Ivonne Norah. Spreadsheet. August 14th , 2021.
There are two information-related walls that a young company hits while trying to grow. The first wall is what I call ”spreadsheet suffocation.” It is that stage of information sharing pain that causes people to start cussing. Where did you save the Johnson calculations? Who has the orders spreadsheet locked? Where did my new inventory list go? Did someone write over it? There was 2 days work in that spreadsheet!
Wise financial management is an essential task to do in order to know exactly how to spend money appropriately. Budgeting can be tough for some people while there are those that can do it easily. For the singles, spending money may not always be a problem. But for those who are married and have kids, it may mean spending every dollar requires critical thinking. Whether you are single or married, budgeting is always an advantageous action. It basically makes you reach that status that you are financially equipped for the future. It is absolutely fantastic to think that you have money to draw from your savings account when the need arises particularly if it is very important. You will be able to enjoy your life while not neglecting to keep track your finances.
Such a budget spreadsheet may be prepared on either a daily, weekly or monthly basis - dependent on your business’ needs. A personal budget spreadsheet defines an intended purpose or goal for a set period and is adhered to as a benchmark for actual income and expenditure figures. Such a budget should be included in a business plan as a comprehensive example of expected future earnings and expenses. This expresses the viability and sustainability of the project and allows potential investors to ascertain whether or not it would be a valid investment to make.
The second wall that hinders a small company’s growth is similar but another rung up the ladder. The system that supported five people is starting to break down under the strain of 30 people. A new type of thinking must be applied to streamline the company’s operations and automate them - again. This time, the system will be larger, will take longer to design (or purchase), and cause more of a disruption in company operations when it is implemented. What happens internally when a system no longer meets the needs of the busy employees? They start creating workarounds to get their job done. And often their solutions involve spreadsheets. And so, the spreadsheet culture is reborn and the cycle begins again.
Is your job dealing with more and more paper work all the time? If you are an office clerk or reports assistant or even if you are a manager you will have to send reports on a monthly basis and more often they will have to do with comparing old and new files as well as updating them. To compare spreadsheet reports, you will have to understand the values being given and consolidate it with any changes made for a certain period of time. If you will be dealing with several files here to compare, you may find this a very daunting task. However, knowing that there is a tool you can use to make this task easier for you is a great relief.
There is a wide assortment of different categories that are already pre-made into the design of these sheets, which makes it even easier to ensure that nothing is inadvertently left out and overlooked. In a majority of cases, the only information that you will be required to enter into the wedding budget spreadsheet is the amount of money you expect to use for the ceremony and reception celebration. The rest of the work is done for you and displayed in specific percentages that are suggested values that you should use for each individual category. It is extremely helpful when brides-to-be no longer have to figure up what percentage of money should be applied to things like photography, the flowers, invitations, the cake, dresses, tuxedos, the reception and various other necessities.
You may notice that you do not utilize Excel very often in your current job. This is usually due to the lack of a fundamental understanding about the program at the office level. When you gain better skills, you may even be able to help your entire department become more productive, not just yourself. You will be able to introduce others to key functions of the program that most people didn’t even know existed. And if you want to go to the next level, you can earn your MCAS - Microsoft Certified Application Specialist - in Excel 2007, which will show your employer that your skills have been validated by Microsoft.
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