To Excel or not to Excel?!

How sad is it that (i) I love nothing better than tapping away on a spreadsheet and (ii) I OWN that mug?!!!

“The spreadsheet has been declared dead more times than Bitcoin. But the tool, specifically Excel, marches on.”

From: Francois Badenhorst, AccountingWEB’s business editor:

It’s difficult to think of another piece of software which has enjoyed the longevity of the electronic spreadsheet. The tool, specifically Excel, has been a steady companion for AccountingWEB members.

The spreadsheet’s enduring popularity hasn’t come without controversy: it has been under sustained PR assault for as long as I can recall. The criticism seems to stem from a reasonable source: the never-ending stream of spreadsheet errors which have caused all manner of calamity.

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Choosing a date for your accounting year end

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Chartered certified accountant Raphael Coman of Coman & Co provides advice about choosing an accounting year-end date for your business

The choice of date for your accounting year-end is entirely up to you as a business owner, but there are many factors to consider.

The date you choose will affect when you pay tax on your profits. While aligning your accounting date with the tax year may be the simplest option, there are implications for a growing business that you should consider.

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