So, after you receive or pay cash, you can enter the transaction into Excel, which then will update an income statement that you create. This is useful to quickly track your finances.

How to Make a Statement Balance Column in Excel. Financial statements give you overall look at the health of your business at a given time. Microsoft's Excel can make it simple to create these ...

If you can decide what to have for lunch, you already understand Excel's IF logic--you just need to understand the format.