How I Use Notion As An Accountant To Track My Finances

This is a guest post by The Accountant Guy, a Notion creator that focuses on building Notion templates to help track your finances.

As an accountant, staying organized and efficient is key to ensuring that my personal financial records are in place and I am able to provide valuable insights to my clients or employers.

Notion has been a one-stop solution for managing things smoothly be it tracking my debt or budgeting for my expenses for the month. What I love about Notion, is that it can be customized and tailored to my needs to fit my specific accounting requirements.

In this article, we’ll explore how I use Notion as an accountant and share some of the products that have helped me optimize my experience so far.

Let’s get started…

What is Notion Budget Tracker

Notion Budget Tracker helps to keep track of your budgeting needs for the month.

This would ideally track your monthly income and expenses, categorize them based on different categories and help you budget in the right way to live a stress-free life.

What are the Benefits of Notion Budget Tracker

• Keep track of your income and expenses in one central location
• Fix your monthly income goals to assess your overall performance
• Categorize your expenses to identify areas for improvement
• Set and monitor monthly budgets for different categories
• Access your budget tracker from any device, anywhere

What are the Features of Notion Budget Tracker

• Easy categorization for expenses and income
• Simple and intuitive interface for easy tracking
• Monthly budgeted tracking with progress bars
• Detailed analysis to help you understand your spending habits and income sources
• Gain access to the tracker from anywhere in the world with internet access.

What is Notion Debt Tracker

Notion Debt Tracker helps to track your debt obligations and pay your debt payments on time and Maintain your Credit Score.

This has a simple Notion dashboard and an interface to track debt payments on time, categorize them on priority and have the perfect credit score you always wished for.

What are the Benefits of Notion Debt Tracker

• Keep track of your debt obligations in one central location.
• Pay your monthly debt payments in time to maintain your credit score.
• Assign the priority for debt payments based on the snowball method.
• Set timely reminders to pay the debt on time.
• Access your debt tracker from any device, anywhere

What are the Features of Notion Debt Tracker

• Easy categorization for debt obligations.
• Simple and intuitive interface for easy tracking.
• Monthly debt payments progress with total repayment (in %).
• Detailed analysis to help you understand how you want to pay off your debt as per the snowball method.
• Gain access to the tracker from anywhere in the world with internet access.

What is Notion Sinking Funds Tracker

Notion Sinking Funds Tracker helps to save money by creating sinking funds and tracking your progressive contributions and savings.

With the help of this tracker, I am able to track how much money I have contributed towards savings for each separate and how much differential contribution is left to put towards savings for different types of funds.

What are the Benefits of Notion Sinking Funds Tracker

• Keep track of your saving goals in one central location.
• Contribute money onto a sinking fund each month to stay on track toward your savings goals.
• Assign the priority for each sinking fund and save money each month.
• Assess any shortfall or excess contribution towards any fund to meet your savings goals.
• Access your sinking funds' tracker from any device, anywhere

What are the Features of Notion Sinking Funds Tracker

• Easy categorization for sinking funds.
• Simple and intuitive interface for easy tracking.
• Monthly sinking funds contributions with total contributions (in %).
• Detailed analysis to help you understand how you want to contribute towards your sinking fund based on priority.
• Gain access to the tracker from anywhere in the world with internet access.

What is Notion Bills Tracker

Tracking my bills and paying them on time has become easy now by using this Notion Bills Tracker.

With separate classifications for each type of bill that I need to pay, setting the priority and paying them as per a desired frequency of payment makes management of payment of bills much easier now.

What are the Benefits of Notion Bills Tracker

• Keeps track of your expenses in one central location.
• Encourage paying the bills on time to improve your financial situation.
• Look out for your spending habits that can add up to extra bills without any requirement.
• Pay your bills based on priority such as Low, Medium, and High to take care of bills in the right order.
• Access your bill tracker from any device, anywhere

What are the Features of Notion Bills Tracker

• Easy-to-use interface: An intuitive and easy-to-use interface. It is simple to add your bills and pay them as they are due.
• Customizable categories: It’s easy to customize your categories of expenses (if required) allowing you to track various expenses that make sense for you. This tracker includes expenses such as Food and Groceries, Utilities, Entertainment, Loans and Debts, Travel and Transporation and Others etc.
• Historical tracking: Pay your bills based on their due period and put them under 3 categories as Upcoming Bills, Bills Past Due, and Bills Paid.
• Expense Frequency: Pay the bills based on how frequently they occur such as Daily expenses, One Time expenses, Monthly Expenses etc.
• Bill Priority: Set the priority for each bill and pay them as per your defined priority on time.

What is Notion Income Tracker

Notion Income Tracker will help you track your income like a pro and see your overall financial gains improve over some time.

This includes different sources of income features such as Salary, Side Hustle and any other source of income which gives us a single dashboard view of how we are making money each month and what are the corresponding contribution from each source of income.

How to use the Notion Income Tracker

• Add income details (Salary income, Side Hustle income).
• Add period of Income (Jan 2023, Feb 2023).
• Add income source (Salary, Side Hustle, or Other incomes).
• Add frequency of income (Monthly, Quarterly, Annually etc).
• Add amount of income

What is Notion Expense Tracker

Notion Expense tracker will help to track your expenses, define the sources, set the budget for each, and get an overview of expenses based on Needs, Desires, and Wants of all types of expenses.

This has helped to assess my expenses for each month and minimize those based on where I overspend each month.

What are the Benefits of the Notion Expense Tracker

• Track your expenses easily under 1 dashboard (daily, monthly, weekly, one-time expense, etc),
• Define the sources of expenses (up to 6 categories),
• Set the budget of the expense for each expense and see its variations from actual expenses,
• Get an overview of how much you spend on your Needs, Desires, or Wants from all expenses.

What are the Features of the Notion Expense Tracker

• Classification of Expenses as Needs, Desires, and Wants.
• Overview of Total Expenses (including Total Budgeted Expenses, Total Actual Expenses, Difference, and Change (in %).
• Actual Vs Budgeted Expenses comparison which comprises Total Budgeted Expenses.
• Top 10 Highlights featuring Top 10 Expenses, Least 10 Expenses and Recent 10 Expenses.
• Quarterly Expenses Overview featuring total expenses each month and proportion of monthly expenses to total expenses.
• Overview of Expenses categorized as Utility Bills, Food and Groceries, Loans and Debts, Travel and Transportation, Entertainment, and Others which includes total expense and proportion of each head of expense to the total expenses.
• Frequency of Expenses featuring Daily Expenses, One Time Expenses, Weekly Expenses, Monthly Expenses, Quarterly Expenses, Half Yearly Expenses, and Annual Expenses.

What is Notion Net Worth Tracker

Notion Net Worth Tracker helps you to track your financial health by calculating your assets, liabilities, and overall net worth over time.

Tracking my net worth gives me an idea of my financial situation as to how my assets are holding up against my liabilities and the scope of improvement (if any).

Again, this is very much needed when it comes to managing my personal worth over a period of time and assuring that I stay on top of my financial situation over time.

What are the Benefits of Notion Net Worth Tracker

• Keep track of your financial situation in one central location.
• Encourage savings habits to help increase your assets over time.
• Look out for your spending habits that can dampen your financial situation over course of time.
• Assess any growth or decline in net worth to meet your net worth goals.
• Access your net worth tracker from any device, anywhere

What are the Features of Notion Bills Tracker

• Easy-to-use interface: An intuitive and easy-to-use interface. It is simple to add your assets and liabilities and allows automatic updates as they change.
• Customizable categories: This tracker includes assets such as Cash, Bank, Investment, Land, and Other Assets and liabilities such as Credit cards, Car loans, Mortgages, and Other Liabilities.
• Historical tracking: It allows you to see how your net worth has changed over time, thus the tracker provides historical tracking. This allows you to see your progress made over months during an entire year.
• Goal setting: This helps you set financial goals and track your progress toward achieving them. It allows you to set goals and track your progress toward achieving them.
• Visualization: An easy visualization in one central location helps you to assess your financial performance quite easily in due course of time.

See Also

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