Excel is a great tool and over 80% of companies are using Excel as their budgeting solution. However, in our 20+ years of experience working with financial systems, we’ve seen some challenges in using Excel. So we’ve compiled our Top 5 and what you can to do about them. 1) Budget…
Read MoreWe’re getting back to basics with Excel- the tool we all love and hate. 1) Select the list that you want to summarize. 2) Under the Insert tab, select PivotTable. 3) Make sure the correct table is selected, then choose a destination for your new list. 4) Select OK. 5)…
Read MoreWe’re getting back to basics with Excel- the tool we all love and hate. 1) Locate the data that you want to isolate in your Excel string. 2) On another column insert the Excel text function =mid(Cell #, Start #, Length of Sequence) Cell #: Refers to the cell of the data you are dealing…
Read MoreHow do I Split Columns? We’re getting back to basics with Excel- the tool we all love and hate. 1) Identify the item that separates the columns (for instance, # in the example below) and highlight the range of cells you would like to split in your spreadsheet. 2)…
Read MoreWe’re getting back to basics with Excel- the tool we all love and hate. If you hate Excel sheet formulas, not to worry with this tip, since this one doesn’t use any. 1) Copy the data in the row that you want to total. 2) Paste the data below using…
Read MoreWe’re getting back to basics with Excel- the tool we all love and hate. 1) Under the Formula tab, select Define Name. 2) Change the Name and Reference of your constant. 3) Select OK, and now you should be able to use your constant name in formulas. 4) If you…
Read MoreIt is essential in the budgeting process to capture accurate data, so that you can plan accordingly for the rest of the year. The better you are at capturing data, the better your end results will be. This post provides some insight to help you create data input templates that help…
Read MoreWhen creating your Excel budgeting templates, it is important to keep them as simple as you can in order to ensure people are not overwhelmed with templates that are unnecessarily complicated. Try to build templates that keep the following in mind: 1. Reduce the amount of data presented to…
Read MoreHow do you quickly insert a Symbol? We’re getting back to basics with Excel- the tool we all love and hate. Have you ever had to add a symbol into a cell in Excel? Sometimes it can be difficult to copy and paste, but luckily, you can quickly add in your…
Read MoreA successful budget must bring together three major pillars – people, data and process. Gaps in any of these areas will decrease the accuracy of the final budget numbers. The People This element is pretty self-explanatory – you cannot create a budget without the people! You should always consider the…
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