Is it possible to track expenses in Excel?

Yes, you can start tracking expenses in Excel by creating spreadsheets or using ready-made templates. However, for large volumes of data and complex tasks, it's more convenient to switch to specialized software or cloud services — they automatically calculate taxes and integrate with the bank. At the start, Excel can help systematize spending and prepare initial reports. But when the business grows, Excel becomes insufficient.

Odoo offers a centralized system where expense data immediately goes into accounting, is linked to projects and inventory, and reports are generated automatically. Ready to move from spreadsheets to a professional system? OS-MENA will help you implement Odoo for effective expense tracking.