How to Create Effective Bookkeeping Spreadsheet
Microsoft Excel has a versatile yet highly functional file that can be used in day-to-day business tasks, but it is also useful for creating effective bookkeeping spreadsheet. It is just one of the many types of spreadsheets that can be used in bookkeeping and accounting work.
Some other essential functions to consider in an effective ledger bookkeeping spreadsheet are price and time periods, transaction receipts, balance sheet, payment records, bills, margins, lines, etc. There are various types of software programs that can be used to create these files, but here are some examples:
The Microsoft Excel Spreadsheet comes in free versions and a paid version. The free version allows you to create up to five columns and 100 lines of data with a certain number of columns and rows. You can also change the formatting and add text and graphics to it easily.
The paid version provides more features and allows you to create up to five columns and 100 lines of data. You can use the Word document as well as HTML format to create your spreadsheets. It also comes with detailed step-by-step instructions for creating the spreadsheet.
In Microsoft Excel, there are three main kinds of functions to look out for in the spreadsheets: Interchange Formatting (IFS), Business Statistics (BS) and Auditing Functions (AF). Ifs are the features that allow you to insert the data into the text boxes. BS are the functions that provide statistics about your business. The last one is the Accounting Function (AF), which enables you to create clear financial information and statements.
The MS Excel has a number of built-in functions like the basic commands, Date Range, Column Formatting, Format Cells, Keywords, Keyboard Shortcuts, etc. These built-in functions are very powerful and they are mostly used by experienced Excel users to create simple spreadsheets.
The built-in functions available in Microsoft Excel are good but they tend to be overwhelming and also the many of them tend to become obsolete or become unreliable with time. For example, Format Cells is a built-in function that helps you to format cells automatically. It is very useful when there are some cells in your spreadsheet that are formatted with different formatting options and you need to know if you have to choose one option or two and whether it is a default format.
Another built-in function in MS Excel is the AutoComplete function. This function makes it possible for you to enter words, phrases and other items to be entered into your spreadsheets automatically without thinking about it.
Another useful built-in function in MS Excel is the Define Cells function. This function allows you to define cells of the spreadsheet that are not visible to the user.
The Microsoft Excel is available as freeware or is available for purchase in many online stores. The free version of Microsoft Excel is easy to use and the built-in functions are not complicated.
One good feature of the MS Excel is that you can set up a bookkeeping spreadsheet to allow you to track your business transactions. You can track your cash flow, sales, and sales conversions, expenses, inventory, etc. LOOK ALSO : manual bookkeeping template