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Monthly Living Expenses Spreadsheet

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Published at Monday, May 31st 2021, 19:37:05 PM. Expenses Spreadsheet. By Isabel Cotton.

If you share Excel spreadsheets with other people, you may want the option to leave comments to explain why you have done something, or to ask questions of the other users in regard to the data. Rather than picking up the phone, or sending a lengthy email you can put comments onto the spreadsheet. Comments are a lot like sticky notes that can be viewed, or removed. You may know the basics of adding comments, but I have included a few lesser known tricks. These skills can be used in any version of Excel although the 2013 and 2007 version steps may be a little different from the ones I am describing for Excel 2010. The Basics The basic commands for comments can be found using your Right-click menu or the Comments group on the Review ribbon. When you choose New Comment, a box will appear that includes the user name of your computer (you can change this in the General tab of the Excel Options) and a cursor that indicates it is waiting for you to start typing. When you navigate away from the cell the comment box will disappear and be replaced by a red triangle in the top right corner. Any time you hover over a cell with a red triangle, the comment will be displayed.

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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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.

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.

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