Financial Calculation with Excel today
Copyright 2006 Vincent Wilmot
If you are concerned with financial calculation, then this will
no doubt involve the use of Microsoft's excellent Excel
spreadsheet. Excel allows of both manual one-off calculation and
of automated calculation.
The main problems of manual financial calculation.
Manual calculations that can involve large numbers of variables
and tricky formulae will be more prone to human error. They will
also involve more labour, and so take more time and in any
business they will also cost more. This increases further when
errors require work to be repeated.
Excel automated calculation.
Microsoft's Excel is well suited to automating complex
calculation. Hence complex financial formulae can now be built
into an Excel spreadsheet designed to make things easier,
quicker and less error prone. Hence it is possible today to
produce an excellent Excel custom automated Mortgage Calculator
to suit specialist needs, or many other types of automated
financial calculators. These can be especially useful to any
business in saving labour, time and money !
Specialist automated financial calculators.
Some types of financial calculation may be of particular use to
a specialist area of business. Hence property developers of
housing for sale or for rent, will want to calculate the likely
profit of a particular housing scheme before they consider
building it. Nobody wants to go to a great expense to make a
loss. A specialist automated Excel calculator that helps to
easily calculate likely profit or loss can hence be a very
useful tool. Some businesses will do those types of calculation
manually with much labour, while others may produce their own
specialist Excel calculators themselves in-house. But often
today it makes much more financial sense to buy such a
calculator, as even custom calculators may be available
inexpensively.
Do be the wise financial planner.
If you are concerned with financial calculation of any kind then
do look at what good automatic Excel calculators you can buy
today.