Invoicing: Speaking of templates, Excel comes equipped with a wide variety of templates for invoicing services __ like laundry service for your work grubs. Create Recommendations: Whether you put it on your receipts or on your work orders, Excel's ability to add drop_down menus to a cell can make it easy for your employees to select an extra bit of maintenance that a customer's car could use. Maintain Service Histories: The same drop_down menus that power the ability to offer maintenance recommendations can be used to create standardized service histories that are easy to read and use. Work Orders: A simple Excel template will allow you to create standardized and easy_to_read work orders that can be printed, modified, and saved with ease.
Once this person has a financial template, they can use it to create forms the template will simply guide them through. The mere fact that the template has certain line items _ like the Balance Sheet, for example, forces you to think in a well_organized fashion and gather the information according to the structure of the template _ cash balances, accounts receivable, fixed assets, liabilities, etc. The same goes for a Business Plan. A well_designed financial template can steer you away from making some fundamental mistakes. A client of mine brought me a self_prepared Business Plan once and we both smiled at the many line items he had on his Profit & Loss statement which really belonged on a Balance Sheet. With a professionally designed template, he wouldn't have made that mistake.