What should be included on spreadsheets and in accounts payable reports that are prepared for ratification...

What should be included on spreadsheets and in accounts payable reports that are prepared for ratification by management? List seven features.

Expert Solution

Today, spreadsheet software is practically a required part of any collection of office software, and it remains as useful now as it was in the beginning. Spread sheet also consists of grids, rows, columns, formulas, commands, text manipulation, printing, title bar, menu bar etc.,
Virtual design:-
Most people process data most easily when it is presented visually, rather than simply existing as a set of hypothetical numbers in the mind. Spreadsheets allow you to lay figures out on a grid, calculating and manipulating them visually.
Automatic calculations:-
This is done in a simple and intuitive manner; to perform a calculation with two different cells on the spreadsheet, simply click a cell, press a key for a mathematical operator such as the "+" sign and click the second cell.
Dynamic Updates:-
Because the value displayed in the cell is based on the values in two other cells, the cell dynamically updates when you change either of the referenced cells. This allows you to test different scenarios by changing the cost of an item, or the percentage of profit. Any time you base the value of one cell on the value of other cells, the value of one cell updates automatically when the other is changed.
Analysis of Data:-
Most spreadsheet software can automatically create graphs and charts from your data, giving you different ways of comparing and analyzing information. These visual representations can also be printed and emailed, or exported into slide shows for presentations.

Reports in account payable:-
Reports within accounts payable are time sensitive in that the financial records only apply to specific periods of time. These time periods can vary depending on the frequency a business owner pays debts and other financial obligations. Usually, reports within accounts payable update monthly to reflect new payments made on recurring debts. These payments apply to larger debts tied to private loans or costs of doing business, including monthly utility payments, private loan payments and mortgage or rent. Accounts payable can also include one-time payments made for purchases of assets, including equipment, replacement parts and advertising fees.

Features of spread sheet:-
1)A spreadsheet allows user to enter and calculate numerical data.
2)Speadsheet greatly increases productivity for anyone who needs to manage receipts, create ‘budgets’ generate financial reports.

3)It combines the features of a general ledger with the flexibility of powerful data analysis and reporting function.

4) It offers integral charting/graphic add database operation.
5) It had keyboard driven pop ups menus as well as key commands making it fast to operate.
6) It uses Macro to produce graphs and charts.

7)It offers graphical tools, pivot tables and chart.
8)It helps to manage data in various formats, thus increasing productivity.

ekkarill92 answered 1 year ago

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