is excel good for accounting?
I'm going to use a powerful accounting software! and i want to know if excel is suitable for accounting and meets all of my needs for accounting. if no so let me know your suggestion. Thanks for your help
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Of course!!! It is the mostly used software for accounting..HECK, IT IS FOR ACCOUNTING!!!
Answer 2 :
Excel is a better spreadsheet than 99% of people need. You could at a pinch prepare accounts on it but it's better for other purposes costing, budgets and homework. It isn't an accounts package. You can download a free trial from microsoft or the free alternative and nearly as good open office suite to see what you will get. If you want a powerful accounts software you could try something like sage ( we use line 50). I suspect you need a cheaper package than that but i have no experience with those. Try downloading trial versions if you can find them.
Answer 3 :
It is perfect for accounting with all its formulas for converting vat into percentages, and sumif,countif, cell highlighting, and a thousand other things, you cannot go wrong.
Read more other entries :
