This simple formula is the “=SUM” formula. In the cell on the right of the total income cell, create a formula that calculates your total income. Create a cell with a formula to calculate your total monthly incomeĪfter you have created cells for all your sources of income, you now need a cell that totals all of these values.Ĭreate this cell right under the last line of your income items.Move another cell down then input “Other Income.”Įach month, input the corresponding values depending on the income that you receive for that month. This serves as a heading for all of your income items. Start by inputting “Income” in the first cell. Although this is an optional column, it allows you to check whether or not you have already paid your bills and other payments. Move to the right again then input “Paid” or some other similar term. Move to the right then input “Due Date.” This column records the due dates of your payments or bills. This column records the value of all the other items on your sheet. Skip the 1st cell then in the next cell, input “Amount.”. If you don’t have software like Microsoft Excel installed in your computer, you can use the software of your choice.
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