Before bookkeeping software, accountants used handwritten spreadsheets to track business expenses. Now you can use programs, such as Excel to design expense spreadsheets and do the math for you ...

Although a running balance is commonly maintained on the same Excel worksheet as the debits or credits, you can also keep a running balance with figures that reside on different Excel sheets.

A chartered accountant has created a detailed Excel sheet, meticulously tracking who paid how much and how much needs to be reimbursed. This post has gone viral on social media. Read more to know ...