Developing Practical Excel Budget Spreadsheets
Duration: 120 Minutes
In this presentation, Excel expert David Ringstrom, CPA, demonstrates how to create effective and resilient budget spreadsheets as well as how to future-proof them once they're built. David shares several design techniques, including separating inputs from calculations, building out separate calculations spreadsheets, and developing both operating and cash flow budgets. Cash flow budgets are beneficial in that they calculate when to borrow against a line of credit, when to pay down the line of credit, and when cash is available to pay dividends.
Objectives of the Presentation
Why Should you Attend
- Define how to isolate all user entries to an inputs worksheet while protecting all calculations and budget schedules on additional worksheets
- Apply range names and the Table feature to create resilient and easy-to-maintain spreadsheets
- Identify how to calculate borrowings from, and repayments toward, a working capital line of credit
- Understand how to filter data using the Table feature
- Learn how to apply a variety of Excel's worksheet functions
- Discover how to save time while working in Excel
To learn how to build budget spreadsheets that can be updated easily, that contain easy-to-follow supporting calculations, and that are future-proofed to ensure their integrity.
David teaches from the version of Excel in use by the majority of attendees, but he explains any differences in Excel 2007, 2010, 2013, and 2016. His webcasts are fast-paced, and attendees often are surprised at the amount of ground he covers in a session. He welcomes participants' questions, so come ready to pick his brain. David's detailed handouts serve as reference tools you can fall back on after participating in one of his webcasts. He also provides an Excel workbook that includes a majority of the examples he uses during each session.
Who can Benefit
- Improving the integrity of spreadsheets with Excel's VLOOKUP function
- Learning a simple design technique that greatly improves the integrity of Excel's SUM function
- Learning how range names can minimize errors, save time in Excel, serve as navigation aids, and store information in hidden locations
- Learning how the Table feature allows you to transform filtering tasks
- Preserving key formulas using the Hide and Protect features
- Going beyond simple rounding with the ROUNDUP and ROUNDDOWN worksheet functions
- Avoiding the complexity of nested IF statements with Excel's CHOOSE function
- Comparing and contrasting IFNA, IFERROR, and ISERROR functions and learning which versions of Excel support these worksheet functions
- Using the SUMIF function to summarize data based on a single criterion
- Accountants and CPAs
- Financial consultants
- Accounting Personnel
- Human Resources Personnel
Excel spreadsheets are invaluable for preparing budgets. They allow information to be inserted, laid out, formatted, and arranged quickly and easily. Using Excel spreadsheets makes it easy to compute budgetary estimates, such as calculating income and expenditures. They also enable future users to follow how budgets were initially calculated.