appropriate date filter from the filter menu that is displayed after clicking the selection arrow. After reviewing the filtered data, simply select the "Clear filter" option in the filtered column in order to remove the filter and to display all the transactions on the worksheet.

Note that the visible row numbers are typically displayed in blue when a filter has been applied to the sheet. New transactions should not be entered while a filter is active on the sheet - if you see blue row numbers, all filters need to be removed before data is entered in the next blank row otherwise the Excel table may not extend automatically to include the new transaction.

The sheet also contains totals above the column headings for all columns which contain values and which are suitable for the calculation of transaction totals. The formulas in these cells result in only the transactions that are visible on the worksheet being included in the calculation of the appropriate totals. If you therefore print the sheet while a filter is in effect, the totals above the column headings will be calculated accurately and only include the transactions that have been printed.

If an invoice consists of multiple lines, the invoice needs to be entered by repeating the invoice number, invoice date and customer name in all the rows that relate to the invoice. When the invoice is paid in full, the payment dates need to be repeated in all the lines that relate to the particular invoice and the payment amounts can be copied from the inclusive invoice values for each line.


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Partial Payments

Trade Debtors Balances

Tax Invoice

If a multiple line invoice is partially paid, the payment date and payment amount of the first payment can be entered in the first line that relates to the particular invoice and the other lines need to be left blank. This will ensure that the outstanding invoice balance contains only the part of the invoice which has not been paid. When the next payment is made, the next payment amount and date needs to be entered and if there is still an unpaid part, it will be included in the outstanding balance calculation.

If a partial payment of an invoice occurs, you should only enter the amount that has actually been paid in the Payment Amount column and the appropriate payment date in the Payment Date column. The unpaid balance will automatically be reflected as the outstanding balance for the appropriate invoice.

When the remaining outstanding part of the invoice is subsequently paid, there may not be space to enter the next payment date and amount if the invoice was included in a single line. You therefore need to insert a new row below the original invoice row, copy the original invoice line into the new row, replace the value in the Tax Inclusive Amount column with a zero value and enter the new payment amount & date into the row that has been added. These steps need to be repeated if more than two payments are made for any invoice and there aren't sufficient lines to record payment dates & amounts.

If you want to view the list of invoices which make up any of the monthly trade debtor balances on the balance sheet, simply enter the appropriate month-end date as the balance date in cell K2 and then use the filter arrow next to the column heading in the outstanding balance column to deselect all zero values. All the invoices with balances at the appropriate month-end date will then be displayed.

Note: If the total of all the outstanding invoices does not agree to the balance sheet total, make sure that you have entered a unique invoice number for all invoices in column A and that there are no blank values in column A. If you leave invoice numbers blank, it may result in inaccurate outstanding balance calculations if any of the blank entries have not been paid in full.

An automated tax invoice has been included on the Invoice sheet. You can create, view or print any tax invoice by simply copying or entering the appropriate invoice number into cell D16 on the Invoice sheet. All the information that is included on the tax invoice should be entered on the Setup, Customers and Income sheets and the tax invoice is automatically updated based on the invoice number that is specified.

The invoice heading and business details (business name, business address, contact details, tax reference number and business registration number) are entered on the Setup sheet. The billing name, billing address and customer sales tax number are populated from the Customers sheet based on the customer code that is entered on the Income sheet for the specified invoice.

The invoice date, invoice description and invoice amounts are populated based on the data that is entered on the Income sheet for the specified invoice number. If you need to include multiple items on the same invoice, simply enter the same invoice number in multiple rows on the Income sheet. All the rows on the Income sheet up to a maximum of 20 rows per invoice will automatically be added to the Invoice sheet.

The banking details that are displayed at the bottom of the invoice are entered on the Setup sheet. If you don't want to include your banking details on your invoices, simply delete this section from the Invoice sheet. You can then also delete the banking details section from the Setup sheet.

Note: We have included an image placeholder at the top of the Invoice sheet which can be deleted and replaced by your business logo artwork.


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Customer Account Statement

Recording Transactions - Expenses

An automated account statement has been included on the Statement sheet. You can create, view, print or reprint any account statement by simply specifying the appropriate customer code and statement date in cells H16 and H17 respectively. All the other information that is included on the account statement is automatically compiled based on the data that has been entered on the Setup, Customers and Income sheets.

The business details (business name, registration number, business address, contact details and tax reference number) are entered on the Setup sheet. The customer billing name and billing address are populated based on the information entered on the Customers sheet for the customer code that is selected from the list box in cell H16.

The outstanding balance, the balances in the ageing section and the list of outstanding invoices are all automatically calculated based on the invoice details on the Income sheet, the customer code in cell H16 and the statement date in cell H17.

If the statement date falls on a month-end date, all the ageing calculations are based on calendar months but if the statement date falls on any other day of the month, the ageing calculations are based on the day component that forms part of the statement date.

Example: If the statement date is specified as the 20th of January, all invoices dated between the 21st of December and the 20th of January are included in the "Current" ageing group, all invoices between the 21st of November and the 20th of December are included in the "30 Days" ageing group, all invoices between the 21st of October and the 20th of November are included in the "60 Days" ageing group and so forth.

If the statement date is specified as the 31st of January (a month-end date), the ageing is calculated based on calendar months. For example, all invoices dated between 1 January and 31 January are included in the "Current" ageing group, all invoices dated between 1 December and 31 December are included in the "30 Days" ageing group, all invoices between 1 November and 30 November are included in the "60 Days" ageing group and so forth.

It is also important to note that only the invoices that are outstanding on the statement date are included on the customer account statement. Outstanding invoices are invoices that are dated before the statement date with payment dates that are after the statement date, invoices with blank payment dates which indicate that the invoices have not yet been paid and invoices which have been partially paid.

Account statements are therefore compiled on an open item basis - this means that only open or outstanding items are included on account statements and not all the movements on the customer account during a specific period (opening balances, invoices and payments that are included separately). We believe that this is the most efficient method of compiling account statements because it negates the need for complicated account reconciliations.

Note: The Statement sheet includes a maximum of 30 invoices but you can add additional invoices to this sheet by simply copying the formulas from the last row that contains data (row 60) and pasting them into the appropriate number of additional rows. We recommend that you select the entire row before copying & pasting the formulas.

Note: Invoices are listed on the account statement in the same order in which the invoices appear on the Income sheet. If you therefore want to change the order in which invoices are listed, you need to sort the data on the Income sheet accordingly.

Note: We have included an image placeholder at the top of the Statement sheet which can be deleted and replaced by your business logo artwork.


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All expenses and other payment transactions should be recorded on the Expenses sheet. We also recommend entering all journal entries on this sheet. User input is only required in the columns with yellow column headings. All the columns with light blue column headings contain formulas which should be copied when adding new expense transactions to the sheet.


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The Expenses sheet contains the following user input columns:

Note: All the transactions that are recorded on the Expenses sheet need to be entered in a continuous cell range otherwise some transactions may not be included in the template calculations. You should therefore not insert any blank rows between the rows that contain data.

Document Date - enter the supplier invoice date, date of other supporting document or the bank statement date. We've added data validation to this column to ensure that only valid dates are entered - you therefore need to ensure that you enter dates in accordance with the regional date settings that are specified in the System Control Panel.Supplier - enter the name of the supplier. If the Auto Complete feature is enabled, you should be able to accept its suggestion of the supplier name after entering only a few characters. Note that it is important to enter supplier names accurately if you want to use the Filter feature to display only the transactions for a specific supplier.Reference - enter a reference for the transaction in this column. For example, this could be the supplier invoice number or a more general reference like "Debit Order" or "Bank Statement".Description - enter a transaction description in this column.

Tax Inclusive Amount - enter the transaction amount inclusive of sales tax. Expenses and payments should be entered as positive amounts but if you have an income or receipt type transaction that is of an expense or payment nature, the transaction can be entered as a negative value. For example, entering a supplier claim that relates to a supplier invoice which has been recorded previously. In most instances, income and receipt transactions should however be recorded on the Income sheet.

Tax Code - this column contains a drop-down list which enables you to select one of the tax codes which have been added to the Setup sheet. The sales tax percentage which is applied to the transaction is determined based on the sales tax code that is selected. If your business is not registered for sales tax purposes, all transactions should be recorded by using a sales tax code which has a zero percentage on the Setup sheet. If no sales tax code is selected, no sales tax will be calculated.Bank Code - this column contains a drop-down list which includes all the bank codes that have been added to the Setup sheet. Select the bank code of the bank account that will be affected by the particular transaction. Note that it is imperative that a bank code is assigned to each transaction.

Account Number - the drop-down list in this column contains all the account codes (and descriptions) that have been created on the TB sheet. You therefore need to create the appropriate account on the TB sheet before transactions can be allocated to the account. An account number should be selected for every transaction otherwise template imbalances may be encountered.

Payment Date - enter the actual payment date in this column. The date that should be entered in this column should be the date on which the payment is made to the supplier. The payment date should be left blank if payment has not been made to the supplier - the outstanding balance will then be included in trade creditors. Note that the payment date should always be greater than or equal to the document date.

The Expenses sheet contains the following calculated columns - the formulas in these columns should be copied when adding new transactions to the sheet.

Outstanding Balance - if an expense has not been paid in full, the outstanding balance will be reflected in this column. The outstanding balance is determined based on the balance date that is entered in cell J2 at the top of the sheet. If the balance date contains no value, the current system date will be used to determine which invoices are currently outstanding. You can therefore use the balance date input cell to calculate the trade creditors balance as at any user defined date.

Exclusive Amount - the formula in this column deducts the sales tax amount from the tax inclusive amount in order to calculate an amount excluding sales tax. For accounting purposes, the exclusive amounts are allocated to the income statement, the sales tax amounts are allocated to the sales tax control account and the inclusive amounts are allocated to trade creditors or bank (depending on whether the amounts have been paid or not).Sales Tax Amount - this column contains a formula which calculates the sales tax amount based on the tax code that has been selected in column F. Sales tax will only be calculated if a sales tax code has been selected in column F. The calculation is based on the sales tax percentages that are specified on the Setup sheet.Inclusive Amount - this column is based on the tax inclusive amount which the user enters in column E.

Error Code - this column will contain an error code if there is a problem with the input in any of the previous columns. All the error codes that are displayed in this column should therefore be corrected in order to ensure that all the template calculations remain accurate. Refer to the Error Codes section of these instructions for more information about the reasons for an error code and how to resolve it.


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Filtering Transactions

Trade Creditors Balances

Recording Transactions - Transfers between Bank Accounts

Note: The drop-down lists in the Account Number column contains both the account number and description but only the account number should be selected when allocating transactions. Excel doesn't actually allow the inclusion of two columns in a drop-down list but we have implemented a work around to provide the account description together with the account number in the drop-down list. The disadvantage of this work around is that you will not be able to enter account numbers - you either need to select the account number from the list or copy a similar transaction that you have entered before. The column will also contain an error indicator which refers to a data validation error - this is to be expected because of the work around that we implemented and can safely be ignored.

All the transactions that are entered on the Expenses sheet are automatically updated to the other sheets in this template. It is therefore imperative that all transactions are entered according to the guidance that is outlined in this section of the instructions otherwise it could result in imbalances in the template.

All the column headings on this sheet contain a filter selection arrow - this feature indicates that the Filter feature has been activated for the data on this sheet. This Excel feature is very useful when you need to filter the data that forms part of a table based on the filter criteria that are available after clicking the selection arrow.

Example: If you only want to display the transactions for a particular invoice or payment month, you can filter the data based on the Document Date or Payment Date column by selecting the appropriate date filter from the filter menu that is displayed after clicking the selection arrow. After reviewing the filtered data, simply select the "Clear filter" option in the filtered column in order to remove the filter and to display all the transactions on the worksheet.

Note that the visible row numbers are typically displayed in blue when a filter has been applied to the sheet. New transactions should not be entered while a filter is active on the sheet - if you see blue row numbers, all filters need to be removed before data is entered in the next blank row otherwise the Excel table may not extend automatically to include the new transaction.

The sheet also contains totals above the column headings for all columns which contain values and which are suitable for the calculation of transaction totals. The formulas in these cells result in only the transactions that are visible on the worksheet being included in the calculation of the appropriate totals. If you therefore print the sheet while a filter is in effect, the totals above the column headings will be calculated accurately and only include the transactions that have been printed.

If you want to view the list of expenses which make up any of the monthly trade creditor balances on the balance sheet, simply enter the appropriate month-end date as the balance date in cell J2 and then use the filter arrow next to the column heading in the outstanding balance column to deselect all zero values. All the expenses with balances at the appropriate month-end date will then be displayed.

When funds are transferred between two bank accounts, both the deposit and withdrawal entries need to be recorded. We recommend recording both entries on the Expenses sheet. The deposit entry should be recorded by selecting the bank account into which the funds are transferred and entering the transfer amount as a negative value. The withdrawal entry should be recorded by selecting the bank account from which the funds are transferred and entering a positive amount.

All transfers between bank accounts should be allocated to the Cash Transfer Control account (BS-0799). By using this default account for all bank transfers, you can easily determine when only one of the entries (deposit or withdrawal) has been recorded.


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Recording Transactions - General Ledger Journal Entries

Error Codes

Note: You can check whether the balance of the Cash Transfer Control account is nil by selecting the appropriate month end from the list box in cell G3 on the TB sheet and checking whether the balance for account BS-0799 is nil. If the balance is not nil, the transactions for the appropriate period should be reviewed in order to determine why the allocations to the Cash Transfer Control account do not result in a nil balance.

Note: Petty cash transactions should be treated in the same way as transactions that are processed through a bank account. This means that petty cash reimbursements should also be treated as transfers between bank accounts and allocated to the Cash Transfer Control account. Both the withdrawal out of the appropriate bank account and the "deposit" of cash into the petty cash account should therefore be recorded.

We recommend that all general ledger journal type entries are also recorded on the Expenses sheet. We have basically created a specific bank code for the recording of journal entries so that these transactions will not have any cash effect when recorded incorrectly.

The debit part of the journal entry should be recorded as a positive value and the credit part should be recorded as a negative value on the Expenses sheet. Both entries should be allocated to the JC bank code.

Note: If the debit and credit parts of all journal entries balance to a total of nil, the JC bank account should always have a nil balance. If you therefore notice that the JC bank account has a balance, it means that you have made an error in recording some of your journal entries. You can then filter the Expenses sheet for all transactions with a bank code of JC and filter the document dates for the appropriate month in order to review all the journal entries for the particular month.

The following error codes may result from inaccurate input on the Income and Expenses sheets and will be displayed in the Error Code columns. The heading of the affected input column will be highlighted in orange:

■ E1 - this error code means that the payment date on the Income or Expenses sheet is before the invoice or document date. These errors can be rectified by either amending the appropriate invoice or document date or amending the appropriate payment date.

■ E2 - this error code means that the account number that has been selected on the Income or Expenses sheet is invalid. All the accounts that have been entered on the TB sheet will be included in the account number list boxes and the error can therefore be rectified by simply selecting a valid account number from the list box. New accounts must be created on the TB sheet before being available for selection.

■ E3 - this error code means that the bank account code that has been selected is invalid. All the bank account codes that have been created on the Setup sheet will be included in the bank code list boxes and the error can therefore be rectified by simply selecting a valid bank account code from the list box. New bank account codes must be created on the Setup sheet before being available for selection.

■ E4 - this error code means that the customer account code that has been selected is invalid. All the customer account codes that have been created on the Customers sheet will be included in the customer code list boxes and the error can therefore be rectified by simply selecting a valid customer account code from the list box. New customer account codes must be created on the Customers sheet before being available for selection.

Note: Input errors may result in inaccurate template calculations and it is therefore imperative that all errors are resolved before reviewing the income statement, cash flow statement and balance sheet. These errors may in fact also cause the balance sheet not to balance.


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Income Statement

Cash Flow Statement

All the transactions that are recorded on the Income and Expenses sheets are automatically updated to the monthly income statement which is included on the IS sheet. All of these income statement accounts are reflected exclusive of any sales tax that may be applicable to the source transactions.

The income statement includes 12 monthly periods, an annual total and a column for comparison to a prior year. The reporting periods are based on the reporting year which is specified on the Setup sheet. If you want to amend the 12 month reporting period, you only need to change the reporting year on this sheet in order for the reporting period and all calculations on the IS sheet to be updated.

The default account integration has been set up in such a way that the turnover, operating expenses, staff costs and depreciation & amortization account groups are the only ones that are integrated on an individual account basis. All other account groups are integrated on a group basis which means that all the accounts that are included in the appropriate account groups are included in one total line on the income statement.

Note: You can easily identify a group integration on the income statement, cash flow statement and balance sheet by the key in column A ending in a "G". If the key does not end in a "G" but includes complete account numbers, it means that the appropriate lines are integrated on an individual account basis.

When an account group is integrated on an individual account basis and you make changes to the account numbers on the TB sheet or if you add new accounts to the account group, you basically also need to make the same changes to the income statement or balance sheet. This means that you either need to update the key in column A if the account numbers have been changed or that you need to insert additional lines for new accounts, copy the formulas from one of the existing lines and edit the key in column A to reflect the new account number(s).

The same process can be followed if you want to change the integration of an account group from account group reporting (with the "G" at the end) to individual account reporting. Additional lines need to be added for all the account numbers that form part of the appropriate account group, the formulas in all columns on the sheet can be copied from the existing line and the keys in column A then need to be replaced by the full account numbers. It may also be necessary to update the appropriate total or profit line which the account groups forms part of.

Note: If you change the reporting of any account group from group to individual reporting and you do not include all account numbers on the income statement, your balance sheet may not balance. It is therefore imperative that you add all individual accounts to the appropriate account group if it is set up to report on an individual account basis. Refer to the TB sheet and more specifically the Status column where all integration errors will be highlighted in red.

Note: If you are not going to use any of the default account groups which have been included on the income statement, we suggest hiding the rows instead of deleting them. If you do decide to delete the rows containing the affected account groups, you may have to fix some of the total or profit calculations. After deleting the account groups, you should also delete the individual accounts on the TB sheet that are linked to the appropriate account groups so that no transactions can be allocated to these account groups.

All the transactions that are recorded on the Income and Expenses sheets are also automatically updated to the monthly cash flow statement which is included on the CFS sheet. No user input is required on this sheet.

Note: The same principles with regards to account group integration as included in the Income Statement section applies to the cash flow statement. We do not however recommend changing the default account group integration on this sheet. Most account groups are set to report on an account group total basis and there is no real benefit in switching to individual account integration on the cash flow statement.


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Note: The only changes that may be required are the addition of new lines if you have added any new account groups to the template. You then basically need to copy a line of a similar nature (which has a green key in column A) and change the key in column A so that the monthly amounts are calculated based on the new account group.


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Balance Sheet

Balance Sheet Imbalances

We recommend completing the following steps when encountering errors:

Note: All the keys in column A which are reflected in orange contain custom calculations relating to specific control accounts which should not be copied for any new account group lines.

All the transactions that are recorded on the Income and Expenses sheets are also automatically updated to the monthly balance sheet which is included on the BS sheet. No user input is required on this sheet.

The balances sheet account integration is set up to report account group totals for most of the balance sheet items. The exception is the individual bank accounts in the current assets section which all report individually. If you therefore add additional bank codes to the Setup sheet, you also need to add additional rows in this section to include the new bank codes in the balance sheet. You only need to insert the required number of additional rows and copy the formulas from one of the existing bank account lines to complete this process. The formulas will automatically pick up the correct bank codes.

If you want to change the account integration for any line on the balance sheet from group reporting to individual reporting, you again need to insert the required number of additional rows, copy the formulas from the existing line and replace the account group key in column A with the full account numbers. If you do not add all the accounts that form part of the appropriate account group, your balance sheet may not balance.

Note: If you convert one or more account groups from account group reporting to individual account reporting, you may also need to update the appropriate total column on the balance sheet.

Note: Only the balance sheet items with green account keys can be changed to individual account reporting. The items with orange keys are control accounts which have unique formulas which cannot be used for any of the other line items on the balance sheet.

We have included two rows below the balance sheet that contain control totals which indicate whether the balance sheet is in balance. The first row indicates whether the balance sheet balances (which means that the total assets equal the total equity & liabilities) and the second row indicates whether the total of all the bank account balances on the balance sheet agrees to the monthly closing cash balance on the cash flow statement.

Both control totals should always display an "ok" text string but if there is a problem with the appropriate control total, an "error" message which is highlighted in orange will be displayed. This error message means that there is an imbalance in the template and the value of the imbalance will be displayed above the error message for balance sheet errors and below the error message for cash flow statement errors.

■ Review the Income and Expenses sheets and ensure that there are no error codes in the Error Code columns. The Error Code columns on both sheets should contain no error codes - if an error code is displayed in any transaction row, refer to the Error Codes section of these instructions for guidance on the reason why an error code is displayed and the corrective action that needs to be taken.■ Review the Income and Expenses sheets and ensure that a bank code has been allocated to all transactions. If there are any blank cells in the Bank Code column, select the appropriate bank code from the list box.

■ Review the Income and Expenses sheets and ensure that a valid account number has been selected for all transactions. If there are any blank cells in the Account Number column, select a valid account number from the drop-down list.

■ Review the invoice date, document date and payment date columns on the Income and Expenses sheets and ensure that all dates have been entered in accordance with the regional date settings that are specified in the System Control Panel. A quick way of checking this is to format the appropriate date column as values - all valid dates will then be displayed as values and invalid date entries will still be displayed as text which looks like a date. After reviewing all dates, remember to undo the value formatting otherwise the contents of the affected date column will contain values instead of dates.


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Bank Account Movement Analysis

Sales Tax Analysis

■ Open the Setup sheet and ensure that all additional bank accounts have been added to the TB and BS sheets. If a bank account has not been added to these sheets, the status in column D or E will show as "add!". Refer to the Setup - Bank Accounts section of the instructions for guidance on how to add bank accounts to the appropriate sheet. Once the bank account has been added, the status will automatically change to "ok".■ Open the TB sheet and ensure that the template opening balances (column C) add up to a total of nil. If your opening balances don't balance, the balance sheet will also not balance.

■ Review the Status column on the TB sheet and ensure that there are no items that are highlighted in red. If an item is highlighted in red and contains an error message, it indicates that the appropriate account group has been set to report on an individual account basis and that the highlighted account has not been added to the income statement or balance sheet. If an item is highlighted in red and contains a double error, it means that the account group has been integrated on the individual account number basis but that the group integration (ending in a "G") is also still active on the income statement or balance sheet. The row with the group integration in the Key column on the income statement or balance sheet therefore needs to be deleted.■ Review the income statement, cash flow statement and balance sheet and check that there are no duplicate keys in column A. If you duplicate an account number or group key, the balance sheet will not balance.

If you've completed all of the above steps and still cannot resolve the imbalance on the balance sheet, contact our Support function for assistance. You probably need to send us your version of the template so that we can determine what the cause of the imbalance is.

We have included the Bank sheet to enable users to analyse bank account movements for any bank account on a daily and monthly basis. The only user input that is required on this sheet is to select the appropriate bank code and monthly period from the drop-down lists at the top of the sheet.

Note: If you want to display the bank account movement totals for all bank codes, simply clear the contents of the bank code input cell. If no monthly period is selected, the calculations will default to the last month of the current financial year.

Note: Negative values that have been included on the Expenses sheet are deemed to be Income and therefore included in the Income columns. Transactions that have been allocated to the JC general journal bank code are not included in the calculations on this sheet.

We have also included an additional sheet which enables users to analyse sales tax movements on a monthly basis. The SalesTax sheet breaks the movement in the sales tax control account (BS-1700) down into its individual components which makes it easier to determine amounts that need to be filled in on sales tax returns and to determine the amounts that have been paid. If your business is not subject to sales tax, this sheet can be deleted.

The main components of the sales tax control account are output tax, input tax and payments. The output tax totals are calculated based on the Sales Tax Amount column on the Income sheet, the input tax totals are calculated based on the Sales Tax Amount column on the Expenses sheet and the Payment column includes all transactions on the Income and Expenses sheets that have been allocated to account BS-1700.

Note: All sales tax payments that are made should be recorded on the Expenses sheet and allocated to the sales tax control account while all sales tax refunds that are received should be recorded on the Income sheet and allocated to the sales tax control account.

The Inclusive section provides the monthly totals inclusive of sales tax - as per the Income sheet for the Output column and as per the Expenses sheet for the Input column. These totals are usually required when completing sales tax returns.


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Roll Forward for Subsequent Financial Periods

Template Settings

Help & Customization

The net monthly column is calculated by deducting the monthly input tax value from the monthly output tax value and therefore represents the net monthly sales tax liability (or asset if the input exceeds the output). The effective monthly sales tax percentages are also calculated and included on the sheet.

Note: The calculations on the SalesTax sheet can also be displayed for individual sales tax codes by simply selecting the appropriate sales tax code from the list box at the top of the sheet. The content of this list box can then simply be cleared to display the total of all sales tax codes.

After specifying the first financial year on the Setup sheet and including the appropriate opening balances in column C on the TB sheet, the template can be rolled forward for subsequent financial years quite easily. All you need to do in order to roll the template forward for subsequent financial years or back for previous financial years is to amend the reporting year on the Setup sheet.

When you change the reporting year, the monthly reporting periods on all the sheets that are included in the template are automatically changed and all calculations are automatically updated. You therefore do not need to save a separate version of the template for each financial year - you simply continue adding transactions to the Income and Expenses sheets and use the reporting year setting on the Setup sheet to navigate between financial years.

The functionality that has been included in this accounting template uses data validation, conditional formatting and named cell ranges in order to validate all user input and to produce the reports that form part of this template. Most of the formulas that are used in this template are based on named cell ranges that include the first 3,000 rows on the Customers, Income and Expenses sheets. When the number of transactions that you've recorded on the Customers, Income and Expenses sheets reaches this limit, you will therefore have to extend the default number of rows in order to include all your transactions in the template calculations.

The named cell ranges can be extended by accessing the main Insert menu, selecting Name, and selecting Define in order to open the Define Name dialog box. The calculations that include the transactions on the Customers, Income and Expenses sheets are all based on the "Records" named range. This named cell range includes a default value of 3,000 - you can therefore extend the number of transactions that are included in the template calculations by simply entering a new value for this named range and clicking the OK button.

The data validation features that are used to validate user input on the Income and Expenses sheets have been implemented in the first 3,000 rows on these sheets. Before you reach this limit, you can simply copy one of the blank rows before row 3,000 and paste the cells in this row into the required number of additional rows. This will result in all the data validation features being copied to the target cell range.

If you experience any difficulty while using this template and you are not able to find the appropriate guidance in these instructions, please e-mail us at [email protected] for assistance. This template has been designed with flexibility in mind to ensure that it can be used in most business environments. If however you need an Excel based template that is customized specifically for your business requirements, please e-mail our Support function and provide a brief explanation of your requirements.


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© Copyright

This template remains the intellectual property of www.excel-skills.com and is protected by international copyright laws. Any publication or distribution of this template outside the scope of the permitted use of the template is expressly prohibited. In terms of the permitted use of this template, only the distribution of the template to persons within the same organisation as the registered user or persons outside the organisation who can reasonably be expected to require access to the template as a direct result of the use of the template by the registered user is allowed. Subsequent distribution of the template by parties outside of the organisation is however expressly prohibited and represents an infringement of international copyright laws.


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Example (Pty) LimitedSetup© www.excel-skills.comBusiness DetailsBusiness Name Example (Pty) LimitedBusiness Address Building Name, Street Address, Suburb, City, 9999Contact Number +27 21 999 9999Fax Number +27 21 999 0000Website www.example.comE-mail [email protected] Tax Number 9999 999 9999Registration Number 2011 000000 00

Report SetupFirst Day:

First Financial Year * 2019 3/1/2018 * Should be set once when you start using the templateFirst Day:

Reporting Year ** 2019 3/1/2018 ** Change annually to roll reporting periods forward or back

Year End Month February

Sales TaxCode Description PercentageA Standard Sales Tax 1 14.0%B Standard Sales Tax 2 15.0%C Standard Sales Tax 3 0.0%E Exempt 0.0%Z Zero Rated 0.0%End of list

Bank AccountsCode Description TB Status BS StatusB1 B1 Bank Account ok okB2 B2 Bank Account ok okB3 B3 Bank Account ok okPC PC Petty Cash ok okJC GL Journal Control ok okEnd of list

Banking DetailsBank Name Example BankAccount Type Current AccountBank Code 999-999Account Number 1111 999 888Text Please use your customer code as your payment reference.

Input Error CodesCode ReasonE1 Payment date is before the invoice / document dateE2 Account number is invalidE3 Bank code is invalidE4 Customer code is invalid

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

On this sheet:Enter your business & banking details and maintain sales tax percentages & bank codes. You can also

add an unlimited number of sales tax codes and bank account codes. Specify the first financial year that you want to include in the template and set your year-end and reporting year. The 12-month reporting period that is included on the monthly income statement, cash flow statement and balance sheet is

determined by the reporting year that is specified which means that the template can be rolled forward or back by simply changing the reporting year. All the template calculations are then automatically updated.

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Example (Pty) LimitedAccount Group Setup© www.excel-skills.com

Group Description

BS-00 Property, Plant & Equipment - CostBS-01 Property, Plant & Equipment - Accum DepBS-02 Intangible Assets - CostBS-03 Intangible Assets - AmortizationBS-04 InvestmentsBS-05 Loans & AdvancesBS-07 Cash On HandBS-09 Other DebtorsBS-13 AccrualsBS-14 Dividends PayableBS-15 Provision for TaxationBS-16 Other ProvisionsBS-17 Sales TaxBS-18 Long Term LiabilitiesBS-19 ReservesBS-20 Shareholders' ContributionsIS-01 Income From ServicesIS-03 Operating ExpensesIS-04 Staff CostsIS-05 Depreciation & AmortizationIS-06 Interest PaidIS-07 Taxation PaidIS-08 Other ExpensesIS-09 Other IncomeIS-10 Dividends Paid

Control AccountsBS-B Bank AccountsBS-RC Trade DebtorsBS-PA Trade CreditorsBS-RT Retained Earnings - OpeningBS-IN Retained Earnings - Current

Group Key

On this sheet:This sheet contains the default list of account groups that are used in this

template. You can customize the descriptions of the account groups but we do not recommend changing the account group keys. Additional account groups

can be added as detailed in the template instructions.

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Example (Pty) LimitedTrial Balance & Chart of Accounts 2/28/2018 2/28/2018© www.excel-skills.com 28 Feb 2018 28 Feb 2018 28 Feb 2019

Account Description

BS-0005 Land & Buildings - Cost - - - - BS-0010 Plant & Equipment - Cost - - - - BS-0015 Furniture & Fittings - Cost 120,500.00 120,500.00 15,450.00 135,950.00 BS-0020 Office Equipment - Cost 63,250.00 63,250.00 10,200.00 73,450.00 BS-0025 Computer Equipment - Cost - - - - BS-0030 Other Assets - Cost - - - - BS-0105 Land & Buildings - Accum Depreciation - - - - BS-0110 Plant & Equipment - Accum Depreciation - - - - BS-0115 Furniture & Fittings - Accum Depreciation (22,000.00) (22,000.00) (18,232.00) (40,232.00)BS-0120 Office Equipment - Accum Depreciation (12,500.00) (12,500.00) (12,190.00) (24,690.00)BS-0125 Computer Equipment - Accum Depreciation - - - - BS-0130 Other Assets - Accum Depreciation - - - - BS-0205 Goodwill - Cost - - - - BS-0210 Trademarks - Cost - - - - BS-0215 Software - Cost 147,200.00 147,200.00 - 147,200.00 BS-0305 Goodwill - Accum Amortization - - - - BS-0310 Trademarks - Accum Amortization - - - - BS-0315 Software - Accum Amortization (29,440.00) (29,440.00) (14,720.00) (44,160.00)BS-0400 Investments 150,000.00 150,000.00 30,750.00 180,750.00 BS-0500 Loans & Advances 12,000.00 12,000.00 (12,000.00) - BS-0700 Cash On Hand - - - - BS-0799 Cash Transfer Control - - - - BS-0900 Other Debtors - - - - BS-0905 Prepayments 15,000.00 15,000.00 (15,000.00) - BS-1300 Accruals - - - - BS-1305 Payroll Accruals - - - - BS-1310 Interest Payable - - - - BS-1405 Dividends Payable - - (50,000.00) (50,000.00)BS-1505 Provision For Taxation - - - - BS-1610 Provision For Bonuses - - - - BS-1700 Sales Tax Control (20,240.00) (20,240.00) 3,121.35 (17,118.65)BS-1805 Long Term Loans (200,000.00) (200,000.00) (16,249.61) (216,249.61)BS-1900 Reserves - - - - BS-2000 Shareholders' Contributions (100.00) (100.00) - (100.00)IS-0105 Software Sales - (1,721,190.00) (1,721,190.00)IS-0110 Advertising Income - (196,920.00) (196,920.00)IS-0115 Commission Received - (22,340.00) (22,340.00)IS-0305 Accounting Fees - 24,000.00 24,000.00 IS-0310 Advertising & Marketing - 143,643.00 143,643.00 IS-0315 Bank Charges - 1,180.00 1,180.00 IS-0320 Commission - 27,850.00 27,850.00 IS-0325 Computer Expenses - 3,476.52 3,476.52 IS-0330 Consumables & Cleaning - 2,500.00 2,500.00 IS-0335 Entertainment - - - IS-0340 Insurance - 3,840.00 3,840.00 IS-0345 Office Expenses - 996.34 996.34 IS-0350 Office Rent - 144,000.00 144,000.00 IS-0355 Postage - 523.65 523.65 IS-0360 Professional & Legal Fees - 5,652.17 5,652.17 IS-0365 Stationery - 2,491.30 2,491.30 IS-0370 Subscriptions & Memberships - 5,200.00 5,200.00 IS-0375 Telephone & Internet - 8,867.28 8,867.28 IS-0380 Training - 4,043.48 4,043.48 IS-0385 Travelling & Accommodation - 13,705.26 13,705.26 IS-0390 Utilities - - - IS-0405 Salaries & Wages - Staff - 548,600.00 548,600.00 IS-0410 Salaries & Wages - Management - 685,720.00 685,720.00 IS-0505 Depreciation - 30,422.00 30,422.00 IS-0510 Amortization - 14,720.00 14,720.00 IS-0600 Interest Paid - 19,367.24 19,367.24 IS-0700 Taxation - 70,765.00 70,765.00 IS-0800 Other Expenses - - - IS-0805 Foreign Exchange Loss - - - IS-0810 Loss on Disposal of Assets - - - IS-0900 Other Income - (1,929.85) (1,929.85)IS-1000 Dividends - 50,000.00 50,000.00 End of list - add accounts above this row

Control AccountsBS-BB1 B1 Bank Account 45,250.50 45,250.50 296,156.22 341,406.72 BS-BB2 B2 Bank Account 61,500.00 61,500.00 (26,719.35) 34,780.65 BS-BB3 B3 Bank Account - - 9,457.00 9,457.00 BS-BPC PC Petty Cash 1,000.00 1,000.00 (5.00) 995.00 BS-BJC GL Journal Control - - - - BS-RCG Trade Debtors 146,376.00 146,376.00 (53,316.00) 93,060.00 BS-PAG Trade Creditors (45,153.00) (45,153.00) (15,886.00) (61,039.00)BS-RTG Retained Earnings (432,643.50) (432,643.50) - (432,643.50)

- - - -

Account Number

Template: Opening Balance

Trial Balance: Opening Balance

Account Movement

Trial Balance: Closing Balance

On this sheet:The opening balance sheet balances should be entered in column C on this sheet. A trial balance at the

end of the year before the first financial year that is set on the Setup sheet should be used for this purpose. Note that the Bank, Trade Debtors and Trade Creditors opening balances are calculated and therefore need to be included on the Income and Expenses sheets. The default list of accounts can be

customized by adding additional accounts to the list, changing the descriptions of existing accounts or deleting accounts. The sheet also contains a detailed trial balance which can be displayed for any of the

appropriate monthly periods by simply selecting the appropriate month end at the top of the sheet.

Example (Pty) Limited Balance Date 1/31/2019 12/31/2018 11/30/2018 10/31/2018 9/30/2018 8/31/2018Customers 2/28/2019 2/28/2019 1/31/2019 12/31/2018 11/30/2018 10/31/2018 9/30/2018© www.excel-skills.com 93,060.00 61,150.00 31,910.00 - - - -

Code Billing Name Billing Address Sales Tax Number Current 30 Days 60 Days 90 Days 120 Days 120+ Days

ABC01 ABC Bank 52 Adderley Crescent, Rivionia, Johannesburg, 1000 452 079 2090 - - - - - - - CCS01 CC Supplies 105 Newmarket Street, City Bowl, Cape Town, 7200 499 888 2000 - - - - - - - DFM01 DF Manufacturing DF House, 110 Mandela Avenue, Westville, Durban, 3200 452 765 2303 - - - - - - - ECE01 EC Estate Agents 20 Cross Street, Gardens, Cape Town, 7005 - - - - - - - ENE01 Energy Incorporated 39 Bay Avenue, Waverley, Bloemfontein, 9300 402 899 3000 - - - - - - - ERP01 ERP Software 55A Broad Street, Umhlanga, Durban, 3250 423 090 3400 - - - - - - - GPA01 GP Accountants 30 Chancery Lane, Camps Bay, Cape Town, 7002 451 678 5230 31,910.00 - 31,910.00 - - - - IQB01 IQ Bonds 90 Melbourne Road, Centurion, Pretoria, 2005 - - - - - - - ITS01 IT Solutions 112 Elizabeth Avenue, Notting Hill, London, United Kingdom, EC5 3PW - - - - - - - KZB01 KZN Bonds 10 Delhi Crescent, City Center, East London, 4200 432 000 7650 - - - - - - - PTY01 PTY Consultants PTY Place, 24 Tobago Street, Fourways, Johannesburg, 1008 465 000 8970 - - - - - - - TPS01 The Paint Shop 115 Main Street, Houtbay, Cape Town, 7100 432 998 7273 - - - - - - - TRF01 TRF Solutions 290 York Crescent, Northcliff, Johannesburg, 1020 463 556 2880 - - - - - - - WCA01 WC Financial Advisors 15 Strand Street, Walmer, Port Elizabeth, 4320 412 998 0020 - - - - - - - WWR01 WW Retail 22 Upper Boulevard, Fourways, Johannesburg, 1080 - - - - - - - VXB01 VX Building Supplies 80 Ocean Avenue, Constantia, Cape Town, 7500 499 662 1200 36,800.00 36,800.00 - - - - - WYS01 WY Services 113 Market Avenue, Sandton, Johannesburg, 1005 423 996 0020 - - - - - - - XXX01 General Customer Code - - - - - - - XXX99 No Customer 24,350.00 24,350.00 - - - - -

Outstanding Balance

On this sheet:Create customer codes for all customers and enter the billing details for each customer. The customer codes that are created on this sheet are included in a list box on the Income sheet

and the billing details are automatically included on the tax invoice & customer statement. The formulas in the columns with light blue column headings should be copied for all new codes

that are added to the sheet. The outstanding balances and ageing of balances are automatically calculated based on a user defined balance date that is entered at the top of the sheet.

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Example (Pty) Limited Balance Date GPA01Income & Other Receipts 2/28/2019 2/28/2019 43524

© www.excel-skills.com 2,503,207.95 2,471,297.95 93,060.00 2,228,530.35 274,677.60 2,503,207.95

Invoice Date Customer Description Account Number ST1IN0051 2/10/2018 DFM01 Software Sales 35,796.00 A B1 BS-0799 35,796.00 3/1/2018 - 31,400.00 4,396.00 35,796.00 Y 0 - IN0052 2/18/2018 CCS01 Software Sales 110,580.00 A B1 BS-0799 110,580.00 3/10/2018 - 97,000.00 13,580.00 110,580.00 Y 0 - OB 2/28/2018 XXX99 Opening Bank Balance 45,250.50 E B1 BS-0799 45,250.50 2/28/2018 - 45,250.50 - 45,250.50 Y 0 - OB 2/28/2018 XXX99 Opening Bank Balance 61,500.00 E B2 BS-0799 61,500.00 2/28/2018 - 61,500.00 - 61,500.00 N 0 - OB 2/28/2018 XXX99 Opening Bank Balance - E B3 BS-0799 - 2/28/2018 - - - - N 0 - OB 2/28/2018 XXX99 Opening Bank Balance 1,000.00 E PC BS-0799 1,000.00 2/28/2018 - 1,000.00 - 1,000.00 N 0 - REC0020 3/1/2018 ABC01 Interest Received 150.01 E B2 IS-0900 150.01 3/1/2018 - 150.01 - 150.01 Y 0 - REC0021 3/7/2018 ERP01 Commission Received 1,710.00 A B1 IS-0115 1,710.00 3/7/2018 - 1,500.00 210.00 1,710.00 Y 0 - IN0053 3/14/2018 ITS01 Software Sales 12,880.00 E B1 IS-0105 12,880.00 4/13/2018 - 12,880.00 - 12,880.00 Y 0 - IN0054 3/19/2018 IQB01 Software Sales 125,018.10 A B1 IS-0105 125,018.10 4/10/2018 - 109,665.00 15,353.10 125,018.10 Y 0 - REC0022 3/25/2018 XXX99 Advertising Income 12,500.00 E B2 IS-0110 12,500.00 4/5/2018 - 12,500.00 - 12,500.00 Y 0 - REC0023 4/1/2018 ABC01 Interest Received 120.65 E B2 IS-0900 120.65 4/1/2018 - 120.65 - 120.65 Y 0 - REC0024 4/7/2018 ERP01 Commission Received 1,380.00 B B1 IS-0115 1,380.00 4/7/2018 - 1,200.00 180.00 1,380.00 Y 0 - IN0055 4/9/2018 WCA01 Software Sales 137,482.50 B B1 IS-0105 137,482.50 5/9/2018 - 119,550.00 17,932.50 137,482.50 Y 0 - IN0056 4/22/2018 DFM01 Software Sales 20,033.00 B B1 IS-0105 20,033.00 5/9/2018 - 17,420.00 2,613.00 20,033.00 Y 0 - REC0025 4/25/2018 XXX99 Advertising Income 10,300.00 E B2 IS-0110 10,300.00 5/5/2018 - 10,300.00 - 10,300.00 Y 0 - REC0026 5/1/2018 ABC01 Interest Received 160.23 E B2 IS-0900 160.23 5/1/2018 - 160.23 - 160.23 Y 0 - IN0057 5/5/2018 GPA01 Software Sales 106,950.00 B B1 IS-0105 106,950.00 5/10/2018 - 93,000.00 13,950.00 106,950.00 Y 0 - IN0058 5/7/2018 ENE01 Software Sales 9,464.50 B B1 IS-0105 9,464.50 6/6/2018 - 8,230.00 1,234.50 9,464.50 Y 0 - REC0027 5/7/2018 ERP01 Commission Received 1,610.00 B B1 IS-0115 1,610.00 5/7/2018 - 1,400.00 210.00 1,610.00 Y 0 - IN0059 5/10/2018 ENE01 Software Sales 26,220.00 B B1 IS-0105 26,220.00 6/9/2018 - 22,800.00 3,420.00 26,220.00 Y 0 - REC0028 5/25/2018 XXX99 Advertising Income 15,200.00 E B2 IS-0110 15,200.00 6/5/2018 - 15,200.00 - 15,200.00 Y 0 - IN0060 5/31/2018 CCS01 Software Sales 67,907.50 B B1 IS-0105 67,907.50 6/30/2018 - 59,050.00 8,857.50 67,907.50 Y 0 - REC0029 6/1/2018 ABC01 Interest Received 170.21 E B2 IS-0900 170.21 6/1/2018 - 170.21 - 170.21 Y 0 - REC0030 6/7/2018 ERP01 Commission Received 1,840.00 B B1 IS-0115 1,840.00 6/7/2018 - 1,600.00 240.00 1,840.00 Y 0 - REC0031 6/25/2018 XXX99 Advertising Income 9,500.00 E B2 IS-0110 9,500.00 7/5/2018 - 9,500.00 - 9,500.00 Y 0 - IN0061 6/26/2018 DFM01 Software Sales 154,100.00 B B1 IS-0105 154,100.00 7/26/2018 - 134,000.00 20,100.00 154,100.00 Y 0 - IN0062 6/29/2018 WCA01 Software Sales 14,421.00 B B1 IS-0105 14,421.00 7/16/2018 - 12,540.00 1,881.00 14,421.00 Y 0 - REC0032 7/1/2018 ABC01 Interest Received 165.23 E B2 IS-0900 165.23 7/1/2018 - 165.23 - 165.23 Y 0 - REC0033 7/7/2018 ERP01 Commission Received 2,415.00 B B1 IS-0115 2,415.00 7/7/2018 - 2,100.00 315.00 2,415.00 Y 0 - IN0063 7/11/2018 PTY01 Software Sales 135,700.00 B B1 IS-0105 135,700.00 7/16/2018 - 118,000.00 17,700.00 135,700.00 Y 0 - IN0064 7/22/2018 WWR01 Software Sales 17,480.00 B B1 IS-0105 17,480.00 8/21/2018 - 15,200.00 2,280.00 17,480.00 Y 0 - REC0034 7/25/2018 XXX99 Advertising Income 22,300.00 E B2 IS-0110 22,300.00 8/5/2018 - 22,300.00 - 22,300.00 Y 0 - REC0035 8/1/2018 ABC01 Interest Received 166.24 E B2 IS-0900 166.24 8/1/2018 - 166.24 - 166.24 Y 0 - REC0036 8/7/2018 ERP01 Commission Received 2,185.00 B B1 IS-0115 2,185.00 8/7/2018 - 1,900.00 285.00 2,185.00 Y 0 - IN0065 8/13/2018 ECE01 Software Sales 132,250.00 B B1 IS-0105 132,250.00 9/12/2018 - 115,000.00 17,250.00 132,250.00 Y 0 - IN0066 8/17/2018 TPS01 Software Sales 14,915.50 B B1 IS-0105 14,915.50 9/16/2018 - 12,970.00 1,945.50 14,915.50 Y 0 - REC0037 8/25/2018 XXX99 Advertising Income 21,400.00 E B2 IS-0110 21,400.00 9/5/2018 - 21,400.00 - 21,400.00 Y 0 - REC0038 9/1/2018 ABC01 Interest Received 164.21 E B2 IS-0900 164.21 9/1/2018 - 164.21 - 164.21 Y 0 - REC0039 9/7/2018 ERP01 Commission Received 2,070.00 B B1 IS-0115 2,070.00 9/7/2018 - 1,800.00 270.00 2,070.00 Y 0 - IN0067 9/12/2018 ENE01 Software Sales 55,200.00 B B1 IS-0105 55,200.00 9/30/2018 - 48,000.00 7,200.00 55,200.00 Y 0 - IN0068 9/17/2018 TRF01 Software Sales 130,180.00 B B1 IS-0105 130,180.00 10/4/2018 - 113,200.00 16,980.00 130,180.00 Y 0 - REC0040 9/25/2018 XXX99 Advertising Income 15,100.00 E B2 IS-0110 15,100.00 10/5/2018 - 15,100.00 - 15,100.00 Y 0 - REC0041 10/1/2018 ABC01 Interest Received 165.89 E B2 IS-0900 165.89 10/1/2018 - 165.89 - 165.89 Y 0 - REC0042 10/7/2018 ERP01 Commission Received 2,530.00 B B1 IS-0115 2,530.00 10/7/2018 - 2,200.00 330.00 2,530.00 Y 0 - IN0069 10/8/2018 ECE01 Software Sales 25,564.50 B B1 IS-0105 25,564.50 10/13/2018 - 22,230.00 3,334.50 25,564.50 Y 0 - IN0070 10/8/2018 GPA01 Software Sales 33,120.00 B B1 IS-0105 33,120.00 10/13/2018 - 28,800.00 4,320.00 33,120.00 Y 0 - REC0043 10/25/2018 XXX99 Advertising Income 18,400.00 E B2 IS-0110 18,400.00 11/5/2018 - 18,400.00 - 18,400.00 Y 0 - IN0071 10/31/2018 TPS01 Software Sales 144,325.00 B B1 IS-0105 72,000.00 11/30/2018 - 125,500.00 18,825.00 144,325.00 Y 0 - IN0071 10/31/2018 TPS01 Software Sales - B B1 IS-0105 72,325.00 1/10/2019 - - - - N 0 -

Invoice Number

Tax Inclusive Amount

Tax Code

Bank Code

Payment Amount

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Unique INV

Error Code

On this sheet:Record all sales transactions and cash receipts in the columns with yellow column headings on this sheet. The columns

with light blue column headings contain formulas that should be copied for all new transactions that are added to the sheet. All income transactions are included in trade debtors & income based on the invoice dates that are entered in

column B. When an invoice is paid by the customer, simply enter the payment amount & payment date and the transaction amount is automatically removed from trade debtors and included in the appropriate bank balance. Sales tax codes, bank codes and account numbers can be selected from the drop-down lists in the appropriate columns. Outstanding balances

can be displayed by simply entering the appropriate balance date at the top of the sheet.

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Example (Pty) Limited Balance Date GPA01Income & Other Receipts 2/28/2019 2/28/2019 43524

© www.excel-skills.com 2,503,207.95 2,471,297.95 93,060.00 2,228,530.35 274,677.60 2,503,207.95

Invoice Date Customer Description Account Number ST1Invoice Number


Tax Code

Bank Code

Payment Amount

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Unique INV

Error Code

REC0044 11/1/2018 ABC01 Interest Received 167.25 E B2 IS-0900 167.25 11/1/2018 - 167.25 - 167.25 Y 0 - IN0072 11/3/2018 PTY01 Software Sales 3,588.00 B B1 IS-0105 3,588.00 12/3/2018 (0.00) 3,120.00 468.00 3,588.00 Y 0 - REC0045 11/7/2018 ERP01 Commission Received 2,760.00 B B1 IS-0115 2,760.00 11/7/2018 - 2,400.00 360.00 2,760.00 Y 0 - REC0046 11/25/2018 XXX99 Advertising Income 22,150.00 E B2 IS-0110 22,150.00 12/5/2018 - 22,150.00 - 22,150.00 Y 0 - IN0073 11/29/2018 CCS01 Software Sales 15,180.00 B B1 IS-0105 15,180.00 12/21/2018 (0.00) 13,200.00 1,980.00 15,180.00 Y 0 - IN0074 11/29/2018 VXB01 Software Sales 132,250.00 B B1 IS-0105 132,250.00 12/29/2018 - 115,000.00 17,250.00 132,250.00 Y 0 - REC0047 12/1/2018 ABC01 Interest Received 166.45 E B2 IS-0900 166.45 12/1/2018 - 166.45 - 166.45 Y 0 - REC0048 12/7/2018 ERP01 Commission Received 1,771.00 B B1 IS-0115 1,771.00 12/7/2018 - 1,540.00 231.00 1,771.00 Y 0 - IN0075 12/12/2018 ENE01 Software Sales 115,000.00 B B1 IS-0105 115,000.00 1/2/2019 - 100,000.00 15,000.00 115,000.00 Y 0 - IN0076 12/25/2018 ITS01 Software Sales 13,045.00 E B1 IS-0105 13,045.00 1/11/2019 - 13,045.00 - 13,045.00 Y 0 - REC0049 12/25/2018 XXX99 Advertising Income 10,320.00 E B2 IS-0110 10,320.00 1/5/2019 - 10,320.00 - 10,320.00 Y 0 - REC0050 1/1/2019 ABC01 Interest Received 166.23 E B2 IS-0900 166.23 1/1/2019 - 166.23 - 166.23 Y 0 - CN0011 1/5/2019 ITS01 Module Discount (1,150.00) E B1 IS-0105 (1,150.00) 1/11/2019 - (1,150.00) - (1,150.00) Y 0 - REC0051 1/7/2019 ERP01 Commission Received 2,300.00 B B1 IS-0115 2,300.00 1/7/2019 - 2,000.00 300.00 2,300.00 Y 0 - REC0050 1/10/2019 ABC01 Loan Received 50,000.00 E B2 BS-1805 50,000.00 1/10/2019 - 50,000.00 - 50,000.00 N 0 - IN0077 1/19/2019 PTY01 Software Sales 16,606.00 B B1 IS-0105 16,606.00 1/31/2019 - 14,440.00 2,166.00 16,606.00 Y 0 - IN0078 1/20/2019 GPA01 Software Sales 141,910.00 B B1 IS-0105 110,000.00 2/26/2019 31,910.00 123,400.00 18,510.00 141,910.00 Y 1 - IN0078 1/20/2019 GPA01 Software Sales - B B1 IS-0105 - - - - N 0 - REC0052 1/25/2019 XXX99 Advertising Income 15,400.00 E B2 IS-0110 15,400.00 2/5/2019 - 15,400.00 - 15,400.00 Y 0 - REC0053 2/1/2019 ABC01 Interest Received 167.25 E B2 IS-0900 167.25 2/1/2019 - 167.25 - 167.25 Y 0 - REC0054 2/7/2019 ERP01 Commission Received 3,105.00 B B1 IS-0115 3,105.00 2/7/2019 - 2,700.00 405.00 3,105.00 Y 0 - IN0079 2/15/2019 WCA01 Software Sales 120,865.00 B B1 IS-0105 138,115.00 2/28/2019 - 105,100.00 15,765.00 120,865.00 Y 0 - IN0079 2/15/2019 WCA01 Additional Module 17,250.00 B B1 IS-0105 - 2/28/2019 - 15,000.00 2,250.00 17,250.00 N 0 - REC0055 2/25/2019 XXX99 Advertising Income 24,350.00 E B2 IS-0110 24,350.00 24,350.00 24,350.00 - 24,350.00 Y 0 - IN0080 2/28/2019 VXB01 Software Sales 36,800.00 B B1 IS-0105 36,800.00 36,800.00 32,000.00 4,800.00 36,800.00 Y 0 -

Example (Pty) LimitedBuilding Name, Street Address, Suburb, City, 9999Contact Number: +27 21 999 9999 | Fax Number: +27 21 999 0000

Website: www.example.com | E-mail: [email protected]

Sales Tax Number: 9999 999 9999 | Registration Number: 2011 000000 00

Tax Invoice

Invoice Number IN0079 Customer Code WCA01Invoice Date 2/15/2019

Invoiced To:WC Financial Advisors

15 Strand Street, Walmer, Port Elizabeth, 4320

Customer Tax No: 412 998 0020

Description Amount Tax Total Software Sales 105,100.00 15,765.00 120,865.00

Additional Module 15,000.00 2,250.00 17,250.00

Total 120,100.00 18,015.00 138,115.00

Banking Details:Bank Name: Example Bank

Account Type: Current Account

Bank Code: 999-999

Account Number: 1111 999 888

Please use your customer code as your payment reference.

Insert business logo in this section...

Example (Pty) LimitedBuilding Name, Street Address, Suburb, City, 9999Contact Number: +27 21 999 9999 | Fax Number: +27 21 999 0000

Website: www.example.com | E-mail: [email protected]

Sales Tax Number: 9999 999 9999 | Registration Number: 2011 000000 00

Account Statement

Customer Code GPA01Statement Date 2/28/2019

Customer DetailsGP Accountants

30 Chancery Lane, Camps Bay, Cape Town, 7002

Outstanding Balance: 31,910.00

Current 30 Days 60 Days 90 Days 120 Days 120+ Days0.00 31,910.00 0.00 0.00 0.00 0.00

Invoice Number Invoice Date Document Amount BalanceIN0078 1/20/2019 Invoice 31,910.00 31,910.00

Insert business logo in this section...

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Example (Pty) Limited Balance Date Expenses & Other Payments 2/28/2019 2/28/2019

© www.excel-skills.com 2,084,547.58 61,039.00 2,038,063.48 46,484.10 2,084,547.58

Supplier Reference Description Account Number2/14/2018 XY Solutions S77782 Opening Balance 40,365.00 A B1 BS-0799 3/2/2018 - 35,407.89 4,957.11 40,365.00 - 2/17/2018 XY Traders Invoice 13432 Commission 4,788.00 A B1 BS-0799 3/20/2018 - 4,200.00 588.00 4,788.00 - 3/1/2018 IS Communications Invoice EXP22 Internet Service Provider 840.00 A B1 IS-0375 3/31/2018 - 736.84 103.16 840.00 - 3/2/2018 Newscorp I381119 Subscriptions 478.00 A B1 IS-0355 4/1/2018 - 419.30 58.70 478.00 - 3/5/2018 EAG Brokers Debit Order Insurance 364.80 A B1 IS-0340 3/5/2018 - 320.00 44.80 364.80 - 3/15/2018 Capital Bank Bank Statement Service Fees 57.00 A B1 IS-0315 3/15/2018 - 50.00 7.00 57.00 - 3/15/2018 Capital Bank Bank Statement Service Fees 34.20 A B2 IS-0315 3/15/2018 - 30.00 4.20 34.20 - 3/15/2018 IAS Accountants Invoice Monthly Accounting 2,280.00 A B1 IS-0305 4/2/2018 - 2,000.00 280.00 2,280.00 - 3/15/2018 Interflora Cash Flowers 90.00 A PC IS-0345 3/15/2018 - 78.95 11.05 90.00 - 3/18/2018 QQ International TR6998 Parking 120.00 A B1 IS-0385 3/18/2018 - 105.26 14.74 120.00 - 3/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (15,000.00) E B2 BS-0799 3/20/2018 - (15,000.00) - (15,000.00) - 3/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 15,000.00 E B1 BS-0799 3/20/2018 - 15,000.00 - 15,000.00 - 3/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 3/26/2018 - 45,000.00 - 45,000.00 - 3/26/2018 HP Finance Debit Order Capital repayment 2,582.74 E B1 BS-1805 3/26/2018 - 2,582.74 - 2,582.74 - 3/26/2018 HP Finance Debit Order Interest paid 1,666.67 E B1 IS-0600 3/26/2018 - 1,666.67 - 1,666.67 - 3/26/2018 PR Properties Debit Order Rent 13,680.00 A B1 IS-0350 3/26/2018 - 12,000.00 1,680.00 13,680.00 - 3/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 3/26/2018 - 35,000.00 - 35,000.00 - 3/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 4/6/2018 - 7,200.00 - 7,200.00 - 3/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 4/6/2018 - 9,320.00 - 9,320.00 - 3/26/2018 Example (Pty) Ltd Payroll Staff Loan Deduction (12,000.00) E B2 BS-0500 3/26/2018 - (12,000.00) - (12,000.00) - 3/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 90.00 E B1 BS-0799 3/31/2018 - 90.00 - 90.00 - 3/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (90.00) E PC BS-0799 3/31/2018 - (90.00) - (90.00) - 3/31/2018 Google Card Online Marketing 10,000.00 E B3 IS-0310 4/7/2018 - 10,000.00 - 10,000.00 - 4/1/2018 IS Communications Invoice EXP23 Internet Service Provider 850.00 B B1 IS-0375 5/1/2018 - 739.13 110.87 850.00 - 4/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 4/5/2018 - 320.00 48.00 368.00 - 4/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 4/5/2018 - (10,000.00) - (10,000.00) - 4/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 4/5/2018 - 10,000.00 - 10,000.00 - 4/12/2018 Interflora Cash Flowers 87.00 B PC IS-0345 4/12/2018 - 75.65 11.35 87.00 - 4/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 4/15/2018 - 69.57 10.43 80.00 - 4/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 4/15/2018 - 30.43 4.57 35.00 - 4/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 5/3/2018 - 2,000.00 300.00 2,300.00 - 4/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (80,000.00) E B2 BS-0799 4/20/2018 - (80,000.00) - (80,000.00) - 4/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 80,000.00 E B1 BS-0799 4/20/2018 - 80,000.00 - 80,000.00 - 4/25/2018 Inland Revenue Return Sales Tax 33,599.45 E B1 BS-1700 4/25/2018 - 33,599.45 - 33,599.45 - 4/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 4/26/2018 - 45,000.00 - 45,000.00 - 4/26/2018 Furniture City Invoice Furniture 17,767.50 B B1 BS-0015 5/26/2018 - 15,450.00 2,317.50 17,767.50 - 4/26/2018 HP Finance Debit Order Capital repayment 2,604.27 E B1 BS-1805 4/26/2018 - 2,604.27 - 2,604.27 - 4/26/2018 HP Finance Debit Order Interest paid 1,645.14 E B1 IS-0600 4/26/2018 - 1,645.14 - 1,645.14 - 4/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 4/26/2018 - 12,000.00 1,800.00 13,800.00 - 4/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 4/26/2018 - 35,000.00 - 35,000.00 - 4/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 5/6/2018 - 7,200.00 - 7,200.00 - 4/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 5/6/2018 - 9,320.00 - 9,320.00 - 4/29/2018 GF Supplies IN1179 Consumables 2,500.00 B PC IS-0325 4/29/2018 - 2,173.91 326.09 2,500.00 - 4/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 2,587.00 E B1 BS-0799 4/30/2018 - 2,587.00 - 2,587.00 - 4/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (2,587.00) E PC BS-0799 4/30/2018 - (2,587.00) - (2,587.00) -

Document Date


Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

On this sheet:Record all expense transactions and cash payments in the columns with yellow column headings on this sheet. The

columns with light blue column headings contain formulas that should be copied for all new transactions that are added to the sheet. All expense transactions are included in trade creditors & expenses based on the document dates that are entered in column A. When an expense is paid, simply enter the payment date and the transaction

amount is automatically removed from trade creditors and deducted from the appropriate bank balance. Sales tax codes, bank codes and account numbers can be selected from the drop-down lists in the appropriate columns. Outstanding balances can be displayed by simply entering the appropriate balance date at the top of the sheet.

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Supplier Reference Description Account NumberDocument Date


Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

4/30/2018 Google Card Online Marketing 9,800.00 E B3 IS-0310 5/7/2018 - 9,800.00 - 9,800.00 - 4/30/2018 None Journal Release Prepayment 15,000.00 E JC IS-0310 4/30/2018 - 15,000.00 - 15,000.00 - 4/30/2018 None Journal Release Prepayment (15,000.00) E JC BS-0905 4/30/2018 - (15,000.00) - (15,000.00) - 5/1/2018 IS Communications Invoice EXP24 Internet Service Provider 850.00 B B1 IS-0375 5/31/2018 - 739.13 110.87 850.00 - 5/1/2018 Training Inc Invoice Course 1,250.00 B B1 IS-0380 5/31/2018 - 1,086.96 163.04 1,250.00 - 5/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 5/5/2018 - 320.00 48.00 368.00 - 5/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (15,000.00) E B3 BS-0799 5/5/2018 - (15,000.00) - (15,000.00) - 5/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 15,000.00 E B1 BS-0799 5/5/2018 - 15,000.00 - 15,000.00 - 5/7/2018 City Lodge S50037 Accommodation 990.00 B B1 IS-0385 5/7/2018 - 860.87 129.13 990.00 - 5/7/2018 Waltons Invoice Stationery 982.00 B B1 IS-0365 6/6/2018 - 853.91 128.09 982.00 - 5/13/2018 XY Traders Invoice 9987 Commission 5,750.00 B B1 IS-0320 6/12/2018 - 5,000.00 750.00 5,750.00 - 5/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 5/15/2018 - 69.57 10.43 80.00 - 5/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 5/15/2018 - 30.43 4.57 35.00 - 5/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 6/2/2018 - 2,000.00 300.00 2,300.00 - 5/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (100,000.00) E B2 BS-0799 5/20/2018 - (100,000.00) - (100,000.00) - 5/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 100,000.00 E B1 BS-0799 5/20/2018 - 100,000.00 - 100,000.00 - 5/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 5/26/2018 - 45,000.00 - 45,000.00 - 5/26/2018 HP Finance Debit Order Capital repayment 2,625.97 E B1 BS-1805 5/26/2018 - 2,625.97 - 2,625.97 - 5/26/2018 HP Finance Debit Order Interest paid 1,623.44 E B1 IS-0600 5/26/2018 - 1,623.44 - 1,623.44 - 5/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 5/26/2018 - 12,000.00 1,800.00 13,800.00 - 5/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 5/26/2018 - 35,000.00 - 35,000.00 - 5/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 6/6/2018 - 7,200.00 - 7,200.00 - 5/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 6/6/2018 - 9,320.00 - 9,320.00 - 5/29/2018 Interflora Cash Flowers 65.00 B PC IS-0345 5/29/2018 - 56.52 8.48 65.00 - 5/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 65.00 E B1 BS-0799 5/31/2018 - 65.00 - 65.00 - 5/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (65.00) E PC BS-0799 5/31/2018 - (65.00) - (65.00) - 5/31/2018 Google Card Online Marketing 11,020.00 E B3 IS-0310 6/7/2018 - 11,020.00 - 11,020.00 - 6/1/2018 IS Communications Invoice EXP25 Internet Service Provider 850.00 B B1 IS-0375 7/1/2018 - 739.13 110.87 850.00 - 6/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 6/5/2018 - 320.00 48.00 368.00 - 6/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 6/5/2018 - (10,000.00) - (10,000.00) - 6/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 6/5/2018 - 10,000.00 - 10,000.00 - 6/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 6/15/2018 - 69.57 10.43 80.00 - 6/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 6/15/2018 - 30.43 4.57 35.00 - 6/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 7/3/2018 - 2,000.00 300.00 2,300.00 - 6/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (80,000.00) E B2 BS-0799 6/20/2018 - (80,000.00) - (80,000.00) - 6/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 80,000.00 E B1 BS-0799 6/20/2018 - 80,000.00 - 80,000.00 - 6/22/2018 Interflora Cash Flowers 110.00 B PC IS-0345 6/22/2018 - 95.65 14.35 110.00 - 6/25/2018 Inland Revenue Return Sales Tax 40,016.09 E B1 BS-1700 6/25/2018 - 40,016.09 - 40,016.09 - 6/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 6/26/2018 - 45,000.00 - 45,000.00 - 6/26/2018 HP Finance Debit Order Capital repayment 2,647.85 E B1 BS-1805 6/26/2018 - 2,647.85 - 2,647.85 - 6/26/2018 HP Finance Debit Order Interest paid 1,601.56 E B1 IS-0600 6/26/2018 - 1,601.56 - 1,601.56 - 6/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 6/26/2018 - 12,000.00 1,800.00 13,800.00 - 6/26/2018 SA Airlines SA11235 Travel 2,100.00 B B1 IS-0385 6/26/2018 - 1,826.09 273.91 2,100.00 - 6/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 6/26/2018 - 35,000.00 - 35,000.00 - 6/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 7/6/2018 - 7,200.00 - 7,200.00 -

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Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

6/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 7/6/2018 - 9,320.00 - 9,320.00 - 6/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 100.00 E B1 BS-0799 6/30/2018 - 100.00 - 100.00 - 6/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (100.00) E PC BS-0799 6/30/2018 - (100.00) - (100.00) - 6/30/2018 Google Card Online Marketing 10,500.00 E B3 IS-0310 7/7/2018 - 10,500.00 - 10,500.00 - 7/1/2018 IS Communications Invoice EXP26 Internet Service Provider 850.00 B B1 IS-0375 7/31/2018 - 739.13 110.87 850.00 - 7/2/2018 Waltons Invoice Stationery 761.00 B B1 IS-0365 8/1/2018 - 661.74 99.26 761.00 - 7/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 7/5/2018 - 320.00 48.00 368.00 - 7/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 7/5/2018 - (10,000.00) - (10,000.00) - 7/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 7/5/2018 - 10,000.00 - 10,000.00 - 7/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 7/15/2018 - 69.57 10.43 80.00 - 7/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 7/15/2018 - 30.43 4.57 35.00 - 7/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 8/2/2018 - 2,000.00 300.00 2,300.00 - 7/16/2018 Interflora Cash Flowers 29.00 B PC IS-0345 7/16/2018 - 25.22 3.78 29.00 - 7/17/2018 GF Supplies IN1181 Consumables 2,875.00 B B1 IS-0330 8/16/2018 - 2,500.00 375.00 2,875.00 - 7/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (100,000.00) E B2 BS-0799 7/20/2018 - (100,000.00) - (100,000.00) - 7/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 100,000.00 E B1 BS-0799 7/20/2018 - 100,000.00 - 100,000.00 - 7/25/2018 ACC Institute M00321037 Annual Membership 5,980.00 B B1 IS-0370 8/24/2018 - 5,200.00 780.00 5,980.00 - 7/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 7/26/2018 - 45,000.00 - 45,000.00 - 7/26/2018 HP Finance Debit Order Capital repayment 2,669.92 E B1 BS-1805 7/26/2018 - 2,669.92 - 2,669.92 - 7/26/2018 HP Finance Debit Order Interest paid 1,579.49 E B1 IS-0600 7/26/2018 - 1,579.49 - 1,579.49 - 7/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 7/26/2018 - 12,000.00 1,800.00 13,800.00 - 7/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 7/26/2018 - 35,000.00 - 35,000.00 - 7/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 8/6/2018 - 7,200.00 - 7,200.00 - 7/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 8/6/2018 - 9,320.00 - 9,320.00 - 7/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 29.00 E B1 BS-0799 7/31/2018 - 29.00 - 29.00 - 7/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (29.00) E PC BS-0799 7/31/2018 - (29.00) - (29.00) - 7/31/2018 Google Card Online Marketing 10,850.00 E B3 IS-0310 8/7/2018 - 10,850.00 - 10,850.00 - 8/1/2018 IS Communications Invoice EXP27 Internet Service Provider 850.00 B B1 IS-0375 8/31/2018 - 739.13 110.87 850.00 - 8/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 8/5/2018 - 320.00 48.00 368.00 - 8/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 8/5/2018 - (10,000.00) - (10,000.00) - 8/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 8/5/2018 - 10,000.00 - 10,000.00 - 8/9/2018 Interflora Cash Flowers 78.00 B PC IS-0345 8/9/2018 - 67.83 10.17 78.00 - 8/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 8/15/2018 - 69.57 10.43 80.00 - 8/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 8/15/2018 - 30.43 4.57 35.00 - 8/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 9/2/2018 - 2,000.00 300.00 2,300.00 - 8/15/2018 SA Airlines SA11988 Travel 2,520.00 B B1 IS-0385 8/15/2018 - 2,191.30 328.70 2,520.00 - 8/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (90,000.00) E B2 BS-0799 8/20/2018 - (90,000.00) - (90,000.00) - 8/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 90,000.00 E B1 BS-0799 8/20/2018 - 90,000.00 - 90,000.00 - 8/21/2018 JSE Brokers Remittance Share investment 30,750.00 E B1 BS-0400 8/21/2018 - 30,750.00 - 30,750.00 - 8/24/2018 XY Traders Invoice11203 Commission 4,600.00 B B1 IS-0320 9/24/2018 - 4,000.00 600.00 4,600.00 - 8/25/2018 Inland Revenue Return Sales Tax 36,421.95 E B1 BS-1700 8/25/2018 - 36,421.95 - 36,421.95 - 8/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 8/26/2018 - 45,000.00 - 45,000.00 - 8/26/2018 HP Finance Debit Order Capital repayment 2,692.17 E B1 BS-1805 8/26/2018 - 2,692.17 - 2,692.17 - 8/26/2018 HP Finance Debit Order Interest paid 1,557.24 E B1 IS-0600 8/26/2018 - 1,557.24 - 1,557.24 - 8/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 8/26/2018 - 12,000.00 1,800.00 13,800.00 -

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Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

8/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 8/26/2018 - 35,000.00 - 35,000.00 - 8/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 9/6/2018 - 7,200.00 - 7,200.00 - 8/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 9/6/2018 - 9,320.00 - 9,320.00 - 8/27/2018 Waltons Invoice Stationery 234.00 B B1 IS-0365 9/26/2018 - 203.48 30.52 234.00 - 8/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 78.00 E B1 BS-0799 8/31/2018 - 78.00 - 78.00 - 8/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (78.00) E PC BS-0799 8/31/2018 - (78.00) - (78.00) - 8/31/2018 Inland Revenue Return Provisional Tax 46,580.00 E B1 IS-0700 8/31/2018 - 46,580.00 - 46,580.00 - 8/31/2018 Google Card Online Marketing 11,400.00 E B3 IS-0310 9/7/2018 - 11,400.00 - 11,400.00 - 9/1/2018 IS Communications Invoice EXP28 Internet Service Provider 850.00 B B1 IS-0375 10/1/2018 - 739.13 110.87 850.00 - 9/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 9/5/2018 - 320.00 48.00 368.00 - 9/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 9/5/2018 - (10,000.00) - (10,000.00) - 9/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 9/5/2018 - 10,000.00 - 10,000.00 - 9/13/2018 Training Inc Invoice Course 1,300.00 B B1 IS-0380 10/13/2018 - 1,130.43 169.57 1,300.00 - 9/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 9/15/2018 - 69.57 10.43 80.00 - 9/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 9/15/2018 - 30.43 4.57 35.00 - 9/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 10/3/2018 - 2,000.00 300.00 2,300.00 - 9/18/2018 SA Airlines SA12146 Travel 5,620.00 B B1 IS-0385 9/18/2018 - 4,886.96 733.04 5,620.00 - 9/18/2018 QA Attorneys Invoice Legal advice 6,500.00 B B1 IS-0360 9/18/2018 - 5,652.17 847.83 6,500.00 - 9/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (50,000.00) E B2 BS-0799 9/20/2018 - (50,000.00) - (50,000.00) - 9/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 50,000.00 E B1 BS-0799 9/20/2018 - 50,000.00 - 50,000.00 - 9/21/2018 Interflora Cash Flowers 90.00 B PC IS-0345 9/21/2018 - 78.26 11.74 90.00 - 9/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 9/26/2018 - 45,000.00 - 45,000.00 - 9/26/2018 HP Finance Debit Order Capital repayment 2,714.60 E B1 BS-1805 9/26/2018 - 2,714.60 - 2,714.60 - 9/26/2018 HP Finance Debit Order Interest paid 1,534.81 E B1 IS-0600 9/26/2018 - 1,534.81 - 1,534.81 - 9/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 9/26/2018 - 12,000.00 1,800.00 13,800.00 - 9/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 9/26/2018 - 35,000.00 - 35,000.00 - 9/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 10/6/2018 - 7,200.00 - 7,200.00 - 9/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 10/6/2018 - 9,320.00 - 9,320.00 - 9/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 100.00 E B1 BS-0799 9/30/2018 - 100.00 - 100.00 - 9/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (100.00) E PC BS-0799 9/30/2018 - (100.00) - (100.00) - 9/30/2018 Google Card Online Marketing 10,600.00 E B3 IS-0310 10/7/2018 - 10,600.00 - 10,600.00 - 10/1/2018 IS Communications Invoice EXP29 Internet Service Provider 850.00 B B1 IS-0375 10/31/2018 - 739.13 110.87 850.00 - 10/4/2018 GF Supplies IN1185 Consumables 850.00 B PC IS-0325 10/4/2018 - 739.13 110.87 850.00 - 10/4/2018 SA Airlines SA12741 Travel 4,410.00 B B1 IS-0385 10/4/2018 - 3,834.78 575.22 4,410.00 - 10/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 10/5/2018 - 320.00 48.00 368.00 - 10/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (16,000.00) E B3 BS-0799 10/5/2018 - (16,000.00) - (16,000.00) - 10/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 16,000.00 E B1 BS-0799 10/5/2018 - 16,000.00 - 16,000.00 - 10/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 10/15/2018 - 69.57 10.43 80.00 - 10/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 10/15/2018 - 30.43 4.57 35.00 - 10/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 11/2/2018 - 2,000.00 300.00 2,300.00 - 10/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (70,000.00) E B2 BS-0799 10/20/2018 - (70,000.00) - (70,000.00) - 10/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 70,000.00 E B1 BS-0799 10/20/2018 - 70,000.00 - 70,000.00 - 10/22/2018 Waltons Invoice Stationery 289.00 B B1 IS-0365 11/21/2018 - 251.30 37.70 289.00 - 10/25/2018 Inland Revenue Return Sales Tax 36,651.20 E B1 BS-1700 10/25/2018 - 36,651.20 - 36,651.20 - 10/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 10/26/2018 - 45,000.00 - 45,000.00 -

of 47





Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

10/26/2018 HP Finance Debit Order Capital repayment 2,737.22 E B1 BS-1805 10/26/2018 - 2,737.22 - 2,737.22 - 10/26/2018 HP Finance Debit Order Interest paid 1,512.19 E B1 IS-0600 10/26/2018 - 1,512.19 - 1,512.19 - 10/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 10/26/2018 - 12,000.00 1,800.00 13,800.00 - 10/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 10/26/2018 - 35,000.00 - 35,000.00 - 10/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 11/6/2018 - 7,200.00 - 7,200.00 - 10/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 11/6/2018 - 9,320.00 - 9,320.00 - 10/28/2018 Interflora Cash Flowers 218.00 B PC IS-0345 10/28/2018 - 189.57 28.43 218.00 - 10/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 1,068.00 E B1 BS-0799 10/31/2018 - 1,068.00 - 1,068.00 - 10/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (1,068.00) E PC BS-0799 10/31/2018 - (1,068.00) - (1,068.00) - 10/31/2018 Google Card Online Marketing 10,350.00 E B3 IS-0310 11/7/2018 - 10,350.00 - 10,350.00 - 11/1/2018 IS Communications Invoice EXP30 Internet Service Provider 850.00 B B1 IS-0375 12/1/2018 - 739.13 110.87 850.00 - 11/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 11/5/2018 - 320.00 48.00 368.00 - 11/5/2018 XY Traders Invoice 12987 Commission 4,427.50 B B1 IS-0320 12/5/2018 - 3,850.00 577.50 4,427.50 - 11/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 11/5/2018 - (10,000.00) - (10,000.00) - 11/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 11/5/2018 - 10,000.00 - 10,000.00 - 11/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 11/15/2018 - 69.57 10.43 80.00 - 11/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 11/15/2018 - 30.43 4.57 35.00 - 11/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 12/3/2018 - 2,000.00 300.00 2,300.00 - 11/19/2018 Interflora Cash Flowers 102.00 B PC IS-0345 11/19/2018 - 88.70 13.30 102.00 - 11/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (150,000.00) E B2 BS-0799 11/20/2018 - (150,000.00) - (150,000.00) - 11/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 150,000.00 E B1 BS-0799 11/20/2018 - 150,000.00 - 150,000.00 - 11/26/2018 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 11/26/2018 - 45,000.00 - 45,000.00 - 11/26/2018 HP Finance Debit Order Capital repayment 2,760.03 E B1 BS-1805 11/26/2018 - 2,760.03 - 2,760.03 - 11/26/2018 HP Finance Debit Order Interest paid 1,489.38 E B1 IS-0600 11/26/2018 - 1,489.38 - 1,489.38 - 11/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 11/26/2018 - 12,000.00 1,800.00 13,800.00 - 11/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 11/26/2018 - 35,000.00 - 35,000.00 - 11/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 12/6/2018 - 7,200.00 - 7,200.00 - 11/26/2018 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 12/6/2018 - 9,320.00 - 9,320.00 - 11/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 102.00 E B1 BS-0799 11/30/2018 - 102.00 - 102.00 - 11/30/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (102.00) E PC BS-0799 11/30/2018 - (102.00) - (102.00) - 11/30/2018 Google Card Online Marketing 10,240.00 E B3 IS-0310 12/7/2018 - 10,240.00 - 10,240.00 - 12/1/2018 IS Communications Invoice EXP31 Internet Service Provider 850.00 B B1 IS-0375 12/31/2018 - 739.13 110.87 850.00 - 12/5/2018 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 12/5/2018 - 320.00 48.00 368.00 - 12/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 12/5/2018 - (10,000.00) - (10,000.00) - 12/5/2018 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 12/5/2018 - 10,000.00 - 10,000.00 - 12/6/2018 Interflora Cash Flowers 96.00 B PC IS-0345 12/6/2018 - 83.48 12.52 96.00 - 12/15/2018 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 12/15/2018 - 69.57 10.43 80.00 - 12/15/2018 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 12/15/2018 - 30.43 4.57 35.00 - 12/15/2018 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 1/2/2019 - 2,000.00 300.00 2,300.00 - 12/17/2018 Newscorp M00353051 Subscriptions 120.00 B B1 IS-0355 1/16/2019 - 104.35 15.65 120.00 - 12/17/2018 Waltons Invoice Stationery 310.00 B B1 IS-0365 1/16/2019 - 269.57 40.43 310.00 - 12/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer (90,000.00) E B2 BS-0799 12/20/2018 - (90,000.00) - (90,000.00) - 12/20/2018 Example (Pty) Ltd Transfer Inter Account Transfer 90,000.00 E B1 BS-0799 12/20/2018 - 90,000.00 - 90,000.00 - 12/22/2018 GF Supplies IN1192 Consumables 648.00 B PC IS-0325 12/22/2018 - 563.48 84.52 648.00 - 12/25/2018 Inland Revenue Return Sales Tax 40,976.74 E B1 BS-1700 12/25/2018 - 40,976.74 - 40,976.74 -

of 47





Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

12/26/2018 Example (Pty) Ltd Payroll Salaries 75,000.00 E B2 IS-0410 12/26/2018 - 75,000.00 - 75,000.00 - 12/26/2018 HP Finance Debit Order Capital repayment 2,783.03 E B1 BS-1805 12/26/2018 - 2,783.03 - 2,783.03 - 12/26/2018 HP Finance Debit Order Interest paid 1,466.38 E B1 IS-0600 12/26/2018 - 1,466.38 - 1,466.38 - 12/26/2018 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 12/26/2018 - 12,000.00 1,800.00 13,800.00 - 12/26/2018 Example (Pty) Ltd Payroll Net Pay - Staff 70,000.00 E B2 IS-0405 12/26/2018 - 70,000.00 - 70,000.00 - 12/26/2018 Example (Pty) Ltd Payroll Deductions - Staff 14,400.00 E B2 IS-0405 1/6/2019 - 14,400.00 - 14,400.00 - 12/26/2018 Example (Pty) Ltd Payroll Deductions - Management 13,200.00 E B2 IS-0410 1/6/2019 - 13,200.00 - 13,200.00 - 12/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 744.00 E B1 BS-0799 12/31/2018 - 744.00 - 744.00 - 12/31/2018 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (744.00) E PC BS-0799 12/31/2018 - (744.00) - (744.00) - 12/31/2018 Google Card Online Marketing 10,580.00 E B3 IS-0310 1/7/2019 - 10,580.00 - 10,580.00 - 1/1/2019 IS Communications Invoice EXP32 Internet Service Provider 850.00 B B1 IS-0375 1/31/2019 - 739.13 110.87 850.00 - 1/5/2019 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 1/5/2019 - 320.00 48.00 368.00 - 1/5/2019 Example (Pty) Ltd Transfer Inter Account Transfer (10,000.00) E B3 BS-0799 1/5/2019 - (10,000.00) - (10,000.00) - 1/5/2019 Example (Pty) Ltd Transfer Inter Account Transfer 10,000.00 E B1 BS-0799 1/5/2019 - 10,000.00 - 10,000.00 - 1/15/2019 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 1/15/2019 - 69.57 10.43 80.00 - 1/15/2019 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 1/15/2019 - 30.43 4.57 35.00 - 1/15/2019 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 2/2/2019 - 2,000.00 300.00 2,300.00 - 1/16/2019 Interflora Cash Flowers 105.00 B PC IS-0345 1/16/2019 - 91.30 13.70 105.00 - 1/20/2019 Example (Pty) Ltd Transfer Inter Account Transfer (50,000.00) E B2 BS-0799 1/20/2019 - (50,000.00) - (50,000.00) - 1/20/2019 Example (Pty) Ltd Transfer Inter Account Transfer 50,000.00 E B1 BS-0799 1/20/2019 - 50,000.00 - 50,000.00 - 1/26/2019 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 1/26/2019 - 45,000.00 - 45,000.00 - 1/26/2019 HP Finance Debit Order Capital repayment 3,451.91 E B1 BS-1805 1/26/2019 - 3,451.91 - 3,451.91 - 1/26/2019 HP Finance Debit Order Interest paid 1,859.85 E B1 IS-0600 1/26/2019 - 1,859.85 - 1,859.85 - 1/26/2019 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 1/26/2019 - 12,000.00 1,800.00 13,800.00 - 1/26/2019 Training Inc Invoice Training 2,100.00 B B1 IS-0380 1/31/2019 - 1,826.09 273.91 2,100.00 - 1/26/2019 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 1/26/2019 - 35,000.00 - 35,000.00 - 1/26/2019 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 2/6/2019 - 7,200.00 - 7,200.00 - 1/26/2019 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 2/6/2019 - 9,320.00 - 9,320.00 - 1/31/2019 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 100.00 E B1 BS-0799 1/31/2019 - 100.00 - 100.00 - 1/31/2019 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (100.00) E PC BS-0799 1/31/2019 - (100.00) - (100.00) - 1/31/2019 Google Card Online Marketing 11,203.00 E B3 IS-0310 2/7/2019 - 11,203.00 - 11,203.00 - 2/1/2019 IS Communications Invoice EXP33 Internet Service Provider 850.00 B B1 IS-0375 850.00 739.13 110.87 850.00 - 2/5/2019 EAG Brokers Debit Order Insurance 368.00 B B1 IS-0340 2/5/2019 - 320.00 48.00 368.00 - 2/5/2019 Example (Pty) Ltd Transfer Inter Account Transfer (15,000.00) E B3 BS-0799 2/5/2019 - (15,000.00) - (15,000.00) - 2/5/2019 Example (Pty) Ltd Transfer Inter Account Transfer 15,000.00 E B1 BS-0799 2/5/2019 - 15,000.00 - 15,000.00 - 2/11/2019 Waltons Invoice Stationery 289.00 B B1 IS-0365 289.00 251.30 37.70 289.00 - 2/15/2019 Capital Bank Bank Statement Service Fees 80.00 B B1 IS-0315 2/15/2019 - 69.57 10.43 80.00 - 2/15/2019 Capital Bank Bank Statement Service Fees 35.00 B B2 IS-0315 2/15/2019 - 30.43 4.57 35.00 - 2/15/2019 IAS Accountants Invoice Monthly Accounting 2,300.00 B B1 IS-0305 2,300.00 2,000.00 300.00 2,300.00 - 2/20/2019 Example (Pty) Ltd Transfer Inter Account Transfer (80,000.00) E B2 BS-0799 2/20/2019 - (80,000.00) - (80,000.00) - 2/20/2019 Example (Pty) Ltd Transfer Inter Account Transfer 80,000.00 E B1 BS-0799 2/20/2019 - 80,000.00 - 80,000.00 - 2/25/2019 Inland Revenue Return Sales Tax 31,218.52 E B1 BS-1700 2/25/2019 - 31,218.52 - 31,218.52 - 2/25/2019 Interflora Cash Flowers 75.00 B PC IS-0345 2/25/2019 - 65.22 9.78 75.00 - 2/26/2019 DF Equipment Invoice Office equipment 11,730.00 B B1 BS-0020 11,730.00 10,200.00 1,530.00 11,730.00 - 2/26/2019 Example (Pty) Ltd Payroll Salaries 45,000.00 E B2 IS-0410 2/26/2019 - 45,000.00 - 45,000.00 -

of 47





Tax Code

Bank Code

Payment Date

Outstanding Balance

Exclusive Amount

Sales Tax Amount

Inclusive Amount

Error Code

2/26/2019 HP Finance Debit Order Capital repayment 3,480.68 E B1 BS-1805 2/26/2019 - 3,480.68 - 3,480.68 - 2/26/2019 HP Finance Debit Order Interest paid 1,831.09 E B1 IS-0600 2/26/2019 - 1,831.09 - 1,831.09 - 2/26/2019 PR Properties Debit Order Rent 13,800.00 B B1 IS-0350 2/26/2019 - 12,000.00 1,800.00 13,800.00 - 2/26/2019 Example (Pty) Ltd Payroll Net Pay - Staff 35,000.00 E B2 IS-0405 2/26/2019 - 35,000.00 - 35,000.00 - 2/26/2019 Example (Pty) Ltd Payroll Deductions - Staff 7,200.00 E B2 IS-0405 7,200.00 7,200.00 - 7,200.00 - 2/26/2019 Example (Pty) Ltd Payroll Deductions - Management 9,320.00 E B2 IS-0410 9,320.00 9,320.00 - 9,320.00 - 2/28/2019 XY Traders Invoice 14278 Commission 17,250.00 B B1 IS-0320 17,250.00 15,000.00 2,250.00 17,250.00 - 2/28/2019 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement 75.00 E B1 BS-0799 2/28/2019 - 75.00 - 75.00 - 2/28/2019 Example (Pty) Ltd Bank Statement Petty Cash Reimbursement (75.00) E PC BS-0799 2/28/2019 - (75.00) - (75.00) - 2/28/2019 Inland Revenue Return Provisional Tax 24,185.00 E B1 IS-0700 2/28/2019 - 24,185.00 - 24,185.00 - 2/28/2019 None Journal Depreciation 18,232.00 E JC IS-0505 2/28/2019 - 18,232.00 - 18,232.00 - 2/28/2019 None Journal Depreciation 12,190.00 E JC IS-0505 2/28/2019 - 12,190.00 - 12,190.00 - 2/28/2019 None Journal Depreciation (18,232.00) E JC BS-0115 2/28/2019 - (18,232.00) - (18,232.00) - 2/28/2019 None Journal Depreciation (12,190.00) E JC BS-0120 2/28/2019 - (12,190.00) - (12,190.00) - 2/28/2019 None Journal Amortization 14,720.00 E JC IS-0510 2/28/2019 - 14,720.00 - 14,720.00 - 2/28/2019 None Journal Amortization (14,720.00) E JC BS-0315 2/28/2019 - (14,720.00) - (14,720.00) - 2/28/2019 None Journal Dividend Declared 50,000.00 E JC IS-1000 2/28/2019 - 50,000.00 - 50,000.00 - 2/28/2019 None Journal Dividend Declared (50,000.00) E JC BS-1405 2/28/2019 - (50,000.00) - (50,000.00) - 2/28/2019 Google Card Online Marketing 12,100.00 E B3 IS-0310 12,100.00 12,100.00 - 12,100.00 -

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Example (Pty) LimitedIncome Statement 3/1/2017© www.excel-skills.com 2/28/2018Description Mar-2018 Apr-2018 May-2018 Jun-2018 Jul-2018 Aug-2018 Sep-2018 Oct-2018 Nov-2018 Dec-2018 Jan-2019 Feb-2019 Total 2019 Total 2018

Software Sales 122,545.00 136,970.00 183,080.00 146,540.00 133,200.00 127,970.00 161,200.00 176,530.00 131,320.00 113,045.00 136,690.00 152,100.00 1,721,190.00 - Advertising Income 12,500.00 10,300.00 15,200.00 9,500.00 22,300.00 21,400.00 15,100.00 18,400.00 22,150.00 10,320.00 15,400.00 24,350.00 196,920.00 - Commission Received 1,500.00 1,200.00 1,400.00 1,600.00 2,100.00 1,900.00 1,800.00 2,200.00 2,400.00 1,540.00 2,000.00 2,700.00 22,340.00 - Total Turnover 136,545.00 148,470.00 199,680.00 157,640.00 157,600.00 151,270.00 178,100.00 197,130.00 155,870.00 124,905.00 154,090.00 179,150.00 1,940,450.00 - Other Income 150.01 120.65 160.23 170.21 165.23 166.24 164.21 165.89 167.25 166.45 166.23 167.25 1,929.85 - Operating ExpensesAccounting Fees 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 24,000.00 - Advertising & Marketing 10,000.00 24,800.00 11,020.00 10,500.00 10,850.00 11,400.00 10,600.00 10,350.00 10,240.00 10,580.00 11,203.00 12,100.00 143,643.00 - Bank Charges 80.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,180.00 - Commission - - 5,000.00 - - 4,000.00 - - 3,850.00 - - 15,000.00 27,850.00 - Computer Expenses - 2,173.91 - - - - - 739.13 - 563.48 - - 3,476.52 - Consumables & Cleaning - - - - 2,500.00 - - - - - - - 2,500.00 - Entertainment - - - - - - - - - - - - - - Insurance 320.00 320.00 320.00 320.00 320.00 320.00 320.00 320.00 320.00 320.00 320.00 320.00 3,840.00 - Office Expenses 78.95 75.65 56.52 95.65 25.22 67.83 78.26 189.57 88.70 83.48 91.30 65.22 996.34 - Office Rent 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 144,000.00 - Postage 419.30 - - - - - - - - 104.35 - - 523.65 - Professional & Legal Fees - - - - - - 5,652.17 - - - - - 5,652.17 - Stationery - - 853.91 - 661.74 203.48 - 251.30 - 269.57 - 251.30 2,491.30 - Subscriptions & Memberships - - - - 5,200.00 - - - - - - - 5,200.00 - Telephone & Internet 736.84 739.13 739.13 739.13 739.13 739.13 739.13 739.13 739.13 739.13 739.13 739.13 8,867.28 - Training - - 1,086.96 - - - 1,130.43 - - - 1,826.09 - 4,043.48 - Travelling & Accommodation 105.26 - 860.87 1,826.09 - 2,191.30 4,886.96 3,834.78 - - - - 13,705.26 - Utilities - - - - - - - - - - - - - - Total Operating Expenses 25,740.35 42,208.70 34,037.39 27,580.87 34,396.09 33,021.74 37,506.96 30,523.91 29,337.83 26,760.00 28,279.52 42,575.65 391,969.00 - Staff CostsSalaries & Wages - Staff 42,200.00 42,200.00 42,200.00 42,200.00 42,200.00 42,200.00 42,200.00 42,200.00 42,200.00 84,400.00 42,200.00 42,200.00 548,600.00 - Salaries & Wages - Management 54,320.00 54,320.00 54,320.00 54,320.00 54,320.00 54,320.00 54,320.00 54,320.00 54,320.00 88,200.00 54,320.00 54,320.00 685,720.00 - Total Staff Costs 96,520.00 96,520.00 96,520.00 96,520.00 96,520.00 96,520.00 96,520.00 96,520.00 96,520.00 172,600.00 96,520.00 96,520.00 1,234,320.00 - Other Expenses - - - - - - - - - - - - - - Depreciation & AmortizationDepreciation - - - - - - - - - - - 30,422.00 30,422.00 - Amortization - - - - - - - - - - - 14,720.00 14,720.00 - Total Depreciation & Amortization - - - - - - - - - - - 45,142.00 45,142.00 - Profit / (Loss) before Interest & Tax 14,434.66 9,861.95 69,282.84 33,709.34 26,849.14 21,894.50 44,237.25 70,251.98 30,179.42 (74,288.55) 29,456.71 (4,920.40) 270,948.85 - Interest Paid 1,666.67 1,645.14 1,623.44 1,601.56 1,579.49 1,557.24 1,534.81 1,512.19 1,489.38 1,466.38 1,859.85 1,831.09 19,367.24 - Profit / (Loss) before tax 12,767.99 8,216.81 67,659.40 32,107.78 25,269.65 20,337.26 42,702.44 68,739.79 28,690.04 (75,754.93) 27,596.86 (6,751.49) 251,581.61 - Taxation Paid - - - - - 46,580.00 - - - - - 24,185.00 70,765.00 - Profit / (Loss) for the year 12,767.99 8,216.81 67,659.40 32,107.78 25,269.65 (26,242.74) 42,702.44 68,739.79 28,690.04 (75,754.93) 27,596.86 (30,936.49) 180,816.61 - Dividends Paid - - - - - - - - - - - 50,000.00 50,000.00 - Retained earnings for the year 12,767.99 8,216.81 67,659.40 32,107.78 25,269.65 (26,242.74) 42,702.44 68,739.79 28,690.04 (75,754.93) 27,596.86 (80,936.49) 130,816.61 -

On this sheet:This monthly income statement is automatically compiled based on the transactions that are

entered on the Income and Expenses sheets. No user input is required on this sheet. The monthly reporting periods are determined based on the reporting year that is specified on the

Setup sheet and includes 12 monthly periods. Additional accounts can be added and the key in column A determines whether individual account balances or account group totals are

displayed.

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Example (Pty) LimitedCash Flow Statement© www.excel-skills.com

Description Mar-2018 Apr-2018 May-2018 Jun-2018 Jul-2018 Aug-2018 Sep-2018 Oct-2018 Nov-2018 Dec-2018 Jan-2019 Feb-2019 Total 2019Cash flows from operating activitiesProfit / (Loss) for the year 12,767.99 8,216.81 67,659.40 32,107.78 25,269.65 (26,242.74) 42,702.44 68,739.79 28,690.04 (75,754.93) 27,596.86 (30,936.49) 180,816.61 Interest Paid 1,666.67 1,645.14 1,623.44 1,601.56 1,579.49 1,557.24 1,534.81 1,512.19 1,489.38 1,466.38 1,859.85 1,831.09 19,367.24 Taxation Paid - - - - - 46,580.00 - - - - - 24,185.00 70,765.00 Adjustment for non-cash expenses:Depreciation - - - - - - - - - - - 30,422.00 30,422.00 Amortization - - - - - - - - - - - 14,720.00 14,720.00 Reserves - - - - - - - - - - - - - Changes in operating assets & liabilitiesTrade Debtors (4,022.10) (17,417.40) 49,023.50 (59,229.00) 138,241.00 (128,785.50) 23,285.50 (17,445.00) (82,768.00) 34,803.00 53,380.00 64,250.00 53,316.00 Loans & Advances 12,000.00 - - - - - - - - - - - 12,000.00 Other Debtors - 15,000.00 - - - - - - - - - - 15,000.00 Cash On Hand - - - - - - - - - - - - - Trade Creditors (15,875.00) 17,959.50 (10,665.50) (6,402.00) 9,116.00 (4,232.00) (3,484.00) (2,111.00) 4,878.50 6,572.50 (10,887.00) 31,016.00 15,886.00 Sales Tax 13,359.45 (17,802.75) 24,219.39 (20,357.22) 16,763.09 (20,184.71) 20,413.96 (12,867.79) 17,193.33 (28,172.74) 18,414.52 (14,099.87) (3,121.35)Accruals - - - - - - - - - - - - - Other Provisions - - - - - - - - - - - - - Cash generated from operations 19,897.01 7,601.30 131,860.23 (52,278.88) 190,969.23 (131,307.71) 84,452.71 37,828.19 (30,516.75) (61,085.79) 90,364.23 121,387.73 409,171.50 Interest Paid (1,666.67) (1,645.14) (1,623.44) (1,601.56) (1,579.49) (1,557.24) (1,534.81) (1,512.19) (1,489.38) (1,466.38) (1,859.85) (1,831.09) (19,367.24)Taxation Paid - - - - - (46,580.00) - - - - - (24,185.00) (70,765.00)Net cash from operating activities 18,230.34 5,956.16 130,236.79 (53,880.44) 189,389.74 (179,444.95) 82,917.90 36,316.00 (32,006.13) (62,552.17) 88,504.38 95,371.64 319,039.26 Cash flows from investing activitiesProperty, Plant & Equipment - Cost - (15,450.00) - - - - - - - - - (10,200.00) (25,650.00)Intangible Assets - Cost - - - - - - - - - - - - - Investments - - - - - (30,750.00) - - - - - - (30,750.00)Net cash used in investing activities - (15,450.00) - - - (30,750.00) - - - - - (10,200.00) (56,400.00)Cash flows from financing activitiesShareholders' Contributions - - - - - - - - - - - - - Dividends Paid - - - - - - - - - - - - - Long Term Liabilities - Proceeds - - - - - - - - - - 50,000.00 - 50,000.00 Long Term Liabilities - Repayments (2,582.74) (2,604.27) (2,625.97) (2,647.85) (2,669.92) (2,692.17) (2,714.60) (2,737.22) (2,760.03) (2,783.03) (3,451.91) (3,480.68) (33,750.39)Net cash from financing activities (2,582.74) (2,604.27) (2,625.97) (2,647.85) (2,669.92) (2,692.17) (2,714.60) (2,737.22) (2,760.03) (2,783.03) 46,548.09 (3,480.68) 16,249.61 Increase / (Decrease) in cash equivalents 15,647.60 (12,098.11) 127,610.82 (56,528.29) 186,719.82 (212,887.12) 80,203.30 33,578.78 (34,766.16) (65,335.20) 135,052.47 81,690.96 278,888.87 Cash & cash equivalents at beginning of year 107,750.50 123,398.10 111,299.99 238,910.81 182,382.52 369,102.34 156,215.22 236,418.52 269,997.30 235,231.14 169,895.94 304,948.41 107,750.50 Cash & cash equivalents at end of year 123,398.10 111,299.99 238,910.81 182,382.52 369,102.34 156,215.22 236,418.52 269,997.30 235,231.14 169,895.94 304,948.41 386,639.37 386,639.37

On this sheet:This monthly cash flow statement is automatically compiled based on the automated income statement and balance sheet balances.

No user input is required on this sheet.

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Example (Pty) LimitedBalance Sheet© www.excel-skills.com

Description Feb-2018 Mar-2018 Apr-2018 May-2018 Jun-2018 Jul-2018 Aug-2018 Sep-2018 Oct-2018 Nov-2018 Dec-2018 Jan-2019 Feb-2019 Total 2019

ASSETSNon-Current AssetsProperty, Plant & Equipment - Cost 183,750.00 183,750.00 199,200.00 199,200.00 199,200.00 199,200.00 199,200.00 199,200.00 199,200.00 199,200.00 199,200.00 199,200.00 209,400.00 209,400.00 Property, Plant & Equipment - Accum Dep (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (34,500.00) (64,922.00) (64,922.00)Intangible Assets - Cost 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 147,200.00 Intangible Assets - Amortization (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (29,440.00) (44,160.00) (44,160.00)Investments 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 180,750.00 180,750.00 180,750.00 180,750.00 180,750.00 180,750.00 180,750.00 180,750.00

417,010.00 417,010.00 432,460.00 432,460.00 432,460.00 432,460.00 463,210.00 463,210.00 463,210.00 463,210.00 463,210.00 463,210.00 428,268.00 428,268.00 Current AssetsTrade Debtors 146,376.00 150,398.10 167,815.50 118,792.00 178,021.00 39,780.00 168,565.50 145,280.00 162,725.00 245,493.00 210,690.00 157,310.00 93,060.00 93,060.00 Loans & Advances 12,000.00 - - - - - - - - - - - - - Other Debtors 15,000.00 15,000.00 - - - - - - - - - - - - B1 Bank Account 45,250.50 113,782.29 105,618.53 214,124.12 159,810.62 333,920.21 105,971.85 212,555.94 252,023.83 145,595.42 129,738.77 262,525.01 341,406.72 341,406.72 B2 Bank Account 61,500.00 8,615.81 4,681.46 18,586.69 17,401.90 30,512.13 46,423.37 21,432.58 10,143.47 82,155.72 32,917.17 35,768.40 34,780.65 34,780.65 B3 Bank Account - - - 5,200.00 4,180.00 3,680.00 2,830.00 1,430.00 6,830.00 6,480.00 6,240.00 5,660.00 9,457.00 9,457.00 PC Petty Cash 1,000.00 1,000.00 1,000.00 1,000.00 990.00 990.00 990.00 1,000.00 1,000.00 1,000.00 1,000.00 995.00 995.00 995.00 GL Journal Control - - - - - - - - - - - - - - Cash On Hand - - - - - - - - - - - - - -

281,126.50 288,796.20 279,115.49 357,702.81 360,403.52 408,882.34 324,780.72 381,698.52 432,722.30 480,724.14 380,585.94 462,258.41 479,699.37 479,699.37 Total Assets 698,136.50 705,806.20 711,575.49 790,162.81 792,863.52 841,342.34 787,990.72 844,908.52 895,932.30 943,934.14 843,795.94 925,468.41 907,967.37 907,967.37 EQUITY & LIABILITIESEquityShareholders' Contributions 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Reserves - - - - - - - - - - - - - - Retained Earnings - Opening 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 432,643.50 Retained Earnings - Current - 12,767.99 20,984.80 88,644.20 120,751.98 146,021.64 119,778.90 162,481.34 231,221.13 259,911.17 184,156.24 211,753.10 130,816.61 130,816.61

432,743.50 445,511.49 453,728.30 521,387.70 553,495.48 578,765.14 552,522.40 595,224.84 663,964.63 692,654.67 616,899.74 644,496.60 563,560.11 563,560.11 Non-Current LiabilitiesLong Term Liabilities 200,000.00 197,417.26 194,812.99 192,187.02 189,539.17 186,869.25 184,177.08 181,462.48 178,725.26 175,965.23 173,182.20 219,730.29 216,249.61 216,249.61

200,000.00 197,417.26 194,812.99 192,187.02 189,539.17 186,869.25 184,177.08 181,462.48 178,725.26 175,965.23 173,182.20 219,730.29 216,249.61 216,249.61 Current LiabilitiesTrade Creditors 45,153.00 29,278.00 47,237.50 36,572.00 30,170.00 39,286.00 35,054.00 31,570.00 29,459.00 34,337.50 40,910.00 30,023.00 61,039.00 61,039.00 Accruals - - - - - - - - - - - - - - Sales Tax 20,240.00 33,599.45 15,796.70 40,016.09 19,658.87 36,421.95 16,237.24 36,651.20 23,783.41 40,976.74 12,804.00 31,218.52 17,118.65 17,118.65 Provision for Taxation - - - - - - - - - - - - - - Dividends Payable - - - - - - - - - - - - 50,000.00 50,000.00 Other Provisions - - - - - - - - - - - - - -

65,393.00 62,877.45 63,034.20 76,588.09 49,828.87 75,707.95 51,291.24 68,221.20 53,242.41 75,314.24 53,714.00 61,241.52 128,157.65 128,157.65 Total Equity & Liabilities 698,136.50 705,806.20 711,575.49 790,162.81 792,863.52 841,342.34 787,990.72 844,908.52 895,932.30 943,934.14 843,795.94 925,468.41 907,967.37 907,967.37

On this sheet:This monthly balance sheet is automatically calculated based on the transactions that are

entered on the Income and Expenses sheets. No user input is required on this sheet. Balance sheet balances are calculated based on account groups by default but can also be included

individually by changing the key in column A.

of 47

Example (Pty) LimitedBank Accounts© www.excel-skills.com

Bank Code B1 B1

Month Feb/2019 2/28/2019

Daily For Selected Month Monthly For Financial Year

Day Opening Income Expenses Closing Month Opening Income Expenses Closing

2/1/2019 262,525.01 - - 262,525.01 Mar/2018 45,250.50 148,086.00 (79,554.21) 113,782.29 2/2/2019 262,525.01 - (2,300.00) 260,225.01 Apr/2018 113,782.29 139,278.10 (147,441.86) 105,618.53 2/3/2019 260,225.01 - - 260,225.01 May/2018 105,618.53 266,075.50 (157,569.91) 214,124.12 2/4/2019 260,225.01 - - 260,225.01 Jun/2018 214,124.12 105,432.00 (159,745.50) 159,810.62 2/5/2019 260,225.01 - (15,368.00) 244,857.01 Jul/2018 159,810.62 306,636.00 (132,526.41) 333,920.21 2/6/2019 244,857.01 - - 244,857.01 Aug/2018 333,920.21 19,665.00 (247,613.36) 105,971.85 2/7/2019 244,857.01 3,105.00 - 247,962.01 Sep/2018 105,971.85 204,435.50 (97,851.41) 212,555.94 2/8/2019 247,962.01 - - 247,962.01 Oct/2018 212,555.94 191,394.50 (151,926.61) 252,023.83 2/9/2019 247,962.01 - - 247,962.01 Nov/2018 252,023.83 74,760.00 (181,188.41) 145,595.42 2/10/2019 247,962.01 - - 247,962.01 Dec/2018 145,595.42 152,789.00 (168,645.65) 129,738.77 2/11/2019 247,962.01 - - 247,962.01 Jan/2019 129,738.77 218,126.00 (85,339.76) 262,525.01 2/12/2019 247,962.01 - - 247,962.01 Feb/2019 262,525.01 251,220.00 (172,338.29) 341,406.72 2/13/2019 247,962.01 - - 247,962.01 2/14/2019 247,962.01 - - 247,962.01 2/15/2019 247,962.01 - (80.00) 247,882.01 2/16/2019 247,882.01 - - 247,882.01 2/17/2019 247,882.01 - - 247,882.01 2/18/2019 247,882.01 - - 247,882.01 2/19/2019 247,882.01 - - 247,882.01 2/20/2019 247,882.01 - (80,000.00) 167,882.01 2/21/2019 167,882.01 - - 167,882.01 2/22/2019 167,882.01 - - 167,882.01 2/23/2019 167,882.01 - - 167,882.01 2/24/2019 167,882.01 - - 167,882.01 2/25/2019 167,882.01 - (31,218.52) 136,663.49 2/26/2019 136,663.49 110,000.00 (19,111.77) 227,551.72 2/27/2019 227,551.72 - - 227,551.72 2/28/2019 227,551.72 138,115.00 (24,260.00) 341,406.72

On this sheet:This sheet contains an analysis of bank account movements on a

daily & monthly basis. The appropriate bank account and month can be selected at the top of the sheet and all other calculations are

automated.

of 47

Example (Pty) Limited Sales Tax CodeSales Tax *

© www.excel-skills.com

Sales Tax Inclusive Monthly Effective %

Month Opening Output Input Payment Closing Output Input Net Output Input3/31/2018 20,240.00 15,563.10 (2,203.65) - 33,599.45 152,258.11 (116,713.41) 13,359.45 11.4% 1.9%4/30/2018 33,599.45 20,725.50 (4,928.80) (33,599.45) 15,796.70 169,316.15 (181,956.36) 15,796.70 13.9% 2.8%5/31/2018 15,796.70 27,672.00 (3,452.61) - 40,016.09 227,512.23 (138,259.41) 24,219.39 13.8% 2.6%6/30/2018 40,016.09 22,221.00 (2,562.13) (40,016.09) 19,658.87 180,031.21 (170,928.50) 19,658.87 14.1% 1.5%7/31/2018 19,658.87 20,295.00 (3,531.91) - 36,421.95 178,060.23 (138,697.41) 16,763.09 12.9% 2.6%8/31/2018 36,421.95 19,480.50 (3,243.26) (36,421.95) 16,237.24 170,916.74 (250,786.36) 16,237.24 12.9% 1.3%9/30/2018 16,237.24 24,450.00 (4,036.04) - 36,651.20 202,714.21 (142,312.41) 20,413.96 13.7% 2.9%10/31/2018 36,651.20 26,809.50 (3,026.09) (36,651.20) 23,783.41 224,105.39 (170,970.61) 23,783.41 13.6% 1.8%11/30/2018 23,783.41 20,058.00 (2,864.67) - 40,976.74 176,095.25 (132,971.91) 17,193.33 12.9% 2.2%12/31/2018 40,976.74 15,231.00 (2,427.00) (40,976.74) 12,804.00 140,302.45 (247,013.15) 12,804.00 12.2% 1.0%1/31/2019 12,804.00 20,976.00 (2,561.48) - 31,218.52 225,232.23 (132,672.76) 18,414.52 10.3% 2.0%2/28/2019 31,218.52 23,220.00 (6,101.35) (31,218.52) 17,118.65 202,537.25 (216,112.29) 17,118.65 12.9% 2.9%

On this sheet:This sheet contains a monthly sales tax analysis. All the calculations are automated. You can also select individual sales tax codes at the

top of the sheet to view the output and input values for any individual sales tax code.

excel skills | service based accounting template · xls file · web view2018-05-03 · salestax...

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