Sabine N Konig. Spreadsheet Templates. November 04th , 2017.
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.
Formatting a spreadsheet is something that can be a personal choice in particular colour schemes, or how busy the spreadsheet is, but one should always keep in mind the user, and how easy it is for a new user to follow your spreadsheet. In summary keep it neat, simple and adhere to predefined formats to eliminate any slow down or errors in formulas due to incorrect cell formatting.
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.
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