{"id":6248,"date":"2016-04-15T21:09:48","date_gmt":"2016-04-15T21:09:48","guid":{"rendered":"https:\/\/www.investintech.com\/resources\/blog\/?p=6248"},"modified":"2020-10-16T15:09:04","modified_gmt":"2020-10-16T15:09:04","slug":"excel-accountant","status":"publish","type":"post","link":"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html","title":{"rendered":"How To Work Excel Like An Accountant Without The Degree"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4931 size-full\" src=\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2014\/03\/Calculating-Taxes-Excel1.jpg\" alt=\"Calculating Taxes In Excel\" width=\"640\" height=\"480\" srcset=\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2014\/03\/Calculating-Taxes-Excel1.jpg 640w, https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2014\/03\/Calculating-Taxes-Excel1-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>Not everyone has the skills of an accountant or financial analyst. But if the stress of tax season has taught us anything it\u2019s that we could certainly take our cue from them and handle our finances better than we currently are.<\/p>\n<p>Knowing even a tenth of how to use Excel is an extremely valuable asset to have. From organizational purposes to simple data visualizations, the uses of Excel are unlimited.<\/p>\n<p>We\u2019ve already showed you how to work with your <a href=\"https:\/\/www.investintech.com\/resources\/blog\/archives\/5430-excel-data-tips.html\">data in Excel<\/a> with a few basic tips. So we thought it\u2019d be a good time to take things up a notch.<\/p>\n<p>If you want to improve your data analyzing chops, we found some advice, MS Excel resources, and tips to help you to start working with Excel like an accountant without the degree!<\/p>\n<h2><strong>Use\u00a0Excel With A Specific Goal In Mind<\/strong><\/h2>\n<p>There are many things an accountant can use Excel for. A cost accountant could open up a spreadsheet, for instance, to gain\u00a0some insight from data in a PivotTable. But for you, your situation may be different. You may use Excel for. . . .<\/p>\n<ul>\n<li><a href=\"http:\/\/www.makeuseof.com\/tag\/taxes-5-excel-formulas-must-know\/\" target=\"_blank\" rel=\"nofollow\">Tax related calculations<\/a>: Though tax season is done and over with in the US, Canadians still have 2 more weeks to go\u2014that\u2019s 2 long weeks of number crunching and form-filling!<\/li>\n<li><a href=\"https:\/\/www.quora.com\/Why-do-many-people-still-use-Excel-as-a-pseudo-database\" target=\"_blank\" rel=\"nofollow\" class=\"broken_link\">A pseudo database for all kinds of information<\/a>: Though you may not think it, Excel continues to be a popular choice as a general purpose database as financial professionals on Quora explain.<\/li>\n<li>Creating a <a href=\"http:\/\/www.vertex42.com\/Calculators\/Canadian-mortgage.html\" target=\"_blank\" rel=\"nofollow\">Canadian Mortgage Calculator for Excel<\/a>: This can help first time home owners zero in \u00a0on a mortgage plan that\u2019s right for them.<\/li>\n<\/ul>\n<p>What would be your financial reason to learn MS Excel? Answer this question and you\u2019ll be driven to master the program and take the next steps.<\/p>\n<h2><strong>Keep Information Organized &amp; Accessible<\/strong><\/h2>\n<p>Although Excel is powerful calculation tool, you have to admit that it\u2019s a great organizational tool. And this is where you can get your feet wet.<\/p>\n<p>You can use it to <a href=\"http:\/\/joelzaslofsky.com\/spreadsheets-and-you\/\" target=\"_blank\" rel=\"nofollow\">track and organize almost anything<\/a>. And for accountants that is key. But if you\u2019re not analyzing corporate invoices, don\u2019t worry. You can still use it in your everyday life. \u00a0Use it to keep wedding plans in order, keep track of your monthly budget, or keep your online research. It\u2019s up to you.<\/p>\n<p>Another simple way accountants use Excel? As a means of transparency, giving their clients access to their data and vice versa. You can imagine how this would help if you need to export your data to and from different sources and people.\u00a0 So no matter what your goal is, learning how to work collaboratively by <a href=\"https:\/\/support.office.com\/en-US\/article\/Share-your-Excel-2016-workbook-with-others-8d8a52bb-03c3-4933-ab6c-330aabf1e589\" target=\"_blank\" rel=\"nofollow\">sharing your Excel workbook<\/a> with others is another good start.<\/p>\n<h2><strong>Know\u00a0Your MS Excel Basics <\/strong><\/h2>\n<p>If you don\u2019t have any experience with numerical analysis, you\u2019ll need to start from the beginning. \u00a0Learn the basics of Excel&#8211;and learn them well!<\/p>\n<p>On Quora, a wide range of accountants and financial professionals naturally have differing opinions on which <a href=\"https:\/\/www.quora.com\/What-Excel-skills-are-most-valuable-for-finance-and-accounting\" target=\"_blank\" rel=\"nofollow\" class=\"broken_link\">Excel skills are the most valuable for finance and accounting.<\/a> But what\u2019s generally understood without saying is that basic Excel skills and knowledge are required.<\/p>\n<p>Thus, once you know your way around Excel (simple formatting, data entry), you can start in on features for working <em>with<\/em> your data. Think MS Excel Pivot Tables, Remove Duplicates, and Text-To-Columns. The aim of this step is to go from not knowing anything about Excel to knowing how to use it for basic calculations.<\/p>\n<h2><strong>Get Serious About Excel<\/strong><\/h2>\n<p>This step includes learning about trends like <a href=\"https:\/\/www.investintech.com\/resources\/blog\/archives\/5718-experts-predict-the-future-of-excel-in-business-intelligence.html\">Excel\u2019s impact on Business Intelligence<\/a>.\u00a0 It also means trying to get more precise with your <a href=\"https:\/\/www.investintech.com\/resources\/blog\/archives\/5916-excel-tips-for-data-analysts.html\">Excel spreadsheets and data analysis<\/a>. To do so, you need to know where to go.<\/p>\n<p>If you\u2019re at a loss at how to start in on seriously and actively learning about Excel, a few Quora professionals outlined what they thought was <a href=\"https:\/\/www.quora.com\/Which-is-the-best-way-to-learn-Excel?redirected_qid=2488857\" target=\"_blank\" rel=\"nofollow\" class=\"broken_link\">the best way to learn Excel<\/a>. \u00a0So take a look at the thread. From online resources and courses to certifications and Excel oriented events, there\u2019s no limit on\u00a0how far you can go.<\/p>\n<h2><strong>Use MS Excel Keyboard Shortcuts<\/strong><\/h2>\n<p>Another suggestion to boost your learning is to use keyboard shortcuts for the basics. This is because once you master a skill, you should make it as efficient as possible. You\u2019ll have bigger tasks to perform once you have the basics down. And wasting your time on \u00a0the smaller things can slow you down.<\/p>\n<h2><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5546 size-full\" src=\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2015\/04\/Technology-Keyboard.jpg\" alt=\"Keyboard Law Technology\" width=\"640\" height=\"480\" srcset=\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2015\/04\/Technology-Keyboard.jpg 640w, https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2015\/04\/Technology-Keyboard-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/strong><\/h2>\n<p><a href=\"http:\/\/pakaccountants.com\/\" target=\"_blank\" rel=\"nofollow\">Pakaccountants.com<\/a> outlines the kind of <a href=\"http:\/\/pakaccountants.com\/top-10-excel-keyboard-shortcuts-for-accountants\/\" target=\"_blank\" rel=\"nofollow\">MS Excel keyboard shortcuts<\/a> accountants use. And it\u2019s a powerful list when you consider how much they accomplish. For other keyboard shortcuts, you can access Microsoft\u2019s official list of <a href=\"https:\/\/support.office.com\/en-US\/article\/Keyboard-shortcuts-in-Excel-2016-for-Windows-e56d0e8f-a566-4094-8604-5190ae802612#BM_Ctrl\" target=\"_blank\" rel=\"nofollow\">Excel keyboard shortcuts<\/a> on their site.<\/p>\n<h2><strong>Use MS Excel Cheatsheets<\/strong><\/h2>\n<p>If you can\u2019t remember all the <a href=\"https:\/\/www.wallstreetmojo.com\/excel-functions\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">functions and formulas<\/a> there are, don\u2019t worry. It\u2019s doubtful that even power users can remember them all.\u00a0 For this, you can simply print up and use an <a href=\"https:\/\/www.investintech.com\/resources\/articles\/excelcheatsheet\/\">Excel cheatsheet<\/a> and refer to it when needed. So even if you don\u2019t know which function or formula you need, you\u2019re more than capable of looking it up.<\/p>\n<h2><strong>Just Dive In<\/strong><\/h2>\n<p>There is absolutely no substitute for hands-on experience. If you\u2019re going to learn Excel, learn it! Spend time with the program. Many are intimidated by it. But the key to overcoming that is to start understanding MS Excel. So explore it. Test it out. Just dive in.<\/p>\n<p>And if your own personal motivation isn\u2019t enough, another great reason to learn Excel? There are <a href=\"http:\/\/blogs.wsj.com\/atwork\/2015\/03\/05\/microsoft-excel-skills-the-key-to-middle-class-earnings\/\" target=\"_blank\" rel=\"nofollow\">jobs that pay extremely well for MS Excel skills<\/a>. \u00a0It&#8217;s nothing but\u00a0a win-win situation when you learn Excel. \u00a0So step up your game and see how far you can go!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not everyone has the skills of an accountant or financial analyst. But if the stress of tax season has taught us anything it\u2019s that we could certainly take our cue from them and handle our finances better than we currently are. Knowing even a tenth of how to use Excel is an extremely valuable asset &#8230; <a title=\"How To Work Excel Like An Accountant Without The Degree\" class=\"read-more\" href=\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html\" aria-label=\"More on How To Work Excel Like An Accountant Without The Degree\">Continue reading \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[332],"tags":[232,336,267,45,39,98,59],"class_list":["post-6248","post","type-post","status-publish","format-standard","hentry","category-tech-tips-tutorials","tag-data-analysis","tag-data-science","tag-document-management","tag-ms-excel","tag-productivity","tag-technology","tag-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Work Excel Like An Accountant Without The Degree<\/title>\n<meta name=\"description\" content=\"Take your Excel skills up a notch. 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This brief guide will give you some pointers on how you can use Microsoft Excel like an accountant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html\" \/>\n<meta property=\"og:site_name\" content=\"PDF Blog | Investintech PDF Solutions\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-15T21:09:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-16T15:09:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2014\/03\/Calculating-Taxes-Excel1.jpg\" \/>\n<meta name=\"author\" content=\"Reena\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@able2extract\" \/>\n<meta name=\"twitter:site\" content=\"@able2extract\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html\"},\"author\":{\"name\":\"Reena\",\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/#\/schema\/person\/9d21ba7980d32dbd36069a4878f8e409\"},\"headline\":\"How To Work Excel Like An Accountant Without The Degree\",\"datePublished\":\"2016-04-15T21:09:48+00:00\",\"dateModified\":\"2020-10-16T15:09:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html\"},\"wordCount\":970,\"publisher\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2014\/03\/Calculating-Taxes-Excel1.jpg\",\"keywords\":[\"data analysis\",\"data science\",\"Document Management\",\"MS Excel\",\"productivity\",\"technology\",\"tips\"],\"articleSection\":[\"Tech Tips and Tutorials\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html\",\"url\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html\",\"name\":\"How To Work Excel Like An Accountant Without The Degree\",\"isPartOf\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.investintech.com\/resources\/blog\/archives\/6248-excel-accountant.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.investintech.com\/resources\/blog\/wp-content\/uploads\/2014\/03\/Calculating-Taxes-Excel1.jpg\",\"datePublished\":\"2016-04-15T21:09:48+00:00\",\"dateModified\":\"2020-10-16T15:09:04+00:00\",\"description\":\"Take your Excel skills up a notch. 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