Dennise Elena April 19, 2021 Spreadsheet
Processing the financial documents related to a business enterprise basically means they need to be listed. For taxation and financial control purposes the invoices also need to be added up and analyzed. The most basic method would be to simply make a list of the sales income and a second list of the purchase expenses. Using a manual method of listing the information falls short of the analysis required and is more time consuming that using a little technology to both ensure the summation is accurate and the analysis simplified. Listing the sales and expenses of a small business on spreadsheets is no more difficult then a manual paper system and has tremendous advantages in automating and ensuring accuracy.
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.
A popular category of ready-made spreadsheets mentioned earlier, is ‘Spreadsheets for Actors‘. ‘Spreadsheets for Actors‘ includes sets of programmed spreadsheets that are especially designed for professionals in the entertainment industry, from Actors to Producers. The spreadsheets under ‘Spreadsheets for Actors‘ range from facilitating the managing of budgets to keeping track of income emerging from many sources.
Businesses generally make extensive use of spreadsheets both in accounting and all other business fields. Being a numerically based system of analyzing information spreadsheets are used throughout every accounting function as the technique presents an ideal basis to maintain accuracy and automate the collection of financial information. Every small business needs to keep records of sales invoices and income received and purchase invoices in respect of expenses. It is not sufficient for accounting and taxation purposes for these receipts and payments to be left in the office or the back of a van in a carrier bag. At some stage these prime bookkeeping documents need to be processed.
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.
On the other hand, to hire and permanently maintain a team in charge of creating the right spreadsheet solutions for your business would be very costly. Added with the costs of regular spreadsheet-generating program purchases, the costs involved by forming and keeping a well-trained team of spreadsheet designers in your company can generate considerable financial losses to the business you are running, especially when you are the owner of a struggling micro-business. To eliminate the problems behind spreadsheet designing, the best option is to purchase high-quality ready-made spreadsheet solutions from a specialized, reliable provider.