Automating Excel-based Financial Statements (Video) (Course Id 2771)

In this insightful session, author and Excel expert David Ringstrom, CPA, shows you step-by-step how to create dynamic accounting reports for any month of the year on a single worksheet. This provides a powerful alternative to building out a separate worksheet for each reporting period and provides easier maintenance and better data integrity. You'll see how to use Power Query to create a self-updating connection to a twelve-month financial statement that you export from your accounting software. You'll also see how to use Data Validation to create a drop-down list for specifying a report period, and how to use the SUM, OFFSET and SUMIFS functions to summarize data into detailed or roll-up report formats.

David is the author of “Microsoft Excel 365 for Dummies”, “Exploring Microsoft Excel’s Hidden Treasures”, and has written or co-authored six other books. He demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Excel for Microsoft 365. David draws your attention to any differences in Excel 2021, 2019 or 2016 during the presentation and in his detailed handouts. The handouts include an Excel workbook with most of the examples he uses during his demonstrations.

Excel for Microsoft 365 is a subscription-based product that receives periodic feature updates. Conversely, perpetually licensed versions have year numbers in their names and do not receive any feature updates.

Course Learning Objectives

• Name what the SUMIFS function returns if a match cannot be found.
• Identify one of the uses of Data Validation.
• State which column the OFFSET function would return data from.