Talk to our Reporting experts
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How to Do Bookkeeping in Excel
Learn how to set up a bookkeeping system in Excel.
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Best Excel Add-ins for Finance & Accounting
Enhance data analysis, reporting, and financial modeling with Excel add-ins
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Excel Tips & Tricks for Accountants
Master the Excel tips & tricks the pros use to improve your efficiency
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Free Accounting Templates for Excel
Excel templates to leverage with or without specialized accounting software
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Finance Data Connectors for Excel
Choose the finance and accounting systems to connect with Excel for free.
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Free Excel Templates Gallery
Explore the 100+ free excel pre-built templates to improve your efficiency.
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Free Excel Calculators
Download Finance Calculators from our vast gallery of pre-built Excel templates.
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Excel Tutorials
An inventory of excel tutorials from basics to advanced.
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What Finance Operators say?
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“It’s the perfect tool for syncing Stripe and Salesforce.”
– Ben S
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“Coefficient automated all my data pulls from accounting tools.”
– Christian Budnik
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“Our financial and budget reports are now so easy! Coefficient literally saves us hours each week.”
– Brock Holliman
Frequently Asked Questions
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How is Excel used in accounting?
Excel is essential for accountants to manage budgets, track expenses, and create reports. Its features, like pivot tables and formulas, simplify financial analysis and forecasting. Often paired with advanced tools like Coefficient for connecting Excel to accounting platforms like QuickBooks, Xero, Netsuite, automating data imports, and reducing manual errors. Enabling accountants to focus on insights and decision-making rather than repetitive tasks.
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How do I create an accounting Excel?
To format Excel for accounting, use the “Accounting” number format to align currency symbols and decimal places for clarity. Create clear headers, use bold fonts, and apply borders for readability. Leverage conditional formatting to highlight key data like overdue invoices. Regularly use freeze panes and filters for easier navigation and data analysis. Excel add-ins like Coefficient.io can automate importing structured financial data into pre-formatted templates, saving time.
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What Excel formulas should accountants know?
Key Excel formulas for accountants include SUM (totaling revenue or expenses), IF (for scenarios like overdue invoices), VLOOKUP/XLOOKUP (finding account details or transaction data), and ROUND (ensuring precise financial figures). PMT is critical for loan and interest calculations, while EOMONTH helps track month-end deadlines. TEXT formats dates for reports, and Pivot Tables are invaluable for summarizing financial data like profit margins or expense breakdowns.