Discover how to solve financial problems with a simple spreadsheet

That spreadsheet financial is a widespread tool from business people. Its simplicity and effectiveness allow both a freelancer and a large entrepreneur to organize financial life and business operations.

Different spreadsheet benefits

That professional management systems They are a solution for companies that deal with large amounts of data, have many customers and operate in different markets. In most cases, however, the spreadsheet is a very convenient solution. Compared to complex applications, the main advantages are:

Total control: Management systems usually work with closed and protected recipes. The employer only loads the data. With spreadsheets it’s different: you have full control over the formulas, means of loading the data and working.
Zero cost: Difficult to find a better price than the forms: they are free and perfectly customizable. There are no costs to implement and use them and you don’t need servers, consulting or training.
Easy integration: Each management system has been programmed in a specific language and most do not deal with external communication or with other programs. By accepting any type of file, the spreadsheets can work practically all system types.
Universal language: Developed by Microsoft more than 30 years ago, the Excel has established itself as a tool for business use on the market. It works in a simple way but also supports complex formulas. That’s one of the reasons for its success: Hardly anyone who works with data will not know how to use a digital spreadsheet. In addition, the formulas can be used in electronic spreadsheets such as those provided by Google.

How to use the form for the benefit of your business

There are several ways to use spreadsheets to improve workflow, control results, and improve business dynamics. The main applications include:

Organize data: It’s the easiest way to use a spreadsheet, organize data from different sources to compare them, or just collect them in one place for easy processing.
Mount graphic: Charts are fundamental tools to show the success or failure of a project. Very common in presentations, you can create them from well-constructed spreadsheets.
Identify trends: By creating charts and comparing various attributes, it is possible to see the direction of the business, identify the seasonal drop in demand, a drop in productivity, etc.
Schedule meetings: The organized results obtained with the spreadsheet allow you to schedule company meetings and draw attention to what’s really interesting based on what the numbers show.
Make decisions: Making decisions based on spreadsheets is a routine in the life of entrepreneurs. The forms serve as an aid when it comes to business orientation, a new contract or performance in the last financial year.
cash flow: The creation of cash flow – values received and payment obligations – is one of the most basic and efficient functions Forms for small business owners. It’s easy, free, and helps with financial management.

The most common mistakes

The main risk in adopting the spreadsheet as a basic organizational tool is the susceptibility to errorsas the data is constantly updated and there are multiple employees using these forms.

In general, only a few people in the company are able to create complex models related formulas. Therefore, it is more difficult to understand when the results are above expectations. Among the most common mistakes we can mention: