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

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Presentation transcript:

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