Accounting Spreadsheets and Calculators Key Terms

Some key terms for accounting spreadsheets, calculators and other software tools

For a business of any size where documentation is a key part of daily operations, accounting spreadsheets and calculators are indispensable. Businesses can use these kinds of tools to provide estimates on projected tax debts, correct payroll withholding and so much more. Accounting tools give a business a "road map" for the future. Knowing about some basic key terms around these resources will help a business find what's best for the office to keep track of all revenues, expenditures and cash amounts.

 

Template

A template is a rough form for a document. Templates are very helpful for spreadsheets, accounting calculators and other financial tools.
Try: Find Excel spreadsheet templates and other financial templates at Model Advisor.

Free accounting software

Free accounting software is part of what's called "freeware" - software available for free download. Some free accounting programs can be very helpful in using spreadsheets and related tools.
Try: See examples of free accounting software at File Guru.

Balance sheet calculator

One kind of accounting calculator that is popular is a balance sheet calculator. A balance sheet calculator helps a business with the critical task of managing a balance sheet, which is a tally of various financial numbers aimed at figuring out net profits.
Try: See an example of an online balance sheet calculator at CSG Network.

Payroll calculators

Payroll calculators help businesses do critical accounting tasks related to payroll. This can have a very positive impact on a business, as by optimizing payroll, a company can help both the employees and the employer at the same time.
Try: See excellent examples of payroll calculators, including the gross-up calculator (optimizing an employee's income relative to a bonus) and more at Paycheck City.

Web-based software

Web-based software is quickly becoming a popular choice for accounting tools and programs. Web-based software is software that businesses can "order" over the Web. Buyers don't have to unpack, install and register the software - they just use it.
Try: Find more on Web-based software at ASA Research.

Open source

Open source is another "way of the future" alternative for software, including spreadsheets, accounting modules and anything else a business might use. Open-source software is software that is freely available because its code is visible to users. In past years, businesses were wary of dealing with open source, although now some are rethinking paying steep fees for other "mainstream" solutions.
Try: Get more information at Tech Source from Bohol.

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