Not natively, but you can add an Inventory sheet with SUMIF formulas. 📄 License Free for personal and commercial use. Do not resell or redistribute as your own. 📩 Need Help? If you want me to email you the actual .xlsx file , reply with your email address and I will send it (text only – no spam). Or copy the above tables into Excel and use the formulas as shown.

After entering in Journal, all reports update instantly. Q: Is this really free? Yes. No license, no subscription, no hidden fees.

Example:

Use data validation for Account (from Chart of Accounts). Use SUMIFS to extract totals per account from Journal.

Yes. Add a “Tax” column in Journal and adjust reports.

=SUMIFS(Journal!C:C, Journal!B:B, A2) (A2 = Account Name) Pull ending balances from Ledger. Verify: Total Debits = Total Credits . Step 5: Income Statement Use SUMIFS on Trial Balance where Type = Income or Expense.

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