4 Common Mistakes to Avoid in Financial Modeling
Financial modeling is an essential part of every FP&A professional’s toolkit. However, building a robust and reliable one requires skill, experience, and attention to detail. This post will discuss five common mistakes to avoid when building financial models. The below is not an extensive list, but thinking through it before you start creating your next […]
5 Tips for Better Financial Models in Excel
“If you cannot explain it simply, you don’t understand it well enough.” Albert Einstein It’s a simple sentence, but it carries a lot of truth. A lack of simplicity is often why models are so complicated that they are almost useless. And I’m not just talking about Excel workbooks full of hard-to-track VLOOKUPs, convoluted named […]
Trial Balance Mapping for Financial Reports
Most ERP and accounting software solutions out there can generate decent standard reports. However, we often need more than that. One way to approach the preparation of more specific statements is to do it in Excel. We can export the data from our systems and prepare a template for the Excel statement, where we will […]