As most of you know, Microsoft Excel can be a very powerful bookkeeping tool for anyone running a small business of their own. It enables users to easily and effectively keep track of money coming in and leaving the company with easy-to-follow spreadsheets and formulas that are very simple to use when calculating profits and expenses.
Here is a quick guide for putting together a spreadsheet for calculating profit.
Create a table to include the following values: Income, Expenses, Profit, and Percentage. Fill in the Income and Expenses columns.
Once you have done that, you can select the currency you are working with on the ribbon.
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Your table should now look something like this:
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To get your profit, enter the formula “=a2-b2” into the c2 Profit cell.
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Once you have received your profit amount, drag the corner of the cell to include the rest of your table.
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In order to get your profit percentage, enter the following formula into the blank cell under Percentage: = c2 / a2.
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Once you have received your percentage, drag the corner of the cell to include the rest of your table.
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You’ll see that you don’t have a percentage listed currently, but head over to the General tab up top and select “Percentage.”
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You will now have profit percentages clearly entered for each cell.
