This template goes beyond simple SUMIF formulas to provide a comprehensive financial statement workbook. It is pre-structured for your tax return, including Schedule C and Schedule E formats. It also includes a Profit and Loss Statement, Balance Sheet, Statement of Cash Flows, and a Statement of Equity, all integrated into an interactive dashboard. It eliminates the need for manual calculations, streamlining your bookkeeping process.

The template is set up in a financial statement format specifically designed for Schedule C (self-employed income) and Schedule E (rental property income) tax reporting. By categorizing and totaling your income, expenses, assets, liabilities, and equity, it ensures that all data needed for your tax return is ready and organized.

Yes! The template includes a Statement of Cash Flows, which provides insights into where your cash is being spent, and a Statement of Equity, which tracks your contributions, distributions, and retained earnings. These features give you a complete financial picture, making it more robust than traditional bookkeeping tools.

The template is beginner-friendly! It automates calculations, so there’s no need to create formulas or use a calculator. The interactive dashboard simplifies data visualization, while the pre-built financial statements ensure everything is clear and accurate. Minimal Excel knowledge is required to start.

This template provides nearly the same functionality as accounting software by including all major financial statements and an interactive dashboard, but without the hefty subscription fees. It’s perfect for small business owners or landlords who need professional bookkeeping without breaking the bank. Plus, it’s tailored for tax preparation, saving you time and stress during tax season.