Maura Clémence May 1, 2021 Spreadsheet
Small businesses that might produce their own spreadsheet would often do this on an annual basis. Bookkeeping software is much more likely to provide these bookkeeping spreadsheet templates on a monthly basis to enable a degree of financial control to be exercised by the small business. That is the second real value of bookkeeping spreadsheets, the ability to provide the business with financial information and through that data financial control over the business activities. The first value is of course the simplicity of listing with automated summation of the figures.
In order to ensure that you are provided with high-quality spreadsheet solutions and that they are 100 percent compatible with the profile and size of your business, you need to possess performing, state-of-the-art spreadsheet programs. However, it is important to note that the entire process of designing and creating your own spreadsheet solutions by using spreadsheet-generating programs is time consuming and requires a good level of expertise. Without the help of a specialized team of experienced programmers and mathematicians, the process of obtaining efficient spreadsheet solutions can be very challenging.
At present, some of the most requested types of spreadsheet packages in the market are: ‘Spreadsheets for Small Businesses‘ and a subset of that: ‘Spreadsheets for Actors‘. ‘Spreadsheets for Small Businesses‘ are as varied as the number of businesses out there! These solutions can boost the overall efficiency of your company. They account for many of the needs and requirements of small and medium-sized businesses, tracking sales exec commissions, business expenses at tax time and planning budgets to name but a few.
By choosing ready-made spreadsheet solutions instead of using spreadsheet-generating programs, business owners can economize time and also reduce costs substantially. Ready-made spreadsheet solutions are available in a wide range of formats, serving for a variety of predefined purposes. They are the ideal tools for companies who lack the financial resources and / or the staff required for generating spreadsheet solutions with specific programs. At present, the most requested types of ready-made spreadsheet solutions are ”Spreadsheets for Small Business” and the subcategory ”Spreadsheets for Actors”.
You can also choose to reset the position of the window by clicking on the ”Reset Position Window” option. This is also found in the Compare Side by Side menu. What this does is that it will change the position of the document particularly the second one by means of placing it on top of the first one. Of course, the first document will not be hindered in the view of the user. You can undo this by clicking on the same icon. Take note however that there is a need for your mouse pointer to be pointing to the cell within the worksheet that you would like to place on top of the other.
Panko (2000) suggests that “Given data from recent field audits, most large spreadsheets probably contain significant errors.” The most recent audit he cites found errors in at least 86% of spreadsheets audited. In 1997 Panko reported that 90% of the spreadsheets audited in a study carried out by Coopers and Lybrand were found to have errors. In ‘Automatic Generation and Maintenance of Correct Spreadsheets?‘ Erwig et al (2006) cite a figure of 90% from Rajalingham et al (2001) ‘Classification of Spreadsheet Errors‘. ‘Given the billions of spreadsheets in use, this leaves the worlds of business and finance horribly vulnerable to programming mistakes‘ (Scanlan et al, 2006). The studies by Paine, and Panko show that the chances of any given spreadsheet cell containing an error are somewhere between 0.3 and 3%, so that a spreadsheet of only 100 cells has about a 30% chance of having one error or more. Aragones et al (2006) state – ‘Desktop spreadsheet users are very creative in their adaptations, but distributed spreadsheets have the problem of distributed, inconsistent inputs and distributed results.