Spreadsheet Templates. Sunday , January 28th , 2018 - 20:39:51 PM
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.
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.
Thirdly, in my experience many business people find that even the most basic accounting system is too complicated, and, if they do not have good bookkeeping skills they will fail to use the system correctly.
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