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Excel Budget Spreadsheet Techniques

Member price:

$59.00

Your price:

$ 99.00

12/15/2021

11 am PT / 12 pm MT / 1 pm CT / 2 pm ET
*approximate length: 45 minutes to 1 hour

Presenter: David Ringstrom, CPA

In this comprehensive presentation, Excel expert David Ringstrom, CPA, demonstrates how many Excel functions and features can be used to create adaptable and easy-to-maintain budget spreadsheets. David explains how to separate inputs from calculations, build out a separate calculations spreadsheet, create both an operating and a cash flow budget, preserve key formulas, and more. 

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Microsoft 365 (formerly Office 365) version of Excel. David draws your attention to any differences in the older versions of Excel (2019, 2016, 2013, and earlier) during the presentation as well as in his detailed handouts. David also provides an Excel workbook that includes most of the examples he uses during the session.

Microsoft 365 is a subscription-based product that provides new-feature updates as often as monthly. Conversely, the perpetual licensed versions of Excel have feature sets that don’t change. Perpetual licensed versions have year numbers, such as Excel 2019, Excel 2016, and so on.

Topics Covered:

  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail
  • Crafting formulas to compute gross margins, projected sales, commissions, and related amounts
  • Employing the SUMIF function to sum values related to multiple instances of criteria you specify
  • Understanding why it’s worthwhile to build out supporting schedules to break down calculations used in budgets
  • Mastering the IFERROR function to display alternate values in lieu of a # sign error
  • Improving the integrity of spreadsheets by using SUMIF to look up values in a more flexible fashion than VLOOKUP
  • Saving time writing formulas by choosing named ranges with the Use In Formula command
  • Utilizing Excel's Name Manager feature to review and manage named ranges within a workbook
  • Avoiding the complexity of nested IF statements with Excel’s CHOOSE function

Learning Objectives:

  • Define how to isolate all user entries to an input worksheet, while protecting all calculations and budget schedules on additional worksheets
  • Apply range names and the Table feature to create resilient and easy-to-maintain spreadsheets
  • Build in buffers around SUM formulas so that new rows aren’t inadvertently left out of totals

David H. Ringstrom David H. Ringstrom, CPA, is an author and nationally recognized instructor who teaches scores of webinars each year. His Excel courses are based on 25 years of consulting and teaching experience. David’s mantra is “Either you work Excel, or it works you,” so he focuses on what he sees users don’t, but should, know about Microsoft Excel. His goal is to empower you to use Excel more effectively.

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