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An Excel template is a predesigned sheet that can be used to create new worksheets with the same layout, formatting and formulas. With templates, you don't need to recreate the basic elements every time as they are already integrated into the spreadsheet.
A template for Excel is a pre-built spreadsheet or workbook that's already formatted, organized, and populated with formulas tailored for its purpose.
Open the workbook that you want to use as a template. , and then click Save As. In the File name box, type the name that you want to use for the template. In the Save as type box, click Excel Template, or click Excel Macro-Enabled Template if the workbook contains macros that you want to make available in the template.
Most Excel accounting templates offer similar functions, but some do more than others. Depending on your business needs, your company may require a template that can easily track bank accounts, debit, and credit cards.
For this purpose, you can set up a special tab or sheet dedicated exclusively to contract tracking. You'll probably want to set specific columns for important information such as the date of the contract, its expiration date, any renewal options, and perhaps even details about the parties involved.