By . Expenses Spreadsheet. At Monday, May 31st 2021, 02:53:28 AM.
Will the finance department ever rid themselves of Excel spreadsheets completely? It seems unlikely that Excel spreadsheets will disappear from the finance department completely; admittedly, they are still a really useful tool for auditing, even for very large businesses (of 1,000+ headcounts) and they will probably remain the go-to program of choice for creating graphs and charts. However, businesses that are managing to grow and are serious about both productivity and regulatory compliance will likely move their reconciliation and monthly close process to specialist programs, as opposed to makeshift spreadsheets. Especially as the need for advanced reporting and intuitive financial analysis expands beyond the capabilities of Excel.
The first thing I do when I estimate a painting job is to get a feel for the customers motivation for their paint job. Are they looking to sell? Are they fixing the home up for a special event, like wedding or birthday? Or is it just overdue and really needs a paint job? The next thing I do after I have digested their reason for painting their home, is to look at the job and IMAGINE doing the job. Go through the job in your mind. Making notes about the job, things that may affect the time spent working. It could be anything like we cant use a ladder to paint the family room ceiling because the room is too large and we have to cut in the lights, or there is a lot of spackling to do like cracks and nail pops. Try to get a "feel for the job". Will it take longer than usual, or will it go faster than normal? Is the area cluttered? Will you be able to move fast or slow? Is there going to be a lot of traffic? Are there kids or pets? I do all this before I measure.
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.