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S Corp Expense Spreadsheet

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Published at Wednesday, May 26th 2021, 22:05:45 PM. Expenses Spreadsheet. By Caitlin Carr.

If you can do that, you become the "gatekeeper" for all spreadsheet data going to your boss. You could pre-analyze the data in all those spreadsheets, and tack on comments that make the boss aware of your incomparable analytic capabilities. Nobody else (other than he, himself) gets all that data, so only you can come up with those insightful analyses. Tip #3: Automate the dashboard preparation Unless you are not doing any real work, you are probably thinking: "How am I supposed to do all the extra work to consolidate those spreadsheets into a dashboard"? If youre a programmer type, you can use little-known, built-in Excel capabilities such as the camera tool with VBA macros. Thats it. If you can successfully implement those 3 tips, youll be the person who controls the spreadsheet data your boss sees. Theres a catch, though: youd better be the first one to implement it. Because if one of your peers does this before you do, he becomes the indispensable person. Or, look for Excelential, a new kind of software that makes Excel dashboards easy to create. With software like Excelential, it will only take you minutes to create an Excel dashboard that brings charts and tables of data together from multiple spreadsheets. And once you have the dashboard set up, it will automatically update the dashboard for you every day.

Validate Your Input Values You can use Excels Data Validation function to reduce the likelihood of bad data. This feature allows you to specify the conditions a value needs to meet and reject any values that dont meet your conditions. If you know, for example, the minimum and maximum values of your data, simply instruct Excel to highlight values that fall outside of that range. To take it a step further, create a drop-down list of values in an adjacent workbook, then use those to populate your active one. Youll limit your potential for error by choosing from an already known list of values. No fat finger errors here. Automate the Whole Thing Were biased, but the easiest and best way to prevent errors in Excel is to automate your work. Todays automation software packages (and there are many) work within and between your spreadsheets and other sources of data, like websites, to import, manipulate, copy, paste, and format data however you wish. Some log critical process information, sorts, and transforms data just like you would - through the presentation layer of the application. Unlike you (no offense), good automation software works without errors. If youre a CPA or work for any other firm that uses spreadsheets on a regular basis, consider automation software as an alternative to those every day manual processes.

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A better way to simplify your formulas and guard against skipping cells is to use Range Names. Range Names group like cells together by some logic you decide. So rather than adding together the monthly sales in cells M5-M100, you can instead identify those cells by a name (say, MONTHSALES). Any data inserted between the first and last rows will be counted, your formulas will be easier to understand without all of those alphanumeric characters, and any errors will be much more obvious. Finally, use the "Trace Precedents" and "Show Dependents" functions in the Formulas tab for a visual representation of the values used to populate a sum, average, or other formula. This wont help you is the values themselves are bad, but itll help you visualize the flow of data into a destination cell and make any extraneous data obvious.

A better way to simplify your formulas and guard against skipping cells is to use Range Names. Range Names group like cells together by some logic you decide. So rather than adding together the monthly sales in cells M5-M100, you can instead identify those cells by a name (say, MONTHSALES). Any data inserted between the first and last rows will be counted, your formulas will be easier to understand without all of those alphanumeric characters, and any errors will be much more obvious. Finally, use the "Trace Precedents" and "Show Dependents" functions in the Formulas tab for a visual representation of the values used to populate a sum, average, or other formula. This wont help you is the values themselves are bad, but itll help you visualize the flow of data into a destination cell and make any extraneous data obvious.

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