Josh (Your CFO Guy)
Josh (Your CFO Guy)

@YourCFOGuy

6 Tweets 3 reads Jan 10, 2024
Excel continues to be the BEST tool for Finance & Accounting enthusiasts
and there is an endless amount of content to help you get the most out of working with excel
While every excel file can differ
The Excel D∙A∙D∙A framework makes you get the most out of using Excel:
D → DYNAMIC & FLEXIBLE
Your workbooks should be dynamic & flexible, allowing you to move QUICKLY…and EFFICIENTLY.
Here, the key parts to focus on are:
⏩ One source linked to multiple outputs
🧮 Dynamic formulas & Named Ranges
♻️ Easy to refresh with Source Data
A → ACCURATE
It’s not enough for your excel files to be dynamic & flexible
they must also be ACCURATE
a classic error check is to ensure that Asset = Liabilities + Owners Equity
D → DIGESTIBLE
It’s pretty unlikely that you’ll be the only person using your excel file…
Here, you’ll want to utilize a comprehensive structure where your Inputs drive your outputs…
it’s also a good idea to utilize a relevant color scheme, and table of contents
A → ATTRACTIVE
Here comes my favorite part 🤩
Remember…we human beings are creatures of design!
Invest in pretty design for your excel files to captivate your audience, and leave them feeling happy to ingest the data you are presenting them
The Excel D∙A∙D∙A framework is what I strive to use in all of my excel file
but it’s an ever ending pursuit to deliver the right value.
PS: Level up your career and get Finance & Accounting tips like this delivered right to your inbox:
yourcfoguy.com

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