Check Templates / December 16, 2018 / Gina Pennington
By this I mean you have a spreadsheet that you use daily weekly or monthly. You may have to modify a few cells but the remainder of the spreadsheet is exactly the way you want it. It may be tedious to modify the cells but it is easier than recreating it from scratch. Guess what you have the basis of a template! If you wanted to make this spreadsheet into template you would need to take two more steps. The first step would involve modifying the spreadsheet to display only the data that remains the same. If you are constantly changing certain cells you would leave these cells formatted but blank. The last step involves saving this spreadsheet as a template. Once this is done you would always have access to a clean spreadsheet that is formatted the way you want and ready for your modifications.
If you are a financial manager having access to tools that allow you to make the right judgment is essential. As the market is continuously in a state of flux understanding the optimal capital weighting for financial assets is fundamental to ensuring profits. Many professionals that deal with these matters understand the advantages that can be had through the use of excel templates. Portfolio investment analysis becomes a lot more straightforward and increases in accuracy when using the latest software. With the ongoing move into the digital age all investors and people employed as financial experts can now carry out their activities with a greater potential for healthy returns and less overall risk.
Previous to this I recommended that you use protection at the worksheet and cell level to restrict the access people can have to certain cells. The workbook also should be protected to ensure that your users cannot modify the underlying template. You can set two levels of security which are the Modify option and Read Only Option. The only time you would use the Read Only option is if your template was only being used to print out the data. Issue 3: Use Formatting to make it easy to know where to put the data There are some basic fundamentals I always follow when it comes to formatting in Microsoft Excel.