Financial accounting table

Financial accounting in Excel

Financial accounting in Excel is the use of an office application, with the help of which tables, formulas, diagrams are formed to manage financial indicators. How is it implemented?

To do this, sheets are created in an Excel file. For example, these can be: income, expenses, balance, cash and bank, debts and loans. Next, it is necessary to think over the structure of the tables, and here the following will definitely be present: transaction date, category, amount, counterparty, comment. Then a formula is planned in the table and it is entered manually, as well as other operations.

Finance Table in Excel

An Excel financial accounting spreadsheet can be used along with filters and pivot tables to analyze data. For example, you can quickly see expenses by a certain category or income by month. Certain templates are often created and used. Although this model may seem advantageous, a free application does not require investments, but this format of management has many disadvantages.

Financial accounting table

The financial accounting table may be subject to manual input errors: there is a high probability of typos and incorrect formulas, and therefore incorrect calculations. With this format of work, there is no automatic data update, no possibility of synchronization with external systems (for example, with a bank), no automatic accounting of the exchange rate.

Large volumes of data make it difficult to work with information, search and analyze data. When collaboration is required, collaboration opportunities are limited: there is no full access control, anyone can accidentally delete data.

A financial accounting table in such a format can be easily lost, it is not protected from hacking and unauthorized access. Excel does not support complex financial reports and forecasting as specialized programs do. All this suggests that for professional accounting it is necessary to use a specialized program, for example, from the company USU.

Table of financial accounting of expenses

The UCS can provide a wide range of functions that allow you to automate processes and minimize errors. The table of financial accounting of expenses with the help of the UCS will be implemented in the best way. Firstly, the necessary formulas, templates are entered into the system and you only need to work with indicators. Secondly, the user receives prompt data entry without manual calculation, the balance and reports are automatically updated, and opportunities for integration with banks and accounting systems are available.

Working in the USU system, you will be able to minimize human errors: incorrect calculations, missed payments. The software uses automatic data verification formulas.

USU will provide functions for convenient analysis and reporting: you can receive ready-made reports on income, expenses, profit, work with graphs and charts for data visualization, and conduct detailed control of the company's financial condition.

Table of accounting of expenses and income

The table of expenses and incomes in the UCS will have the properties of transparency of operations, which makes financial control as accessible as possible. You will have a clear understanding of where the money goes, the ability to analyze business efficiency, register debts and loans, and control payments. Using the platform increases data security, and protects against data loss (using backup copies). You can introduce access control for employees and control changes and user actions.

Download table for accounting of finances

Using the UMS, you will be able to scale your activities and be flexible in working with indicators.

Our system is suitable for both small and large businesses. USU provides the opportunity to expand functionality as the company grows. We also provide opportunities for integration with other systems, such as CRM.

With USU you will get convenient access and mobility, the ability to work in cloud services, control finances at any time and from any device. You can download the table for accounting of finances in the trial version right now. USU - simplify your financial accounting with us.