Excel Explained: Budget Spreadsheets

In this comprehensive webinar, Excel expert David Ringstrom, CPA, teaches you how many Excel functions and features can be used to create adaptable and easy-to-maintain budget spreadsheets. David explains how to separate inputs from calculations, build out a separate calculations spreadsheet, create both an operating and a cash flow budget, transform filtering tasks, preserve key formulas, and more.

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Microsoft 365 (formerly Office 365) version of Excel. David draws your attention to any differences in the older versions of Excel (2019, 2016, 2013, and earlier) during the presentation as well as in his detailed handouts. David also provides an Excel workbook that includes most of the examples he uses during the webcast.

Microsoft 365 is a subscription-based product that provides new feature updates as often as monthly. Conversely, the perpetual licensed versions of Excel have feature sets that don't change. Perpetual licensed versions have year numbers, such as Excel 2019, Excel 2016, and so on.

Covered Topics

  • Accessing free downloadable budget templates that can be customized as needed.
  • Avoiding the complexity of nested IF statements with Excel’s CHOOSE function.
  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail.
  • Crafting formulas to compute gross margins, projected sales, commissions, and related amounts.
  • Employing the SUMIF function to sum values related to multiple instances of criteria you specify.
  • Improving the integrity of budget spreadsheets by isolating all inputs to a single worksheet.
  • Improving the integrity of spreadsheets by using SUMIF to look up values in a more flexible fashion than VLOOKUP.
  • Improving the integrity of spreadsheets with Excel’s VLOOKUP function.
  • Learning how the Table feature empowers you to improve the integrity of Excel spreadsheets.
  • Mastering the IFERROR function to display alternate values in lieu of a # sign error.
  • Navigating directly to inputs by using Excel's Name Box, and then returning to the previous location in the workbook via the Go To commmand.
  • Preserving key formulas using hide and protect features.

Who Should Attend?

Practitioners seeking to build budget spreadsheets that can be updated effortlessly and contain easy-to-follow supporting calculations.

"The webinar is packed with a lot of great information. The presentation is excellent - detailed and comprehensive. I'm glad we also purchased the 6 month "on-demand" access.  I'll need to work with some of these functions for a few weeks and then go back and listen again to make sure I fully understand them." -- Wendy Reiter, VP & Controller, The Bank of Canton