A Spreadsheet for Balance Sheets. Balance Sheets What are balance sheets for??

A Spreadsheet for Balance Sheets

Balance Sheets

• What are balance sheets for??

Balance Sheets

• As a review, balance sheets are used to show the financial position of a business, person, or organization.

• They are supposed to be formal.

• They need to be accurate and clearly read.

Spreadsheets

• Spreadsheets are software programs that are used by many types of people in many types of jobs.

• They calculate mathematical tasks. They organize and present data, very well.

• Microsoft Excel is the main program used by businesses around the world. There are other ones, but this dominates the market. They all have a similar look and format.

Spreadsheets

Cell (Active)

Formula Bar

Spreadsheets

• Numbers identify the horizontal rows.

• Letters identify the vertical columns.

• The first one, in the top left, is called “A1,” then “A2,” and so on.

Preparing a Personal Balance Sheet

• This program is the easiest way you are ever going to be able to maintain a lot of numbers.

• Four things that Excel does for us:

• Labels

• Values

• Formulas

• Functions