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Spreadsheet Templates. Monday , April 02nd , 2018 - 01:55:37 AM

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.

Back during the infancy of this software, most people would use it for just two reasons to store data (especially customer database) and as a glorified calculator. Perhaps because those are a spreadsheets intended or more practical uses or that people are not really that trained to use its features to the fullest. You would even be surprised that up to now there are office employees who, when they are prompted to make some calculations, they would open their spreadsheet software and do the calculations there.

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.

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