Comments Off on That’s How We’ve Always Done It – Embracing Microsoft Excel to Promote Accounting Department Efficiency and Productivity
By Lucian Bacallao, CPA
An easy way to identify when a change may be needed is to ask why things are done a certain way. If the response given is, “that’s how we’ve always done it,” then there may be a need for change. Throughout my time working with auto retailers, I have noticed one of the biggest opportunities for improvement in business offices is addressing the underutilization of Microsoft Excel (“Excel”) for accounting transactional postings, and operational and financial analyses. Excel is the predominant spreadsheet and financial analysis tool used in almost every accounting office, but it’s also the most underutilized accounting tool available to dealership employees.