Spreadsheet Templates. Sunday , January 28th , 2018 - 20:34:23 PM
One of todays alternative to handwritten ledgers are, Accounting or Bookkeeping Spreadsheets. You can easily set up your bookkeeping spreadsheet to record and analyse your business transactions, you arrange your data in columns and rows, and, using the spreadsheet functionality, all of your totals will simultaneously calculated.
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.
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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