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Published at Monday, June 14th 2021, 18:41:55 PM. Calculator Spreadsheet By Nellie Graham. 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.
Published at Monday, June 14th 2021, 17:49:48 PM. Calculator Spreadsheet By Darla White. Lets get this out of the way: Your spreadsheets are full of errors. In an analysis of multiple studies dating back to 2008, Marketwatch reported last year that almost 90% of Microsoft Excel Spreadsheets contain errors. Even when created with the utmost care, the number and complexity of the formulas contained in our spreadsheets create significant opportunities for bad data. With about 1 Billion users of Microsoft Office users in the world, the absolute number of errors that potentially exist range in the hundreds of millions. We have some thoughts on how to prevent errors in Excel spreadsheets. Here are three of them: Most Errors are Caused by Bad Calculations: Check Your Formulas Methods of testing your formulas range from the simple to the absurdly complex. Lets ignore the stuff on the right side of the spectrum, and stick to what we can do right now. Did you know that highlighting a cell that contains a formula and pressing "Ctrl + [" will reveal the cells that feed into the total? Its a simple yet effective way to understand your data sources and identify what you missed, and what might have been double-counted. Simple stuff.
Published at Monday, June 14th 2021, 17:07:17 PM. Calculator Spreadsheet By Rene Paul. Avoid lots of Volatile Functions. A volatile function is one that re-calculates every time a work sheet changes. These include NOW(), TODAY(), OFFSET functions. If you use multiple or large amounts of these in a work book it will eventually start to slow it down. 5. Avoid Unnecessary Complex Formulas. One thing I have learned by developing spread sheets solutions for users is they (eventually) want to see all of the workings out of a formula. For example a typical sales formula of =(Price*SalesQuantity)-(Price*SalesQuantity)*Discount+(Price*SalesQuantity)*Tax Users will want to know the Sales Value Totals, the Discounted Totals and the Sales Tax Value displayed is separate columns. This is where we can break down the formula components into smaller formulas in their own columns or what we call helper columns. If you can increase transparency of calculations it will make the logic of the spreadsheet easier for users to follow resulting in less queries.
Published at Monday, June 14th 2021, 16:10:38 PM. Calculator Spreadsheet By Letha Mcbride. If you seek to speed up copying a cell across a row or down a column you need to select the desired cell which needs to be copied. After that you move the mouse cursor till the time it relocates itself above the bottom right corner of the cell. Now youll see that the cursor changes into a + sign. Then you need to hold down the left mouse button and drag it across either the row or column till the time all the cells you want to paste into are already selected. Youll see that if you release the button now your first cell will now be copied to all the selected cells. Instant Charts in Excel Spreadsheets OK this very sweet. If you want to make a chart from a given table in Excel simply select the required cells in the table of numbers and hit F11. Presto we now have a chart!
Published at Monday, June 14th 2021, 15:19:47 PM. Calculator Spreadsheet By Kathie Horne. Keep to universal colours if you can, I find that black, white and grey colours work best, they look neat and professional but give the spreadsheet added value. 4. Adhere to default formatting of cells, that is text is aligned to the left and numbers to the right- this is what Excel expects. This can greatly speed up troubleshooting if you having issued with a formulas or referencing cells, as at a glance you can tell if the cells should be formatted and text or numeric. 5. Format cells as text only if you really have to, as all of the data you enter into a text formatted cell becomes text, even if you meant it to be numeric, this is one thing you do not want- any formula cells to be formatted as text.
Published at Monday, June 14th 2021, 14:27:52 PM. Calculator Spreadsheet By Lorena Watson. 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.
Published at Monday, June 14th 2021, 13:30:35 PM. Calculator Spreadsheet By Autumn Clark. Keyboard Shortcuts When it comes to Excel keyboard shortcuts are something which when learned once goes a long way to save your precious time while working on Excel spreadsheets. Say for example, 1) When you want to select all cells all you need to do is press Ctrl + A. 2) In case you wish to go to cell A1 then you need to hit Ctrl + Home. 3) Similarly, when you want to go to the last cell in the range we press Ctrl + End. 4) When you wish to select from active cell to last cell in the range hit Ctrl+ Shift+ End. 5) Conversely in case you want to Select from active cell to A1 just press Ctrl+Shift+Home 6) When you want to go to next worksheet simply press Ctrl + Page Down. 7) Similarly, when you want to go to previous worksheet hit Ctrl + Page Up. Speed copying in Excel