Does Google Sheets Have a Ledger Template? (Recommendations)

A ledger (also known as a general ledger) is essentially a document that tracks all financial transactions within your business.

This includes your revenue, expenses, debts, assets, etc.

Financial transactions within a ledger are typically categorized into groups:

• Assets (what the company owns).
• Liabilities (what the company owes).
• Equity (owner's interest in the company).
• Revenue (income from different sources).
• Expenses (cost of operating the business).

A Google Sheets ledger template comes with pre-made headers, columns, and rows to help you effectively record and track your business financial transactions.

Basically, a Google Sheets ledger template acts as a structured spreadsheet where you can easily enter data about money coming in, going out, what you owe, and what you own.

These templates are helpful because they save time and ensure you include all important financial information.

Spreadsheet tools like Microsoft Excel or Google Sheets are perfect ledger tools as they’re structured, customizable, and offer formulas to automate financial metrics quickly.

Personally, I find a Google Sheets ledger template designed the right way is much more practical than an Excel ledger template.

There are three key ledger types:

• Sales Ledger: Focuses on customer transactions (accounts receivable).
• Purchase Ledger: Focuses on supplier transactions (accounts payable).
• General Ledger: An accumulation of all the ledger accounts within the business (assets, revenues, expenses, liabilities, etc).

By using these ledgers, businesses can streamline and manage their financial transactions accurately and efficiently!

Of course! Instead of using a ledger template, you can build a basic Google Sheets ledger template to record your income, expenses, and balance.

To create a Google Sheets ledger template:

• Open a new Google Sheets
• Label the first columns within your spreadsheet with headers such as ‘Date,’ ‘Description,’ ‘Reference,’ ‘Debit,’ ‘Credit,’ ‘Balance,’ etc.
• Adjust the width of your columns to ensure your data is visible.
• Select ‘Format > Number > Date’ to format the ‘Date’ column to display dates correctly.
• Select ‘Format > Number > Currency’ to format the ‘Debit,’ ‘Credit,’ and ‘Balance’ columns as ‘Currency.’
• Enter your starting balance in the first row under the ‘Balance’ header.
• Input your transactions as they occur and add a date and a brief description.

Note: You should add the amount to the ‘Debit’ or ‘Credit’ section depending on whether it's an expense or income.

• Create a ‘=SUM’ formula to calculate the running balance within the second row of the' Balance' column.

For example, let’s say ‘B’ is your Balance column, and ‘D’ and ‘E’ are Debit and Credit columns for row 2.

Your formula in B2 would look like =B1 + E2 - D2

• Drag the small square at the bottom-right of the cell below the ‘Balance’ column to copy the formula to subsequent rows.
• Add data validation rules if you like.
• Format the style and readability of your ledger by changing text colors, bolding or highlighting text, adding borders, and more.

You can also add drop-down lists, pivot tables, or charts to further visualize and enhance your financial data if you know your way around Google Sheet’s advanced features.

Sure, you can create your own Google Sheets ledger template using the above method.

But this can be pretty time-consuming unless you understand Google Sheets more deeply.

Leveraging a ready-made ledger template in Google Sheets can streamline the entire process, reducing the time spent crafting tables, formatting calculations, and more.

Luckily, plenty of Google Sheets ledger templates are available online to download and use.

Some of the best Google Sheets ledger templates are:

• Spreadsheet Point’s ledger template is a basic template that helps you keep track of your credit, debit, and balance across multiple accounts.
• Smartsheet’s various ledger templates range from simple to more specific templates like printable, general, small business, accounting, and more.
•  Coefficient.io’s three ledger templates include an annual budget comparison ledger, a startup ledger, and an account reconciliation ledger.

These ledger templates are equipped with automated calculations to reduce human errors and can be easily modified to suit your business needs.

However, if you’re looking for a simple yet fully functional Google Sheets ledger template and entire bookkeeping system, I have the answer for you.

Enter… Sheetify Bookkeeping.

Our all-in-one Google Sheets ledger template for small businesses.

Sheetify Bookkeeping is not just your standard Google Sheets ledger template; it’s an incredible Google Sheets bookkeeping template that packs a punch.

Sure, you can easily track your income, expenses, and assets within the tool.

But with Sheetify Bookkeeping, you can also manage your business goals, tax calculations, and tasks all within our Google Sheets ledger template.

All without having to create formulas, functions, automations, or charts

This Google Sheets ledger template is the best low-cost, adaptable, one-stop Google Sheets small business accounting spreadsheet.

Honestly, this Google Sheets ledger template can completely transform how you manage your business finances.

And guess what? It’s super easy to use.

Designed specifically for small and micro businesses, this innovative tool has built-in Google Apps Script automations and is equipped with ready-to-use sheets, columns, and headings.

You don’t have to lift a finger! Simply add in your business data, and the rest is done for you on one single Google Sheets ledger template.

And it doesn’t stop there.

Sheetify Bookkeeping boasts seven powerful dashboards, offering a comprehensive overview of your financial status, whether monthly, annually, or over a five-year period.

Other dashboards include a performance comparison, custom date range, balance sheet, and sales tax calculation.

Plus, you can send a PDF version of any of these dashboards to an email of your choice without leaving the Google Sheets accounting template.

This Google Sheets ledger template also seamlessly integrates with other Google Apps like Google Docs and Forms for invoice creation and Google Tasks for management of accounting tasks.

Essentially, I designed this tool as an all-in-one solution for elevating your financial monitoring capabilities.

The best part? Your entire financial management remains within Google Sheets!

Get your lifetime access to Sheetify Bookkeeping today for a one-time payment of only $67.

Learn more about Sheetify Bookkeeping template's features and tools here.