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Excel: Your best friend during financial planning

by , 11 September 2014
There are many parts to your financial planning. You have to set your goals and create a timeline. Then there's the budgets and financial analysis. It can all get a bit complicated when you're trying to create a plan in seven different documents.

But you can simplify all of this.

All you need to do is pull them all into your Excel. From here you can do everything you need to create successful financial management.

In fact, there's one very useful Excel function that can help you turn your Excel into a financial planning powerhouse. Read on to discover what it is...

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Are you an accountant or bookkeeper? Don't let an Excel problem interrupt your workflow
Over 5 920 Excel questions are searched on Google in South Africa every month...
If you're adding to that statistic, you'll know how hard it is to find a solution that specifically relates to your Excel problem.
But not anymore!

Use this Excel trick to turn it into a financial planning powerhouse 

When you have so many different documents to work with for your financial plan, it can be hard to find the one you need. 
But, if you use Excel, you can make everything much simpler. All you have to do is link your different worksheets together. Excel gives you the ability to link completely separate workbooks together as well as link worksheets in the same workbook together. 
This helps you because instead of going hunting for document you need, you can simply click through to the link and the find exact document you need.
Here are all the benefits you can get just from doing this.

You'll get these benefits just by linking your Excel financial planning documents together

- It'll save you time;
- Enable you to and quickly adjust all the documents if you make changes to your plan;
- It enables you to work with them separately and together;
- It ensures you don't 'lose' any of your important documents; and
- Improves your accuracy during your financial planning.
When you consider all of these benefits, why would you even think twice about using Excel to do your financial planning and link your worksheets?

PS. Find out how to improve your cash flow and eliminate simple accounting mistakes

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