Live T-Account Template

If you’re an accountant, you know that quickly doing a t-account can sometimes help you plan your journal entries and save you some headaches later on. But sometimes it can be time-consuming and a bit cumbersome to go through the process of setting everything up in an Excel spreadsheet. That’s where my new, live t-account template can help you.

Simply go to this link and you’ll be taken to a page where you can start creating your t-accounts on the fly. All you need to do is first make sure you name the accounts along the top and then record the entries on the left-hand-side. The accounts will automatically update as you enter the data.

Here’s a quick demo of how the page works:

It supports 20 line items and five accounts. And if you make a mistake or want to make another set of t-accounts, you can just refresh the page to clear what you’ve entered.

If you like the live t-account template and find it useful, please give this site a like on Facebook and also be sure to check out some of the many templates that we have available for download.

t account excel template spreadsheet

T-Account Template

A good way to plan and organize your journal entries is to use t accounts. This template will allow you to setup and manage multiple accounts and see the impact of all your entries. It’s a quick way to plan and hopefully prevent any mistakes before they happen.

Download Options

Free version: Download Here

Full version: (no ads/workbook locks): see product page

About This Template

This template allows you to easily setup t-accounts and make entries on the left hand side of the spreadsheet and see the affect on the related t-accounts on the right hand side.
There are placeholders for 10 different t-accounts with the first row specifying the GL number (this will need to match the GL column in the entries to correctly update the t-account), the GL description (for reference only and not needed for calculations), and if there is an opening debit or credit balance for the account. Once setup, any entries you enter will automatically update the t-account which will show the updated balance as well.
Below is how this looks with the sample data in the template. Feel free to test out the template with the embedded Excel file below