Friday, 14 October 2016

How Microsoft Excel Help can Make you a Better Accountant


Microsoft Excel is an important tool to accountants and other finance professionals.  It is quite helpful when it comes to preparing financial statements (balance sheet, income statement, and cash flow statement), ledgers or journals.  If you are a fresh graduate from college or you are not a trained accountant with the right Excel help you can master this office application and tremendously improve your accounting skills.

Microsoft office excel is made with a lot of features and functions to help accounting professionals improve their performance of various accounting functions that relates to financial accounting and reporting.  This needs a good grasp of the Microsoft Excel and how to effectively use it. This can be quite a challenge but with the Microsoft excel help button on your computer, you can get all the important answers to all the question you need to know about this office application.

As an accounting professional, you will need to prepare a number of schedules such as the schedule of accruals, amortization schedules, schedules of unearned income and schedule of prepaid expenses. All these require expert knowledge of the Excel. If you are just starting out with Microsoft Excel then you will find this quite a tedious task especially if you can't expertly navigate the Microsoft Excel. However, with excel help you don't need to worry so much about being unable to find your way around the Microsoft Excel. The Excel help will enable you to prepare various kinds of schedules by helping you find and use various functions, shortcuts, and formulas.  As an accountant, you may also be required to prepare various forms of financial statements and ledgers for various uses. For you to perform these tasks in an effective manner you will need  to use the Excel help as it will not only help you work faster but will also give you more exposure to accounting shortcuts in Excel.

Many a time accountants are required to prepare some special reports often on ad hoc basis. If you are an expert at Excel then you will have no problems with this. However, if you are a beginner you will need excel help to get things done.  With the excel help button, you can learn to do a lot of things and greatly improve your accounting skills. However, quite a number of complex operations will require that you get excel help online.  Some of the excel skills that you can get online excel help for include:
  • Navigating Journal Entries worksheets
  • Income Statement (both Summary and Detailed)
  • Account Reconciliation
  • Audit Schedules and reports
  • Developing Bank Reconciliations
  • Financial Analysis
  • Schedules for Prepayments
  • Cash Flow Statement
  •  Accruals schedule
  • Sorting data
  •  Aging Reports
  • Accounts Payable
  • Accounts Receivable
  • Payrolls creation
  • Balance Sheet (Both Summary and Detailed)
  • Annual Reports
  • Asset Management reports
It is important to note that financial reporting demands the highest levels of accuracy in terms of analysis and the report preparation. This means that you have to be careful as you prepare various financial statements. However, you need to be quick enough to meet the deadline and deal with jobs as they occur. With Excel help you can minimize the errors in your work by looking up functions that you are not comfortable with. You also get to improve your speed and thus improving your overall productivity.  Over time you will gain experience and you won't need to use Excel help quite often. But as you start out in the field of accounting you need to make the Excel help your friend as it will help make your work much easier.

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