Bill Tracker

Bill trackers have been among the primary tools for the convenient monitoring of bill payment transactions. Both households and businesses can benefit from using bill trackers to manage their finances more efficiently.

Bill Tracker Definition & Meaning

A bill tracker is a document where people can easily track the status of their bills, specifically whether they were paid already.

Bill trackers are worksheets that function as organizers used by everyday individuals and established businesses to monitor their bill payment obligations.

What Is a Bill Tracker?

Bill trackers are helpful documents for managing expenses and taking note of whether certain bills have been paid already. The information that such documents or worksheets contain can assist in devising monthly or weekly budget planners. Bill trackers can be used to track either personal expenses or business-related expenses, but they must not mix in a single worksheet.

10 Types of Bill Trackers

Bill Due Tracker

Bill due trackers are the best kind of bill trackers to be reminded of the due date of your bills. Their tables have columns that are exclusively for writing down the specific date of a bill’s due. With bill due trackers, people can pretty much eliminate the risk of failing to pay bills on time just because they forgot the due dates.

Billable Hours Tracker

Companies and freelancers need to track the number of hours that they’ve delivered their professional services to earn revenue and profit. To do that, they use billable hours trackers to take note of the length of time they’ve worked for a particular client. In doing so, they can charge their clients the right amount of payment, not less than and not more than; fair pay for fair work.

Expense & Bill Digital Tracker

Expense and bill digital trackers are tracker documents that can help businesses to manage expenses vital to their daily operations. Such trackers can easily be formulated in Google Sheets, MS Excel, or any other well-reviewed spreadsheet program. Any business in any industry can adopt the use of expense and bill digital trackers to reinforce their financial management flow.

Grid Monthly Bill Tracker

The Grid Monthly Bill Tracker shows us the proper way to build a build tracker. It doesn’t have to be too convoluted; all it needs is a table with columns for bill types, due dates, amount, status, and the date paid. It shows us that bill trackers must have sufficient blank spaces on each cell to write down the necessary information or data.

Couples Bill Tracker

Couples bill trackers are great simple financial management tools for couples living together. They can create one themselves using editable templates and pretty much any word processor or spreadsheet program. After creating one, they can start listing down all their monthly expenses in the document and filling in their due dates, amount, status, and the date when each of them was paid.

Bill Paid Tracker

Bill paid trackers indicate the exact date that a bill was settled. They’re tracker documents made for recording bills that were already paid and they can be used for future financial reviews or expense reports. Bill paid tracker documents sound like they’re designed for business use, but they can also help in personal financial management.

Bill and Subscriptions Tracker

A tracker document like the Bills and Subscriptions Tracker is for people who pay for monthly necessities and subscriptions to entertainment services. They can put all of their expenses in one tracker for easy monitoring and to quickly get the sum total of the monthly cost. They can include their cable TV subscription, Netflix subscription, gaming subscription, and many more.

Yearly Bill Tracker

Yearly bill trackers are unique types of trackers since they cover an entire year of expenses. They’re best used on bills that are to be paid annually instead of the usual monthly. The numbers shown on yearly bill trackers are higher than on ordinary trackers because they track the costs of the whole calendar year.

Bill Tracker Sheet

The Bill Tracker Sheet is a basic type of bill tracker complete with all the required components. It has columns for the due date, amount of the bill, status of the bill, and the date the bill was paid. It’s a simple bill tracker that helps people fulfill their basic bill-tracking necessities.

Sample Bill Tracker

Sample bill trackers are excellent references for drafting custom bill trackers with the correct format. They can also be utilized as templates so people won’t have to create one from scratch. There are plenty of variations of sample bill trackers with features unique from other trackers.

Bill Tracker Uses, Purpose, Importance

Bill trackers have been a part of the paperwork of everyday people and company departments in charge of managing finances. The world has practiced bill tracking since the time the concept of paying bills in order to live came to fruition.

Awareness of Bill Due Dates

Having services or utilities cut off because you forgot to pay bills is quite a stressful situation, especially for businesses. Bill trackers can help avoid that outcome since they can function as a reminder of due dates. Most bill trackers have a column intended for listing the due dates of each monthly bill.

Note the Payment Amount

Service providers send out invoices and printed bills breaking down the total amount due for the month. While they already communicate the payment amount, it would be best to take note of it on a bill tracker. That way, you can check all of the total payment amounts of the month’s bills in one plain view.

Indicate the Bill Status

One of the main functions of bill trackers is to indicate the status of a bill—whether it’s already paid or still unpaid. All types of bill trackers have a dedicated Status column; the cells under that column either have the words “Paid” or “Unpaid” to indicate bill status. It has a very handy feature so people can quickly glance at their trackers to see which bills still need to be settled.

Financial Record-Keeping

Bill trackers can be archived for financial record-keeping purposes. In companies, they can be utilized as data sources for financial reports and expense reports. And also, bill trackers contain information that concerns money; any document with that kind of data must be kept safely for security purposes.

Budget Preparation

The information presented by bill trackers can help in budget preparations, most particularly the columns of the table that indicate the amount due. People can come up with a budget that’s enough to cover all the bills; nothing less and nothing more. Budgeting is a practice that benefits households and businesses.

What’s in a Bill Tracker? Parts?

Title of the Tracker

The title of the bill tracker must be present on the uppermost part. It’s important to include it since it indicates what type of bill tracker you’re presenting. For instance, if a bill tracker is for tracking insurance bills, its title can be “Insurance Bill Tracker,” “Monthly Insurance Bill Tracker,” or “Annual Insurance Bill Tracker.”

Month

Every bill tracker must indicate what month of the calendar it covers. The month must be found on the header part of the bill tracker document under the “For the period of:”. It should look like this, “For the period of: January 2023.”

Name of the Bill Tracker Creator

It’s important to indicate the name of the bill tracker creator for transparency. It must be located just below the month of the bill tracker. It should look like this, “By: John Doe” or “Prepared by: John Doe.”

Tracker Table

The tracker table is the most essential part of the bill tracker. It’s where all the necessary data and information are found. The table must have the following columns: Bill Name, Amount Due, Due Date, Status, and Date Paid.

How to Design a Bill Tracker?

1. Choose the right bill tracker size.

2. Identity the type of bill tracker document you need.

3. Select among the best downloadable Bill Tracker Templates.

4. Input your bill tracking data in your selected bill tracker template.

5. Customize the bill tracker table if needed; you may add more columns.

6. Save your custom bill tracker and print it if necessary.

Bill Tracker vs. Budget

A bill tracker is a document used to track the status of monthly bills and to be reminded of their respective due dates.

A budget is a type of financial plan document that aims to allocate enough money for every expense or item needed to complete a project or maintain operations.

What’s the Difference Between a Bill Tracker, an Invoice, and a Purchase Order?

A bill tracker is a type of tracker document used to keep tabs on monthly bills, most especially their total amount and due dates.

An invoice is a short document that lists the delivered goods and services and indicates the total sum of the cost for their efficient delivery.

A purchase order is a document issued by a buyer to purchase certain goods and services from a seller.

Bill Tracker Sizes

Official documents are printed with standard sizes and the same rule applies to bill trackers. With that said, it’s important to know the best bill tracker size options.

• US Letter Size (8.5 x 11 inches)
• A4 Size (8.3 x 11.7 inches)
• Legal Size (8.5 x 14 inches)

Bill Tracker Ideas and Examples

Bill trackers are easy to create, especially with templates. But before we start making one, we should understand that there are plenty of bill tracker variations, and the best way to discover them is to explore bill tracker ideas.

• Yearly Bill Tracker Ideas and Examples
• Bills and Subscriptions Tracker Ideas and Examples
• Bill Paid Tracker Ideas and Examples
• Couples Bill Tracker Ideas and Examples
• Sample Bill Tracker Ideas and Examples
• Bill Tracker Sheet Ideas and Examples
• Grid Monthly Bill Tracker Ideas and Examples
• Expense & Bill Digital Tracker Ideas and Examples
• Billable Hours Tracker Ideas and Examples
• Bill Due Tracker Ideas and Examples

Bill Tracker FAQs

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