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- Accountants use spreadsheets to123:
- Crunch numbers, outline financial results, and create budgets, forecasts, and plans used to make major business decisions1.
- Create a chart of accounts, post journal entries, manage the general ledger, and create the income statement2.
- Track payments, link related data, format data, and use spreadsheet functions3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Walk through the finance or accounting department of any major corporate office, and you will see computer screens filled with Excel spreadsheets crunching numbers, outlining financial results, and creating budgets, forecasts, and plans used to make major business decisions.www.investopedia.com/articles/personal-finance/03…Use cases of Excel for accounting (free templates)
- 1. Create a chart of accounts The chart of accounts lists every account, assigns it a number, and lists the account’s description. Income will appear first. ...
quickbooks.intuit.com/r/bookkeeping/excel-account…- 1. Easy payment tracking Another benefit of using spreadsheets is that you can link worksheets together. ...
- 2. Linking related data When working with lots of financial data, you’ll want to make it as easy to navigate as possible. ...
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