Spreadsheet Templates. Saturday , March 31st , 2018 - 14:04:37 PM
It is easy and inexpensive to use accounting spreadsheets but are they the correct choice for small businesses? We all know that there is a legal requirement to maintain accurate accounting records covering your business transactions. The tax man, the VAT man and a miscellany of compliance regulations means that accurate bookkeeping records are essential.
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.
Firstly there is the issue of cost. Accounting software is relatively expensive and an annual maintenance contract is often required, which can add significantly to the cost.
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