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Credit Card Repayment Calculator Spreadsheet

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Published at Thursday, June 17th 2021, 05:42:02 AM. Calculator Spreadsheet. By Rene Paul.

From Excel to excellence for the month-end close reconciliation process. As a financial accounting professional, it is almost certain you will have been using Microsoft Excel spreadsheets during the month end close process. It is also extremely likely you will have experienced problems with them too! Over the last thirty-odd years, spreadsheets have become a mainstay in finance departments, used for all sorts of tasks, from reconciliation to reporting and everything in between. Despite their popularity with finance staff, they still pose a massive margin for error. The expected error rate when reconciling with spreadsheets is 0.8-1.8% and though this may seem small, for a company with a $1m turnover this represents a risk of $80,000-$180,000.

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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Because from that dashboard, he sees all the important information he needs. Oh sure, if he has to drill down into the details, he will see the spreadsheets others prepared. But most of the time, your creation is all he needs to see. Being gatekeeper of your boss spreadsheets will give you a huge advantage in the game of office politics. In these depressed times, getting more attention from your boss could add to job security. Heres what you can do to become that gatekeeper. Tip #1: Consolidate the key information from multiple spreadsheets into a dashboard Create an Excel dashboard containing the key charts and data from all the spreadsheets both you and your boss work with. Surprise him with an email containing the dashboard, to show him you are analyzing all the numbers and providing him with the critical information. And then offer to give him an updated dashboard every day.

Because from that dashboard, he sees all the important information he needs. Oh sure, if he has to drill down into the details, he will see the spreadsheets others prepared. But most of the time, your creation is all he needs to see. Being gatekeeper of your boss spreadsheets will give you a huge advantage in the game of office politics. In these depressed times, getting more attention from your boss could add to job security. Heres what you can do to become that gatekeeper. Tip #1: Consolidate the key information from multiple spreadsheets into a dashboard Create an Excel dashboard containing the key charts and data from all the spreadsheets both you and your boss work with. Surprise him with an email containing the dashboard, to show him you are analyzing all the numbers and providing him with the critical information. And then offer to give him an updated dashboard every day.

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