Are Spreadsheets Costing Your Business?

The office desk has changed a lot in the past decade. Calculators, notepads and writing utensils – the instruments staff used to update company accounts – have all migrated to computers. For the most part, businesses have welcomed technological advancements with open arms and reaped the benefits as a result. Yet, one archaic accounting tool that many companies still can’t let go is the spreadsheet. Contrary to popular belief among business owners, Excel is not the answer for accounting procedures in this day in age. In fact, pursuing with spreadsheets in 2018 might actually be costing your business money. Here’s why… Data entry dangers Even the biggest spreadsheet fans would admit that Excel data input is problematic. Something as simple as a single ...

More