Sabine N Konig. Spreadsheet Templates. February 03rd , 2018.
However, this method is no better than handwritten records, it is still prone to errors which may go unnoticed, and if no reconciliation procedures are carried out, then your data will be inaccurate and misleading.
The next in this series will be How To Create A Brilliant Spreadsheet- Solid Structuring- Article 3.
This may sound a little unfair. After all, a standard Microsoft installation would include something called Equation Editor. Suffice to say, it wasnt advertised in the promotional videos. Software like Matlab was considered vastly superior and had the added advantage that you could analyze the equations as well. Anyway, the good news is that Microsoft has taken a big step forwards with Office 2010 and its now possible to correctly display formulas in a pretty painless fashion.
In an earlier article Accounting Software - are accounting spreadsheets the answer for small businessesI examined the basic requirements for small business accounting. I concluded that provided good control mechanisms were in place, then a well-designed accounting spreadsheet could be the answer for many small businesses.
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