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Accounting Spreadsheet Templates

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Therese Manel May 1, 2021 Spreadsheet

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.

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From businesses to non-profit organizations, spreadsheets are used in different sectors, ranging from Entertainment to Culture to Education and to Health to name but a few. With the emergence of home-based businesses and an increase in the number of entrepreneurs in the marketplace, such software is now highly sought-after among home users as well.

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Once you are in the Compare Side by Side option, you can choose to activate another feature which is the Synchronous Scrolling. Just find the icon in the menu so that you can start scrolling the mouse pointer on the first document while doing the same thing on the other. If you do not want this feature to be enabled, you can click on the icon again and then the synchronous scrolling will be deactivated instantly.

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A consideration which influences my research into End-User Programming and Modelling is that organizations should not use proprietary or closed standards for their information. Systems should be designed with the assumption that information, which represents the primary system asset, may eventually need to be migrated to another software tool or environment. Open use of information was the priority for the DATUM project. This project is explained in ‘DATUM Project: Cost Estimating Environment for Support of Aerospace Design Decision Making‘ (Scanlan et al, 2006). Therefore a requirement of this research is that open standard semantic languages are used to represent information, to be used both as input and output of the models. These languages are based on eXtensible Markup Language (XML). These same open standard languages can be used for developing the program code of models.

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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”.

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Preparing such a bookkeeping spreadsheet might and often does suffice the needs of the smallest business enterprise and is a close step towards achieving a valuable tool for this purpose, bookkeeping software. Bookkeeping software can be as simple as a home produced spreadsheet but with additional facets that can have significant financial benefits to the business. Bookkeeping software produced on spreadsheets would normally be a series of spreadsheets with the columns preset and titled and formulae written into the sheet to automatically add up each column. In addition the columns used would normally be restricted to general headings to include a full analysis of all items.

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