Sabine N Konig. Spreadsheet Templates. January 31st , 2018.
Do not over format. Yes make it easy to read and follow, but do go to far, this will add bulk and can inhibit the performance of Excel. in particular conditional formatting can slow down Excel, as it continually recalculates.
Secondly, Small Business Accounting Software is usually designed with a one size fits all philosophy, and in an attempt to match the softwares functionality with your requirements, the developers compensate by having complicated set up routines. Great, if you understand what you are doing, but potentially disastrous if you get it wrong. So, it is essential that you obtain professional help to minimise these problems. This again increases your costs.
It is easy and inexpensive to use accounting spreadsheets but are they the correct choice for small businesses? We all know that there is a legal requirement to maintain accurate accounting records covering your business transactions. The tax man, the VAT man and a miscellany of compliance regulations means that accurate bookkeeping records are essential.
Is there a solution? There appears to be little choice for many small businesses (those with less than 100 transactions a month). The requirement is for an inexpensive, easy to use, easy to set up and easy to understand bookkeeping template system.
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