Charline Fatoumata June 3, 2021 Spreadsheet
His entomological collection occupied any open areas large enough to accept skewered insects. And his Buddy Holly collection consisted of three scritchy albums the talented tunester recorded before dying at 22 when his plane crashed in Iowa. Lester wore black horn-rimmed classes identical to those of the late singer, and considered these a statement to the world that a ”cool” persona existed within his ”bean counter‘s” body. Too, Lester was a college graduate: Penn State, class of ‘78. He maintained a solid ”C” average over four years, and finally earned ”Certified Public Accountant” status on his fifth try. ”Reversing entries are hemorrhoids in the ass of accounting,” he remarked flatly during a first interview with his present employer, who dwelled briefly on his gradepoint average and numerous shots at CPA accreditation. ”They tricked me every time!” In spite of his lackluster academic record, the firm hired Lester and beginning Day One sacrificed him to Bourgeois and 20 other mediocre accounts.
Lester P. Goodbinder had suffered another agonizing week in Pittsburgh. The semi-annual audit he conducted at the Bourgeois Ball Bearing Factory stretched into five 14-hour days examining electronic spreadsheets on an archaic computer system installed in the early ‘80s. The equipment churned so abysmally he cleverly joked to himself it was powered by lazy hamsters on treadmills. Not only that, the accounting software loaded on the system was an early version of ”Abacus,” and only slightly faster than a key-punch adding machine but considerably slower than a hand-held calculator.
At times, Lester became so furious his face radiated heat and fogged his glasses. When this happened, he yanked them from his puffy eyes and wiped the lenses with his tie. On this late Friday afternoon, however, Lester felt exhilarated. The printer regurgitated its last run of printouts and as he scanned the rows of figures he penciled in tick marks to indicate matches with numbers found in the corporate ledgers. The task complete for another 180 days, he removed his glasses, rubbed his aching eyeballs, and inhaled deeply to savor the fluttery feeling of excitement flooding his upper chest. Then, Lester logged off the computer, tapped the surge protector power switch with his toe, and shut down the wheezing system.
If you wanted to make this spreadsheet into template, you would need to take two more steps. The first step would involve modifying the spreadsheet to display only the data that remains the same. If you are constantly changing certain cells, you would leave these cells formatted but blank. The last step involves saving this spreadsheet as a template. Once this is done, you would always have access to a clean spreadsheet that is formatted the way you want and ready for your modifications. Microsoft has hundreds of free templates available. You can also download templates that are already loaded in your version of Excel. They are typically located under the File/New or Office Button/New option. When downloading these business and personal templates, be sure to monitor the version of Office that the template applies to. They have templates available for all of the versions of the Office Suites.
It does have one severe limitation. Goal seek is not a formula. It does not permanently reside in the spreadsheet or the selected cells. Therefore you have to re-run Goal Seek each and every time you change the spreadsheet. Often this is acceptable because you have created a model specifically to calculate that one parameter. Having said that, there will be occasions where this is inadequate. What are the plans for your meeting or convention this year? Does it start with a budget or did you even do one last year? If you did one, did you do it the easy way with a Budget Spreadsheet for Meetings? Let us discuss your needs and see what forms and budgets can be facilitated the easy way. If approached correctly, you can cut your ”Hassle Factor” by more than half with the right event template.
When presenting your business plan to an angel investor you must understand that they will be very interested in your spreadsheets and proformas, but you must also realize that it is typically an entrepreneurial optimistic approach, which causes problems with proformas. Therefore, you should have dueling spreadsheets; that is to say the spreadsheets, which take your best guess and double the time, double the expenses to compete with your optimistic approach. You should be able to present both of these to your Angel Investor; who chances are is a retired business person with a little bit of financial savvy.
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