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Notion invoices for Finance

I love this notion template because we can easily track income and expense transactions for example I've received $1,000 this month so I'm going to log a new income I'll register it as freelancing enter the amount of $1,000 assign it to my personal account and categorize it as freelancing so I'll select the freelancing category and since I received it today I'll set today's date now we can see in the total balance that we had 4,712 and now it's 5,712 because our net worth increased by $1,000 all right now if we check the personal account we have $1,643 because earlier we only had 643 and since I added 1,000 we now have $1,643 perfect also since I've spent some money I'll register a new expense using the new expenses button I'll name it Transportation the amount spent is2 $ and I'll deduct it from the personal account I'll assign the transportation category and set today's date Perfect all right now here we have the bank account section and the payment platform section bank accounts are the traditional bank accounts that we all have and payment platforms are online platforms so on this side we have traditional bank accounts Neo Banks savings accounts cash accounts and debit or credit card accounts on the other side we have payment platforms like PayPal payeer or wise as well as cryptocurrency platforms e-commerce platforms and digital payment systems like zel venmo or cash app great now I'll show you how to set up a credit card account with its billing cycle this card will have a limit of $1,000 because that's the credit limit the bank gave me and it has a start and end date for billing as we can see here the $1,000 were added to the balance we don't have a way to log that as income here but we can go to the income section and record it for example I'll log it here as credit card reset the account will be the credit card that I just modified and I'll categorize it as credit perfect now let's move to the loans and debt section here we can track all the loans we need to pay as well as the money owed to us for example this section shows how much we owe this month and this year as we pay off these loans we can add expense transactions using this button and I'll register the housing loan [Music] I have to pay 1,494 79 it is going to be paid with my personal account the loan is the housing loan and the date is today's date we can also track money owed to us for example I lent $200 which had a 50% interest rate so the total became $300 it has been fully repaid so the payment progress is 100% the receivables indicator is at zero because there's nothing left owed to me excellent now let's go to the main dashboard I like to save a bit every month in this case I'll transfer $200 from my personal account to my savings account click on new transfer I'll name it savings it's going from my personal account to my savings account perfect we've transferred $200 from personal to savings and the date is today's date all right now let's look at how to set monthly budgets let's head over to the budget page and here we can see some indicators that show our monthly budgets what we've spent so far and the remaining budget I already had $200 set as a budget but now we can assign more budgets to expense categories budgets are limits we assign to each expense category for example in transportation I'll set a $300 limit and in health a limit of $150 now our monthly budget has a limit of $650 with $200 spent so far leaving $450 remaining if we go to the main dashboard we can also see these indicators in the budget module and we can access the budgeted categories in the categories tab under budgeted categories here we can see the limits for all categories for example we've already spent $200 in transportation which was the expense we logged earlier Perfect all right now let's go to the wish list let's head over to the wish list and and here we can see all the items we're either saving for or paying off in installments for example I'm paying for the guitar phone and laptop in installments down here I have the items I'm saving for and here are the items I'm paying for in installments let's log a new payment for the guitar click new payment and type guitar payment this will be an expense transaction for $250 which I'll deduct from my payeer account and associate with the guitar excellent now I'm going to create a savings transaction for this couch savings transactions are Income transactions meaning I'm adding money to an account to save for a specific item for example I'll save for the couch saving $200 and I'll add that to the checking account with today's date perfect now let's look at how to track subscriptions on this page we have a record of all the active subscriptions we have and the ones that might be archived for example I've had these subscriptions before but right now I only have Spotify Netflix and iCloud I'll log a new payment for Spotify even though I still have 23 days left click here type Spotify payment the amount is $10 and I'll pay that with my payeer account it's for the Spotify subscription today's date and the billing cycle is monthly so I go to the Spotify subscription and I still have 23 days left but now 30 more days have been added since I've already paid so it will expire on December 13th now we see that we have 53 days left on Spotify great now let's see how to track bills let's go to the bills page and as you can see we have access to the bills we frequently pay in other archived bills here for example I'll log a payment for electricity which is due in 10 days with a fixed rate of $115 click here I'll name it electricity the amount is $15 it'll be deducted from the checking account the bill is for electricity today's date and the billing cycle is monthly so we go here and we change the due date not to the 31st of this month but to the 30th of November we can see that we already have 40 days left okay in this section we have a view of all the stocks we might have for example we can log any publicly traded stock like Google apple or Microsoft here we have a real-time chart showing stock prices right now we're looking at Apple's prices over the past week and down here we have the sectors our stocks are categorized in shown as a pie chart or a table now let's go to the report section here we can find reports grouped by transactions each quarter the last transactions I logged were for the last quarter of the year which is Q4 and as you can see all these transactions are reflected here we have incomes expenses subscription transactions bills wish list items and Loans that's great we also have templates for 2024 2025 and even 2026 if I want to have an overview of the entire template I can go to the main menu and in the main menu I can access all the pages that make up this template all neatly grouped together if you want this template I've left the link in the description for you to download it