Sabine N Konig. Spreadsheet Templates. January 31st , 2018.
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.
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.
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.
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.
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