Mastering Excel: Optimizing Financial Statements

On-Demand Schedule Fri, January 22, 2021 - Fri, January 29, 2021
Duration 90 Mins
Level Intermediate
Webinar ID IQW19J1022

  • Extracting data dynamically for a given month or year to date by way of the OFFSET function
  • Building and exporting a 12-month Profit & Loss report from QuickBooks Online and QuickBooks Desktop as a model for what to look for when exporting from other applications
  • Modifying queries that return data from other sources into an Excel worksheet
  • Returning data to an Excel spreadsheet from Microsoft Query
  • Creating an in-cell list by way of Excel’s Data Validation feature
  • Using the SUMIFS function to sum values for a single account or a range of account numbers
  • Understanding the use of the MONTH function to return the month portion of a date or month name
  • Creating a workbook with just two worksheets that will present data for any month of the year
  • Extracting data dynamically for a given month or year to date by way of the OFFSET function
  • Seeing how to use the Trusted Document feature in Excel 2010 and later to suppress the Data Connection security prompt
  • Exploring the nuances of data exported from accounting programs, such as extraneous worksheets, blank columns, and extraneous rows
  • Discovering how Microsoft Query allows you to create self-updating links to databases, spreadsheets, text files, and other data sources

Overview of the webinar

This webcast presented by Excel expert David H. Ringstrom, CPA, teaches you how to create dynamic financial statements for any month of the year on a single worksheet. Excel users often build worksheets for each month of the year, which end up being cumbersome to revise. As an alternative, David shows you how to use Excel functions—including VLOOKUP, OFFSET, and SUMIF—to quickly create financial statements that allow you to toggle to any reporting period with only a couple of mouse clicks. He also demonstrates effective ways you can export data from your accounting package, thereby allowing you to create a “set-and-forget” link to your Excel data.

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.

Who should attend?

Practitioners who may benefit from learning how to create monthly financial statements in Excel more effectively.

  • Accountants
  • CPAs
  • CEO's / CFO's / CTO's
  • Controllers
  • Excel User
  • Income Tax Preparers
  • Enrolled Agents
  • Financial Consultants
  • IT Professionals
  • Auditors
  • Human Resource Personnel
  • Bookkeepers
  • Marketers
  • Government Personnel

Why should you attend?

The Learning Objectives are:

  • Define how to create accounting reports for any month of the year on a single worksheet
  • Apply a variety of Excel functions focused on helping you use Excel far more effectively
  • State how to export data from an accounting package to create a “set-and-forget” link to accounting data in Excel

Faculty - Mr.David H. Ringstrom, CPA

Acclaimed Microsoft Excel expert David H. Ringstrom, CPA, is the president and owner of Accounting Advisors, Inc. based in Atlanta, Georgia. David founded Accounting Advisors in 1991 as a consulting-services business, but in 2009, he began teaching for continuing education providers as well. His mission since then has been to offer quality training on Excel and additional accounting software via live webcasts, on-demand self-study webcasts, and in-house engagements. More than 24 providers, located throughout the country as well as overseas, now look to David for their Excel and accounting software training needs.

David’s Excel courses cover the gamut of the software’s features and functions to provide CPAs as well as accounting and financial professionals the knowledge they need to work more efficiently and effectively in Excel. David is known for saying, “Either you work Excel, or it works you.” Based on this belief, he focuses on teaching users what they don’t know but should know about Excel.

His comprehensive yet easy to understand presentations cover Excel 2019, 2016, 2013, and 2010. David’s webcasts are fast-paced, and he welcomes attendees’ questions. In addition, his detailed handouts and slides serve as handy reference tools students can fall back on after participating in his webcasts or taking his self-study courses.

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