SUMIF, SUMIFS, AVERAGEIFS, and COUNTIFS are commonly used accounting functions in Microsoft Excel. These formulas are used to calculate cell values based on the criteria you have described or ...

Both the Currency and Accounting number formats in Excel are used to display monetary values, including the symbol for the chosen currency. However, in this article, I'll explain their subtle ...

If we could impart one reality to our small business clients, it’s this: if you’re not intimately in touch with your business’s financial health, you’re leaving money on the table. Period. It’s ...

Excel is well known for making personal and business accounting easier. Two tools that allow for this capability are the program's Currency and Accounting number formats, which—alongside many other ...

How can I use Benford’s Law in Excel? A. Benford’s Law is a powerful tool in the accounting and auditing profession. It is ...

The accounting format in Microsoft Excel 2010 is very similar to the currency format---both display the currency symbol next to every number. But the accounting format has a few differences that make ...

Although Excel, the Microsoft Office spreadsheet program, has a few specialized financial formulas built in to the software program, the accounting format for spreadsheet cells has the most general ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, ...

IMGCAP(1)]Last week I wrote about my introduction to QuickBooks and how we took our entire staff to a training course for it. Today I am writing about training for the most basic software we use: ...

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...