If you are relatively new to using Excel, you will notice that learning to use all Excel formulas is no easy task. There are many different functions that can be accomplished by the use of these formulas such as mathematical calculations. This is not something you can accomplish by listing your data on a Word document. The simplest of all Excel formulas are those used to perform basic mathematical calculations such as addition, subtraction, division and multiplication. If you have never worked inside of an Excel spreadsheet, you are going to need to find a course that can teach you how to get started. These functions are among the most basic and are quickly learned by even the most inexperienced users.
Instead of listing the items on a paper list the items can be just as easily listed on a spreadsheet which will add up the items as required without the requirement to double check the adding up is accurate. Such a list has a history in accounting term as a sales day book and a purchase day book. To achieve the required analysis of sales and purchases all that is required is to write into the top of each of the spreadsheet columns the titles of the analysis headings required. Then repeat the value of each transaction in the total column into the analysis columns. Use the spreadsheet technology to add up each column and you have an effective bookkeeping spreadsheet. Preparing such a bookkeeping spreadsheet might and often does suffice the needs of the smallest business enterprise and is a close step towards achieving a valuable tool for this purpose, bookkeeping software. Bookkeeping software can be as simple as a home produced spreadsheet but with additional facets that can have significant financial benefits to the business.