The purpose of this spreadsheet is to keep a record of your 'regular' income and residual income once you have received it. By keeping track every year of the various checks you have received, not only does it make life easier at tax time, but also keeps you abreast of how much you're earning in real time and how much you're netting. An obvious advantage of this kind of record keeping is that you have accurate records when you hear about a residual check that you are supposed to have received. Simply check the check-date and the amount against your spreadsheet and as long as you have systematically entered all of your pay stubs in to your spreadsheet, you can say with a significant degree of certainty whether or not you have received the residual check in question.
What does this spreadsheet do that ordinary accounting software could not?
The Income and Residual Tracker spreadsheet is designed specifically for actors. You will be able to make the distinction between regular income and residual income by checking or un-checking the check boxes during data entry. Having done that, there are several results sheets that accurately provide you with the various details of your income. More percentages than you will ever need. The easy tabs provide a quick way for users to navigate their way around the spreadsheets to get the information they need at the click of a mouse, without having to resort to creating reports and learning a whole new piece of software.