About Budgets in Excel

One of the best ways to keep track of your finances is to do your budgets in the Excel program. Microsoft’s Excel spreadsheets are ideal for listing a number of variables in nicely organized rows and columns, which will help you find the information you need at a glance. Budgets in Excel assignment help you see where your money is coming from and where it is going to.

Benefits

One of the main benefits of doing your budget in Microsoft Excel is that the program is very organized. You can separate your income and expenses into distinct columns and rows. You can even color-code your entries. For instance, you can make all of your expenses shaded with red and your income entries shaded with green for quick reference. You can also add formulas into any column, row or single cell. With a formula, the Excel software will do the calculations for you, saving you the time needed to enter the figures on a calculator. You can also go back and change figures in some rows and the formulated row will automatically reflect those changes. One of the best benefits of doing your budget in Excel is that you can keep track different accounts one separate sheets.

History

Microsoft first began offering a version of Excel in 1982, called Multiplan. It was not very popular, though. As a result, the first modern-day Excel program was released in 1985 for the Mac. In November 1987, the first Windows version of Excel was released. By 1988, Microsoft Excel was outselling its competitors. Microsoft began releasing new versions every couple years to keep users happy. New versions fixed previous bugs and typically came with new and useful features.

Size

The size of your budgets in Microsoft Excel is only limited by what you need. You can create thousands of rows and columns to you record any figures you may have, such as household or home-based expenses and debits. Alternatively, if you need smaller budgets, such as children’s allowances or keeping track of transportation costs, you can create just a few rows and columns.

Warnings

When keeping track of your budgets in Excel, it’s important to keep up with your income and expenses. If you let it go for too long without entering your income and expenses, you could lose track. After a couple weeks, your account could be off balance, and it could take hours to figure out where you made the mistake. You may even bounce some checks in the meantime! Also, when keeping track of all your financial records, make sure you back everything up. A virus or accidental deletion could leave you clueless about your budget.

Tips

Changing one cell in your spreadsheet will cause any depending cells to change as well. For instance, if you made a mistake when recording an expense, you can go back and change that one entry and the cells that use that entry for a calculation will change correspondingly. Also, you can keep track of all your accounts in one file, as Excel allows for several spreadsheets to be open in one file.

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