Tuesday, December 10, 2024
To reduce errors in reports, you should foot and cross-foot them. But Excel's floating-point arithmetic gets in the way. Here's how to fix the problem with a standard deviation calculation.

How to Foot and Cross-Foot Excel Reports in a Floating-Point World

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At first glance, the following report is an ordinary one. It merely sums an Excel Table by Product and Region, and then foots and...
You can ratchet down errors in your Excel reports by using an Error Summary Table that uses conditional formatting to alert you to errors.

How to Set Up an Automatic Error-Checking System in Excel Reports

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Decades ago, I worked as a cost accountant for a large company. But because our department received terrible reports, I wrote my own reports...using...
Simple spreadsheet edits can introduce costly Excel errors. Here are three techniques that can help you to reduce your errors in Excel.

Three Ways to Reduce Errors in Your Excel SUM Formulas

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If you aren't careful, simple edits to your reports and analyses can cause significant errors. Years ago, for example, I heard about an expensive error...
Excel has a reputation for having many errors in reports and analyses. But you can use simple methods to reduce errors significantly. Here are seven of them.

Seven Ways to Avoid Errors In Excel Reports & Analyses

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You can find many stories on the web about problems with spreadsheet errors. So I thought it would be useful to review some practical...
Many Excel reports leave managers knowing less than they did before. Here are five best practices to follow in planning your management reports.

Five Best Practices in Your Excel Reporting Strategies

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Most Excel reports, forecasts, and analyses I've seen in my career could serve as excellent examples of what NOT to do in Excel. These reports...
If the formulas in your Excel reports and analyses display errors like #DIV/0! or #VALUE!, here are some simple ways to trap them.

Error Handling in Excel Spreadsheets

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It’s virtually guaranteed. If you have a bunch of formulas like this… M43:   =C43/D43 …then the divisor, D43 in this instance, will have a value of...

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Excel Flowbook Revolution

Getting Radical with Excel

It's time to think about Excel in a radical new way—when we use it to work with business or economic data. It's time, in fact,...
Growing too fast can be dangerous to your company's health. Use the Sustainable Growth Rate ratio to track your company's financial ability to grow.

How Fast Is Too Fast?

(Originally published in Inc Magazine.) What typically tops the list of worries of the chief executive officers of fast growing companies? Financing that growth, according...

How to Smooth Data by Using the TREND Function

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Years ago, I read that Prof. William S. Cleveland had suggested that data could be smoothed by calculating a centered trendline through adjacent data—a...
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