Many websites allow free download of accounting template software for MS Excel. Such MS Excel accounting templates have built-up formulas with the user only having to input values. Templates exist for almost all accounting purposes such as billing schedule, budgeting, cash flow, asset deprecation schedule, and other functions.
The best free accounting software for Excel templates are the ones accessible from the Microsoft site. The user just has to click on the download button, agree to the user service agreement, and start the download. These files are, however, in the .XLTX format of MS Excel 2007 and require the MS Office Compatibility Version to run.
The Budget budgets template section, accessible from http://office.microsoft.com/en-us/templates/CT010117232.aspx, offers ready made programs for small business budgets, budget plan, cash budget, flexible budget, manufacturing overheads, sales budget, activity budget, start up budget, expenses budget, event budget, annual operating budget, marketing budget, training budget, and a host of other purposes.
The forecasts templates provide about 45 forecast templates catering to sales and other financial forecasts, cash flow forecasts, and other projections.
The reports section accessible from http://office.microsoft.com/en-us/templates/CT010142348.aspx contains useful templates to track expenses.
The financial reports section accessible from http://office.microsoft.com/en-us/templates/CL102207727.aspx contains other useful templates for balance sheet, debt rations, accounts payable, income statement, profitability ratios, cash flow statement, sales report, and more.