Functions for a User-friendly Spreadsheet
What Functions could i use to create a User Friendly Excel Spreadsheet ?
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What is the purpose of your spreadsheet? That's usually a good place to start.
18 October 2014
It's about Managing Finances
18 October 2014
I'm imagining that this is for adults managing personal finances, or is it for a company?Is this an assignment you've been given by your ICT teacher, because you're not giving very much information about what you need to include, or is this all the information you've been given?With anything involving finances, whether personal or professional the main concerns will be how much is coming in (earnings, wages, profit, tips, interest, whatever) and what is going out (expenses (rent, food and other bills if personal, materials, staff, other bills if professional)). From that total of "In" and total of "Out" you can calculate whether you're in the black (bring in more than what's going out) or in the red (more is being spent than is being earned).If I were to approach this I would make each sheet (at the bottom of the page) a new month, to show that you're managing money over a length of time.I'd identify how money is coming in (will be different is personal or business) and create categories for each of these in a column so you can add numbers in the adjacent (neighbouring) column. You can then use the Sum function in Excel to find the total of all money coming in. Then leave an empty column to visually separate the two, and find categories for money out (again, the list of these will be different for personal and business) and input the numbers next to it. Use the Sum function to work out the total money out.Then, find the cell reference (e.g. B27 or G4) and write a function along the lines of money in minus money out, to find out if you're in the black or red. For example, if the Sum total of money in is in cell B9 and the Sum total of money out is in D7, I'd type "=B9-D7" to get that answer.Once you've got this set up you can copy and paste onto another "month" (sheet) and change the values in the different categories, but as long as you don't change the functions of the Sum total on money in, Sum total of money out, and working out the difference it should tell you the correct answer for the values you put in each month. If you wanted to then track whether you're in the black or red each month you could put the values from each month into a new table and plot a line graph to see how productive you're being over a period of time.I hope this helps. You've not given us very much information about what you're being asked to achieve so this is just speculation. Check with your teacher that this is what you're being asked to do before spending too much time on it.
19 October 2014
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