Working with Excel as an accounting system has many advantages. Excel is an excellent ally in large and small companies since it is very easy to keep track of the company’s numbers and modify anything manually. That is why they will see the main advantages of using Excel as an accounting program in your company’s day-to-day.
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- Thousands of formulas available
Excel formulas and functions are a great help when calculating in Excel spreadsheets. You can easily and quickly do arithmetic operations on hundreds of thousands of data through all the formulas you have in Excel. By being able to insert cell references into the formulas, and not just static values, the operations are recalculated every time you modify data or introduce a new variable without having to edit the formulas.
The most useful Excel formulas are Sumifs Function in Excel FindV; SearchH; match; BDExtract; SumProduct. If you do not know these formulas, feel free to consult your articles where to explain how they work with practical examples.
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- Easily convert tables into graphs
Another of Excel’s features that offers us advantages for accounting is the option to transform any data table into a graph that will show us a much more visual analysis. Charts in Excel are one of the most powerful tools that Microsoft offers us for reporting, data analysis, etc. If you need to learn how to transform your tables into graphs or sparklines in Excel, feel free to request information from Excel Course.
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- The conditional format
As with the other programs in the Office package, Excel allows us to highlight the data with bold, italics, colors, etc. This allows us to highlight the data most interesting to your company’s accounting. In addition, you can also apply conditional formatting, which is to format the cells based on custom conditions. The conditional format makes it much easier for us to analyze your data at a glance, highlighting unusual, negative values, etc.
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- It’s an extensive database
Another advantage of using Excel for accounting is its function as a database. You can separate the data by tables and columns from the database you developed in Excel. Once the database is created in Excel, it can be connected to other programs. Paste Special in Excel make a copy of your sheet, and list without errors.
When you master the possibilities of Excel, doing your work is much easier and faster.
Excel is an excellent ally in any company since it allows us to analyze your data easily. However, it can also be used in a very advanced way to work fast. If you want to know and master all the potential that Excel offers you to be more efficient in your work, find out about your Excel practical course. Use Excel Index Function to make an index list at the top of your sheet.
Their consultants specialize in Microsoft tools. they accompany you at every step of your training to ensure you get the most out of your data.