Finance and accounting are of vital importance in every organisation. Finance involves the acquiring and utilisation of funds, while accounting is important for keeping track of financial transactions. The ability to perform accurate and realistic financial analysis is imperative.
In today's ever-changing business environment, we have to be able to incorporate all scenarios and stress any proposal to its limits. For many organisations, information produced by financial models is the key to effective decisions.
Standard financial reports and statements can be readily obtained from the accounting software.
Most organisations encounter difficulties in having their financial reports customised to their needs without having to engage their accounting software vendor’s services.
This is where powerful features of a spreadsheet software come into the picture, providing the flexibility of structuring reports in formats according to individual’s need for the purpose of analysis, as and when required.