Adding this spreadsheet to your toolkit just makes sense. When you use a vacation rental income and expense worksheet, you minimize manual accounting work. If you’re renting out a vacation home, you might wonder, “why do I need a short-term rental excel template?” Ultimately, the goal for all vacation rental tasks is to make it as easy and painless as possible. Your whole year in one document.įeel free to use this free finance management template however you want and share it with other freelancers and service providers who may find it useful.Download our free short term rental expense spreadsheet Why do you need a short-term rental expense spreadsheet? That’s it! It’s very simple and effective. In the last column I can see my total year-to-date profit and the estimated 30% that I should have saved for taxes.Īdditionally, at the end of the file, you can find some pretty cool charts showing your revenue split and income each month. Here I can see my actual profit each month when I deduct expenses from the revenue. I link to those files right from this table, so if I need to quickly access any invoice or download a W-9 form for the particular year and contractor, I can easily do it from here. I have a special folder in my Google Drive for all contractors where I store their W-9 forms and invoices. In the expenses section I list all of my contractors, subscriptions, and client project expenses for each month. Having this revenue view helps me to see the total sales amount for each month and the projected revenue in the upcoming months.Īdditionally, I use some color coding: a green cell background for payments that have been made and yellow for projected payments.

My client project payments are usually divided into two or three installments, so I can easily mark that in this document and see the project total in the last column. This table has a list of all of my products and clients in rows and then the columns are divided into months. The revenue section shows all of the sales generated each month. However, in my document, each page represents one full year and is split between three main sections. Of course, you could easily split these sections across multiple pages and have one file for each year instead.

My list of clients and expenses isn’t that long, so I keep it all one page. When it comes to expenses, I keep track of all expenses related to client projects, contractors, recurring subscriptions, and other business expenses. I like having it all in one place where I can see my income from all of my products, monthly retainers, and client projects.

So, now let me walk you through the whole document.įor my business finance management, the main thing I need to know is how much money is coming in and how much money is going out. My email newsletter subscription to download the files. Enter your email address to access: E-Mail Address

Free income and expense template