Earnings Tracker Works Across Multiple Years
In Earnings Tracker, figures are seamlessly carried over from one year to the next.
When you add a new month into Earnings Tracker, you associate it with a particular year. You can add as many months as you want, but you would typically have 12. The following year, you would create a new set of months, but these would be associated with the 'new' year.
When you view the Earnings Tracker spreadsheet, you select a year. All the months for that year are shown on the spreadsheet, with the totals for invoice amounts, corporation tax, income tax, national insurance contributions, salaries, etc. given at the bottom. In addition to this, grand totals are given, which show the figures for all the years added together.
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So, for example, if in the financial year 2007-2008 your business invoiced £85,000, and in the financial year 2008-2009 it invoiced £105,000, a grand total figure of £190,000 will be shown at the bottom of the invoices column on the spreadsheet.
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