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Published at Friday, May 28th 2021, 15:04:47 PM by Jolene Sparks. Expenses Spreadsheet. 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 Friday, May 28th 2021, 07:42:27 AM by Sabrina Walters. Expenses Spreadsheet. Its tough to get recognition in the office. If your boss depends on Excel spreadsheets as primary sources of management information, here are some tips to consider. You may be receiving some of the spreadsheets your boss gets. You may even be in charge of preparing a few of those spreadsheets that your boss depends on for management information. If both you and he are getting information from spreadsheets submitted by other departments or staff, then he depends on them for that information. But what if you were in charge of consolidating the information from all those spreadsheets? What if you assembled all that information into an Excel dashboard that you send to your boss every day? Why, then your boss would read YOUR work first and foremost. He would rely on your dashboard as THE most important spreadsheet he receives.
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