In this article, we will demonstrate how to use the VLOOKUP, INDEX, MATCH and SUMIF functions to perform data reconciliation in Excel. Download Practice Workbook What Is Reconciliation? The word reconciliation means the…
Step 1 – Create Formation of an Initial Balance Sheet Take into account every expense of the business and organize them. We have organized the data in Particulars, Credit/Debit, Debit and…
A ledger is a book or a digital system used to record and track financial transactions. It provides a comprehensive overview of a business's financial activities. It shows us the details of…
Method 1 - Decide Which Accounting Method You Will Use Businesses primarily employ two accounting techniques: Accrual Accounting and Cash Accounting. The Cash Accounting method requires you to record income and outlays…
Step 1 - Create a Database This is a sample database. Step 2 - Create an Invoice Template Select the following template: Leave cells for total orders with tax…
Step 1. Making a Customer List Table In the following dataset, List of Customers, there are column headers Customer Name, Street, City, and Province. Every customer has a detailed address, which…
Step 1 - Create Title for Cash Book Create a title for the cash book. In the following sample, we have used the Merge&Center command for cell B2 to H2 and made a title. Step 2 -…
The sample dataset showcases the transaction history of a shop. Template 1- Maintaining Expense Accounts for a Shop in Excel Sheet Steps: Create a chart as shown below. Enter account data. Use…
