Prepaid Insurance Calculation Sheet

📊 No More Manual Insurance Expense Calculations!

Are you still calculating insurance expense & prepaid amount manually every year?

Stop wasting time.

This Ready-to-Use Excel Template automatically:

✔ Splits Insurance into Current Year Expense & Prepaid

✔ Calculates exact number of applicable days

✔ Generates Proper Journal Entries

✔ Creates Next Year Adjustment Entry

✔ Ready for Audit & Finalization

Perfect for:

1. Chartered Accountants
2. Tax Consultants
3. Accountants
4. SMEs & Startups
5. Tally Users
6. Finance Students

🚀 What This Excel Does Automatically

✅ 1. Expense Allocation

Enter:

1. Invoice Date
2. Start Date
3. End Date
4. Amount

And it calculates:

1. Current Year Insurance Expense
2. Prepaid Insurance Expense
3. Number of Days

✅ 2. Auto Journal Entry Generator

No need to think. Just copy-paste into Tally.

💡 Why This Template is Valuable

🔹 Saves 1–2 hours per policy

🔹 Eliminates calculation errors

🔹 Audit-ready format

🔹 Helps during financial year closing

🔹 No advanced Excel knowledge required

🔹 Just edit highlighted fields