An income tracker in Google Sheets is useful for monitoring earnings, optimizing financial planning, and enhancing personal or business financial health.
Get a copy of our free income tracker in Google Sheets here.
Do not send a request to edit the file. Simply select File > Make a copy.
Follow the steps below to use our income tracker in Google Sheets.
Begin each month by preparing a new sheet named after the month, like "January". This sheet will track all your daily transactions, both incomes and expenses.
For every day of the month, record each transaction under the correct category. If you earn money, put it under "INCOME CATEGORY".
For money spent, use "EXPENSE CATEGORY". Write the amounts in the column for the day it happens.
At the end of each category section, notice the "TOTAL" column. This automatically sums up all the daily entries for the month. It gives you a quick look at how much you earned or spent in each category.
At the month's end, review your totals. This helps you see where your money is going and where you might need to cut back or can afford to spend a bit more.
Use what you learn from each month to adjust your spending or saving habits. If you're spending too much on "Eating Out", consider setting a lower budget for that category next month.
Remember, the first sheet in your tracker is a summary. It should pull data from each monthly sheet to give you a year-to-date view. This is done through formulas that reference the total cells in each monthly sheet.
We hope that you now have a better understanding of how to use our free income tracker in Google Sheets. If you enjoyed this article, you might also like our article on our free PTO tracker in Google Sheets or our article on our free bill tracker in Google Sheets.
