This column is where this system stands out. It is just a simple SUM(B13:G13) formula which picks up the totals of every expended amount and subtracts it from the total of each budgeted amount. It then shows how much you should have available in each expense area. IMAGE NOT AVAILABLE HERE For example, you will notice that each income period ษ has been going into the electricity account. Your electricity bill is charged every 60 days so you need to accumulate these funds for when the bill arrives. This account is now showing a total of ๛ held.
Finally, you need to total that last column so that you can reconcile it with your bank account. IMAGE NOT AVAILABLE HERE This amount should always equal your bank account precisely. If it is then you're doing well.If it doesn't then you know you've missed some source of income or some expenses haven't been included in the "Used" column yet. Age: 33 Married with 4 children. My Qualifications. Bachelor in Business _ (Double Major in Accounting & Marketing from Edith Cowan University) Working as a College Bursar with over Ūm in annual revenue. My Story I first got excited about business and money when I was about 18 when my father introduced me to a network marketing scheme called Omegatrend. It was an off_shoot from the US' Amway. I worked every available moment trying to make this work for the next 3 years to no avail and finally decided to get a life when I met my wife to be.