Top 10 Accounting KPIs and How to Calculate them in Excel?
We can calculate any Finance & Accounting KPI values using Excel easily. In this article, I am sharing the top 10 accounting KPI calculations. These are… Topics ? Net Profit Margin Net Profit Margin = Net Profit / Sales Positive profit margin indicates business is profitable while negative indicates the business is in loss. ? […]
5 tips: Power Query for Accountants (and finance people) – Free Masterclass
Do you work with accounting or finance data? You are going to love, no scratch that, adore Power Query. It can save you precious time, make you look like a hero in-front of clients and keep you sane.
In this masterclass, learn all about Power Query for accountants (and other kinds of finance people) & 5 tips.
Why Power Query?
Power Query is a data processing software. Using Power Query, you can create process driven programs (queries) to collect data, clean or reshape it, calculate things and publish final output as a table. Once you create a query in PQ, when the underlying data changes, you just refresh the query and brand new data will be fetched, cleaned and published for you.
For example, you can use Power Query to combine ledger files from various accounts to one master file with Power Query. No more VBA or manual copy pasting. Just one query and you are done.
Matching transactions using pivot tables [video]
Last week, we learned how to use formulas to reconcile (match) transactions in Excel. Today, lets take a look at even faster and simpler way to do this:
Using Pivot Tables
Here is a short video explaining the technique and why it works. See it below
Matching transactions using formulas [Accounting]
Imagine you are the head of Accounts Receivable department at a large company. Drab, I know, But humor me and imagine.
Now, every month you get a transaction report.
And you want to know which numbers are matching up.
i.e, if your company gave Vendor-0002 $872.34 on 1st of April, 2014 and your received below payments from them subsequently,
- $427.77 on 1st April
- $152.88 on 2nd April
- $291.69 on 2nd April
Then you consider the account matched since the total received is same as total payable.(427.77 + 152.88 + 291.69 = 872.34).
Preparing Profit / Loss Pivot Reports [Part 2 of 6]
This is part 2 of 6 on Profit & Loss Reporting using Excel, written by Yogesh Data sheet structure for Preparing P&L using Pivot Tables Preparing Pivot Table P&L using Data sheet Adding Calculated Fields to Pivot Table P&L Exploring Pivot Table P&L Reports Quarterly and Half yearly Profit Loss Reports in Excel Budget V/s […]
P&L Reporting using Excel [Part 1 of 6 on Excel & Accounting]
With this post we are starting a new series on how to do basic accounting in Microsoft Excel. In this and next 5 posts, we will aim to setup Profit & Loss account reporting for multi-location retail company.
During this series we will learn how to make P&L reports on various criteria with just few clicks.
Many users find it difficult to manage their P&L reporting for Multi Location organization.
We will be using Pivot Tables for our reporting purpose and will take example of a Retails chain with multiple locations divided into various regions.
Midterms and nothingelse
On a dark night, I am sitting in my room with QT textwondering whether to learn T-Test or go out for a Tea Taste Tomorrow (or rather today) is the last day of mids. Got QT and OM exams. Sofar finished majority of QT. will go through OM once I comeback from T break. Actually […]