Cristina Lourent. Spreadsheet Templates. October 24th , 2017.
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.
All of this and anything else you can think of as a potential cost should be included on the spreadsheet so youll have some idea of what youre going to spend before you have to spend it. As each month passes, simply update the spreadsheet to reflect actual costs.
However, in my experience, the use of proprietary accounting software can have some drawbacks for new and smaller businesses.
Accounting Software So, the obvious choice must be to use accounting software. Here, you only need to record your transactions once and all the corresponding entries are performed automatically. This enables you to maintain a check on your customers and suppliers, VAT is dealt with automatically and most systems will prepare a number of useful accounting reports.
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