Budgeting using Excel

4.3 (18)

David Ringstrom, CPA

Excel Accountant

Friday, March 12, 2021 | 12:30 PM EST

  • CPA Canada
  • CPA
  • Tax Pros

2 CPE | 2 CPD

$20

Subject Area

Computer Software and Applications

Webinar Qualifies For

2 CPE credit of Computer Software & Applications for all CPAs

2 CPD credit (Verifiable) for Canadian CPAs

2 CE credit of Computer Technology for Maryland Tax Preparers

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

In this informative webcast, Excel expert David H. Ringstrom, CPA, shows you how to create effective and resilient spreadsheets and how to future-proof them as well. David explains design techniques, including separating inputs from calculations, building out a separate calculations spreadsheet, and creating an operating and a cash flow budget. Although not included in the discussion, a cash flow budget calculates when to borrow against a line of credit, pay down the line of credit, and also when cash is available to pay dividends is provided in the handouts.

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based 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 webcast.

Office 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:

  • Utilizing Excel's Name Manager feature to review and manage named ranges within a workbook.
  • Using range names to streamline formulas and bookmark key inputs within a workbook.
  • Crafting formulas to compute gross margins, projected sales, commissions, and related amounts.
  • Improving the integrity of spreadsheets with Excel’s VLOOKUP function.
  • Using range names to streamline formulas and bookmark key inputs within a workbook.
  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail.
  • Saving time by using the AutoSum formula to sum multiple columns at once with a mouse click or a keyboard shortcut.
  • Learning how the Table feature empowers you to improve the integrity of Excel spreadsheets.
  • Using range names to streamline formulas and bookmark key inputs within a workbook.
  • Saving time writing formulas by choosing named ranges with the Use In Formula command.
  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail.


This webinar is for practitioners who are seeking to build budget spreadsheets that can be easily updated and supporting calculations are easy to follow.

Learning Objectives

  • To define how to isolate all user entries to an inputs worksheet, while protecting all calculations and budget schedules on additional worksheets.
  • To recognize the range names and the Table feature to create resilient and easy-to-maintain spreadsheets.
  • To recall what the SUMIF function returns if it cannot return a match.

Who Should Attend?

  • Bookkeeper
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • CPA - Large Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Senior Accountant
  • Entrepreneurial Accountant
  • Staff of Accounting Firm

Testimonial

4.3

(18)
56%
17%
28%
0%
0%

JC

The Course was very useful. I got it to help refresh after a period of being away from work.

PB

Great idea for a presentation and professionally creation of excel file for cash flow budget. And too much learning about the crafting formulas to calculate sales projections

OF

Very useful information! I learned a lot about formatting, lists, charts, and how to build a functional budget. Thanks!!