Nadine Nour August 22, 2020 Spreadsheet
Employee spreadsheets are a very important resource tool in the hand of a manager, but the skill and dexterity with which he/she uses it is up to them. These spreadsheets are like the blood system in our body. They carry information in and out of the organization. So consciously designing them is the best alternative for operations and for business in general.
I get a great feeling every time I achieve a goal, whether I made it a week ago, or 5 years ago. There comes a certain satisfaction when you reach a successful point in your life. Making goals is critical for a fulfilling life. When it comes to finance, if you want to successfully plan your money, you need to make goals.
Is your job dealing with more and more paper work all the time? If you are an office clerk or reports assistant or even if you are a manager you will have to send reports on a monthly basis and more often they will have to do with comparing old and new files as well as updating them. To compare spreadsheet reports, you will have to understand the values being given and consolidate it with any changes made for a certain period of time. If you will be dealing with several files here to compare, you may find this a very daunting task. However, knowing that there is a tool you can use to make this task easier for you is a great relief.
Examples of third party evidence would be sales invoices, purchases invoices and bank statements. Financial transactions where no receipt exists can still be entered in the business books although all transactions not carrying third party evidence could subsequently be disallowed for tax purposes and certainly would be if the amounts entered indicated unusual income or expenditure.
There is nothing to worry about when downloading, as most of the released software types on the internet are free of charge. These budget spreadsheet software types have everything that an individual or a family needs to take hold of their finances. For example, there is the Home Budget Worksheet, which is targeted to cater to a normal household‘s financing assessment needs. It has the facility to hold pieces of information like your debts, mortgages, and many more financial obligations. Most spreadsheets also have a support system for future plans. For example, aside from allotting your money for present expenses, they also guide you if ever you wish to purchase a car or a new home in the near future.
Also, how long is your investment horizon? Is it really that important to you to project out to 30 years or is 3‐5 years sufficient along with a terminal value that represents the expected NPV beyond 5 years? Usually this latter approach works best and looks the most credible to potential investors. There are numerous ways to calculate terminal value including multiples, current market values projected forward, and round guesstimates. Obviously these decisions are affected by your personal preference and the type of investment for which you‘re calculating present value.