Spreadsheet Template. Thursday , April 12th , 2018 - 12:54:42 PM
Another way banks rig the game is that regardless of the order in which charges are made, banks will put the daily charges in order form largest to the smallest. The banks say they structure it this way because they assume big checks, like mortgages, should take priority and hit the account first to avoid being returned. What it also does is reduce risk for the bank while allowing for more fees to be charged to the customer. By covering a big check first with funds on hand, the bank can then charge overdraft charges on expenditures as small as one dollar while extending a minimum of credit.
We all produce our most value added work when we stick to what we are good at. However, nowadays, everyone is expected to be a part-time expert with software and data. I believe that this is not necessary. I think that every business should use fit-for-purpose bespoke software. Such software gives you the outputs and reports you need directly from the system at the click of a button. No more fiddling with data on spreadsheets. (Many spreadsheets have errors in them. These are not often spotted before they affect something else down the line.)
Excel is an incredible tool for the basics like tracking financials and forecasting business trends -- but if thats all youre using it for, youre losing out. With a little creativity and a little bit of looking under the hood, Excel can benefit your business in startling and wonderful ways.
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