Trending December 2023 # Accounting Number Format In Excel # Suggested January 2024 # Top 16 Popular

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Excel Accounting Number Format (Table of Contents)

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Accounting Number Format in Excel Difference between Currency and Accounting Number Format in Excel

Accounting Format:

The difference between Currency and Accounting format is shown in the below screenshot.

How to Use Accounting Number Format in Excel?

In Microsoft Excel, we can find the accounting format under the number formatting group shown in the below screenshot.

Also, we can format the number in accounting format by choosing the dollar sign $ in the number group, which is also one of the shortcuts for the accounting number format shown in the below screenshot.

Example #1

Converting Number to Excel Accounting Format

You can download this Accounting Number Format Excel Template here – Accounting Number Format Excel Template

In this example, we will learn how to convert the normal number to accounting format. Consider the below example, which shows MRP, Selling Price of the individual product with local, national and zonal prices.

As we can notice that all the numbers are in general format by default, Assume that we need to convert the “Selling Price” to Accounting Number format along with Local, Zonal, and National selling prices.

In order to convert the number to Accounting format, follow the below procedure step by step.

First, select the column from E to H, where it contains the product’s selling price, which is shown in the below screenshot.

Once we choose the Accounting number format, we will get the output as ###, which is shown below.

We can notice that once we convert the number to accounting number format, excel will align the dollar sign at the left edge of the cell and display with two decimal points that we are getting the ### hash symbols.

Enlarge all the columns so that we can see the exact accounting format output, which is shown below.

In the below result, we can see that all the numbers are converted where we can see the Dollar sign$ in each left edge of the cell separated by commas and with two decimal numbers.

Example #2

To apply accounting number formatting, follow the below step by step procedure as follows.

First, select the column from E to H, where it contains the product’s selling price, which is shown in the below screenshot.

In the above screenshot, we can see the list of number formatting options.

Select the Accounting option so that it will display the accounting format, which is shown below.

As we can see, on the right-hand side, we can see decimal places where we can increase and decrease the decimal points, and next to that, we can see the symbol drop-down box, which allows us to select which symbol needs to be displayed. (By default, accounting format will select the Dollar Sign $)

Once we increase the decimal places, the sample column will display the number with selected decimal numbers which are shown below.

Example #3

This example shows how to sum the accounting number format by following the below steps.

Consider the example which shows sales data for the month of OCT-18.

As we can see that there are normal sales figures in the General number format. Now we will convert the above sales figure to accounting format for accounting purposes.

First, copy the same B column sales figure next to the C column, which is shown below.

Now select the C column and go to the number formatting group and choose Accounting, shown below.

As we can see, the difference that C column has been converted to accounting format with a Dollar sign with two decimal places and at the last column for negative numbers accounting format has shown the number inside the parenthesis.

Put the SUM formula in the C13 column, which will show the SUM in accounting format.

In the below result, we can see that the accounting format which automatically uses the dollar sign, decimal places, and comma to separate a thousand figures where we cannot see those in General number format.

Things to Remember

The accounting number format is normally used for financial and accounting purposes.

The accounting number format is the best way to configure the values.

For negative values accounting format will automatically insert the parenthesis.

Intelligent Automation In Finance & Accounting: Guide For 2023

Managing finance and accounting processes can be complex and labor-intensive. To avoid dangerous financial mishaps that can threaten the stability of a company, manual errors should be minimized.

By combining artificial intelligence (AI) and robotic process automation (RPA), intelligent automation can help businesses automate end-to-end finance processes, thereby increasing their efficiency, lowering error possibilities, and allowing staff to spend their time on more value-added tasks.

In this article, we’ll explore 4 use cases for intelligent automation in finance and accounting with 3 example case studies.

1. Accounts Receivable & Accounts Payable

Managing accounts receivable (AR) and payable (AP) processes manually is inefficient, error-prone, and can result in delayed payments to vendors, liquidity shortages through short term miscalculations, and dissatisfied employees because of delayed invoice clearances.

AI-powered intelligent bots can:

For AP processes:

Keep track of vendor data and transactions,

Capture data from invoices of different formats with intelligent document processing,

Cross-check invoices against purchase orders,

Route documents to relevant staff for exception handling,

Check for fraudulent documents.

For AR processes:

Auto-generate invoices,

Keep track of days-sales-outstanding (DSO),

Send reminders to customers on the due date in the form of emails with attached payment links

Process payments

Automatically reconcile the balance sheets once payments have been received.

You can also check our articles on accounts payable (AP) automation and accounts receivable (AR) automation.

2. Intercompany Reconciliations (ICR)

Extract and consolidate transactions data from different business systems,

Search for related statements in ERP systems,

Compare balances and send alerts to relevant staff in case of discrepancies,

Create journal entries.

Feel free to check our article on intercompany accounting automation.

3. Reporting

Financial departments prepare several reports regularly, such as quarterly financial statements or profit and loss statements. Error-free and on-time reporting is critical since these reports indicate an organization’s market status and compliance with regulations, as well as serve as a basis for its forecasts. NLP-powered intelligent bots can:

Identify and collect business data from business systems and documents,

Input collected data into designated documents,

Perform necessary manipulations to data,

Generate reports, save them, and send them to relevant staff.

We have articles on financial reporting automation and RPA for reporting. Feel free to check.

4. Financial Planning & Analysis

Aggregate and consolidate data,

Analyze trends in the market,

Perform forecast analysis,

Compare results with forecasts to improve forecast accuracy.

Case studies

Feel free to read our article on intelligent automation case studies. Some example case studies include:

Tech Mahindra

Problem: Tech Mahindra is a technology service and consulting company with customers around the globe. The company had 15 full-time employees that manually process thousands of invoices with more than a thousand different formats each month.

Solution: The company implemented an intelligent automation solution to automate extracting data from invoices, classifying data, and updating the relevant business systems.

Result: The company reduced the average handle time of invoices by 85% and saved more than 19000 hours annually.1

Avinor

Problem: Avinor is a state-owned Norwegian airport operator with 3000 employees. The company serves over 50 million passengers and processes more than 100,000 invoices each year. They were reviewing, booking, and approving these invoices almost manually, which is error-prone and repetitive.

Result: The bot helps process 100,000 invoices each year, speeding up processes by 90% on average.2

For more on intelligent automation

Feel free to explore intelligent automation use cases with our comprehensive article.

If you want to implement intelligent automation in your business, we have a data-driven list of intelligent automation solution providers. If you have other questions, we can help:

Sources

1, 2

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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Workday In Excel (Formula, Examples)

WORKDAY Function in Excel (Table of Contents)

WORKDAY in Excel

Workday function in excel returns the Date, which is the official working day from the date which we feed into the syntax. This is quite useful for getting what would the working day date after selective day counts. As per syntax, we just need to select the date from which we need to count the number of the working day, then select how many days we need to count, and if there is any week off, we have optional. If we select today’s date with 5 days and 2 weeks off days, we will get the date of the same weekday.

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WORKDAY Formula in Excel:

Below is the WORKDAY Formula in Excel.

Explanation of WORKDAY Formula in Excel

A WORKDAY Function in Excel includes two mandatory parameters and one optional parameter.

Start_date: “Starting date of the project or any work”.

Days: The total number of days required to complete the work or project. This does not include weekends (Saturday and Sunday).

[Holidays]: This is an optional parameter. This section asks whether the days you have mentioned include any holidays. For this, you need to make a list of holidays separately.

WORKDAY Function in Excel by default excludes Saturday and Sunday as weekend days. If at all you need weekends for any other day, you can use chúng tôi function. For example: In the Middle East region, weekend days are Friday & Saturday. In these cases, we can use chúng tôi function instead of a normal WORKDAY Function in Excel.

How to Use WORKDAY Function in Excel?

You can download this WORKDAY Function Excel Template here – WORKDAY Function Excel Template

Example #1

Using the WORKDAY Function in excel, we can generate a series of dates even though we can generate by using the drag and drop option.

Step 1: Enter the one date on cell A2 as 12/Nov/2023.

Step 2: Now, in cell A3, apply the WORKDAY Function as shown in the below image.

=WORKDAY(A2,1)

The above formula takes the cell A2 as a reference and increases the date by 1.

Step 3: Drag the formula until cell A18.

Look at the formula here; 12/Nov/2023 is on Monday; we are increasing the day by 1. When we drag the formula, it will increment the date by 1 until 16/Nov/2023. If you drag one more time, it will jump to 19/Nov/2023 and excludes 17/Nov/2023 and 18/Nov/2023; those are weekends.

Similarly, in the next week, workdays are from 19/Nov/2023 to 23/Nov/2023, and weekends are 24/Nov/2023 and 25/Nov/2023.

Example #2

The project starting date and project duration date calculate the project ending date by using a WORKDAY Function in Excel.

Note: No holidays apply to these projects.

Step 1: Copy and paste the above data to an excel sheet.

Step 2: Apply the WORKDAY Function in column C starting from cell C2.

=WORKDAY(A2,B2)

Result is :

Example #3

Consider the above example data for this also. But here, the list of holidays is available to estimate the project ending date.

The list of holidays are:

Apply the same formula as shown in example 2, but here you need to add one more parameter, i.e. holidays.

=WORKDAY(A2,B2,$G$2:$G$21)

Result is :

Example 2 vs Example 3:

Now we will see the difference between the two examples.

In the second example for the first project-ending date is 8/8/2023, and there is one holiday, for example, 3, so the ending date increased by 1 day.

For the second project, the ending date is 30/01/2023, for example, 2 and example 3; there 5 holidays, so the ending date increased by 7 days because of the in-between weekend.

Example #4

Assume you are working in the Accounts Receivable team; you have a list of invoices and due dates against those invoices. You need to find the due days for those invoices.

=WORKDAY(A2,B2)

Result is :

Initially, the result looks like serial numbers. We need to change our formatting to make it correct.

Step 1: Select the entire range.

Step 2: Now press ctrl +1. It will open up a formatting dialogue box.

Step 4: Your result looks like the below one.

Things to Remember

If you want to use different weekends other than Saturday and Sunday, use chúng tôi function.

We can use only numeric values for the day’s argument.

The date and days should be accurate otherwise;, we will get the error as #VALUE!

If the date includes time, then the formula considers only the date portion and ignores the time portion.

If you supply decimal numbers, a formula will round down the value. For example: if you supply 10.6 days, then the formula treats this as 10 days only.

Index Match Functions In Excel

In this tutorial, we’ll dive into the powerful Excel INDEX and MATCH functions, which are essential for manipulating and analyzing large sets of data.

We’ll start by exploring what these functions do and how they retrieve specific information from a table, and then we’ll write INDEX and MATCH formulas together as an alternative to the VLOOKUP formula.

We’ll also cover some practical use cases for INDEX and MATCH formulas.

Note: if you have Excel 2023 or later, or Microsoft 365 you should use the XLOOKUP function as this is easier and potentially more efficient.

Watch the INDEX and MATCH Video

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How the INDEX function works:

The INDEX function returns the value at the intersection of a column and a row.

The syntax for the INDEX function is:

=INDEX(

reference

row_num

[column_num]

, [area_num])

In English:

=INDEX( the range of your table, the row number of the table that your data is in, the column number of the table that your data is in, and if your reference specifies two or more ranges (areas) then specify which area*)

*Typically only one area is specified so the area_num argument can be omitted. The examples below don’t require area_num.

INDEX will return the value that is in the cell at the intersection of the row and column you specify.

For example, looking at the table below in the range B17:F24 we can use INDEX to return the number of program views for Bat Man in the North region with a formula as follows:

=INDEX(

B17:F24

)

The result returned is 91.

On its own the INDEX function is pretty inflexible because you have to hard key the row and column number, and that’s why it works better with the MATCH function.

Note: You may have noticed that the INDEX function works in a similar way to the OFFSET function, in fact you can often interchange them and achieve the same results.

How the MATCH function works:

The MATCH function finds the position of a value in a list. The list can either be in a row or a column.

The syntax for the MATCH function is:

=MATCH(

lookup_value

lookup_array

[match_type]

)

Now I don’t want to go all syntaxy (real word 🙂 ) on you, but I’d like to point out some important features of the [match_type] argument:

The match_type argument specifies how Excel matches the lookup_value with values in lookup_array. You can choose from -1, 0 or 1 (1 is the default)

[match_type] is an optional argument, hence the square brackets. If you leave it out Excel will use the default of 1, which means it will find the largest value that is

0 will find the first value that is exactly equal to the lookup_value. The values in the lookup_array can be in any order.

Ok, that’s enough of the syntax.

In English and using the previous example:

=MATCH(

find what row Bat Man is on

in the column range B17:B24

match it exactly (for this we'll use 0 as our argument)

)

The result is row 2.

We can also use MATCH to find the column number like this:

=MATCH(

find what column North is in

in the row range B17:F17

match it exactly (again we'll use 0 as our argument)

)

The result is column 3.

So in summary, the INDEX function returns the value in the cell you specify, and the MATCH function tells you the column or row number for the value you are looking up.

INDEX MATCH Together:

The INDEX and MATCH functions are a popular alternative to the VLOOKUP. Even though I still prefer VLOOKUP as it’s more straight forward to use, there are certain things the INDEX + MATCH functions can do that VLOOKUP can’t. More on that later.

Using the above example data we’ll use the INDEX and MATCH functions to find the program views for Bat Man in the East region.

=INDEX(

the range of your table

replace this with a MATCH function to find the row number for Bat Man

replace this with a MATCH function to find the column number for East

)

The formula will read like this:

=INDEX(

return the value in the table range B17:F24 in the cell that is at the intersection of

, MATCH(

the row Bat Man is on

) and, MATCH(

the column East is in

)

The formula looks like this:

=INDEX(

$B$18:$F$24

,MATCH(

"Bat Man",$B$18:$B$24,0

), MATCH(

“East”,$B$17:$F$17,0

))

So why would you put yourself through all that rigmarole when VLOOKUP can do the same job.

Reasons to use INDEX and MATCH rather than VLOOKUP

1) VLOOKUP can’t go left

Taking the table below, let’s say you wanted to find out what program was on the Krafty Kids channel.

VLOOKUP can’t do this because you’d be asking it to find Krafty Kids and then return the value in column B to the left, and VLOOKUP can only look to the right.

In comes INDEX and MATCH with a formula like this:

=INDEX($B$33:$B$40,MATCH("Krafty Kids",$C$33:$C$40,0))

And you get the answer; ‘Mr Maker’.

Notice only the Programs column (B) was referenced in INDEX’s array argument? This means we can omit INDEX’s column number argument as there’s only one column in the INDEX array.

2) Two way lookup

The table below has a drop down list in B1 that enables me to choose the Sales Person from the table, and a drop down list in A2 for the region. In B2 I’ve got an INDEX + MATCH formula that returns the sales that match my two criteria.

=INDEX(A4:J10,MATCH(A2,A4:A10,0),MATCH(B1,A4:J4,0))

Note: An alternative is to use a VLOOKUP and replace the hard keyed column number with a MATCH formula like this:

Ways to improve these formulas:

1) Use named ranges instead of $C$33:$C$40 etc. to make formulas more intuitive and quicker to create.

2) An alternative to using a named range is to convert the data to an Excel Table whereby Excel automatically gives the table a named range.

3) If there is nothing else in the columns other than your table you could use column references like this C:C which will search the whole column.

Weekday As A Number In Javascript?

In this article, we are going learn about the weekday as a number in JavaScript with appropriate examples.

To get the weekday as a number, JavaScript has provided getDay() method. The getDay() is a method from Date object. The getDay() method returns a value between 0 to 6. For example, Sunday = 0, Monday =1, Tuesday =2, Wednesday = 3 and so on.

To get a better understanding, let’s look into the syntax and usage of getDay() method in JavaScript.

Syntax

The syntax for getDay() method is −

dateObject.getDay();

Where, dateObject is an object created from date. This method returns a number between 0 to 6 (0 – Sunday, 1 – Monday, 2 – Tuesday, 3 – Wednesday, 4 – Thursday, 5 – Friday, 6 – Saturday).

Example 1

This is an example program to get the weekday of the current date as a number in JavaScript using getDay() method.

i.e. 0 – Sunday 1 – Monday …. 6 – Saturday . const date = new Date(); const day = date.getDay(); document.getElementById(“output”).innerHTML = ‘Week day as a number for the date : ‘ + date + ‘ is : ‘ + day;

On executing the above code, the following output is generated.

Example 2

This is an example program to get the weekday of the user-mentioned date as a number in JavaScript using getDay() mehod.

i.e. 0 – Sunday 1 – Monday …. 6 – Saturday . const date = new Date(“January 4 2001 04:04:04”); const day = date.getDay(); document.getElementById(“output”).innerHTML = ‘Week day as a number for the date : ‘ + date + ‘ is : ‘ + day;

On executing the above code, the following output is generated.

Example 3

This is an example program to define a user defined function that is based on Zeller’s congruence to get weekday as a number in JavaScript.

i.e. 0 – Sunday 1 – Monday …. 6 – Saturday . var dd,mm,yyyy; function calculateDay(dd, mm, yyyy) { const weekday = [“Sunday”, “Monday”, “Tuesday”, “Wednesday”, “Thursday”, “Friday”, “Saturday”]; const indexes_of_weekday = [0,1,2,3,4,5,6]; if (mm< 3) { mm += 12; yyyy–; } var h = (dd + parseInt(((mm + 1) * 26) / 10) + yyyy + parseInt(yyyy / 4) + 6 * parseInt(yyyy / 100) + parseInt(yyyy / 400) – 1) % 7; return indexes_of_weekday[h]; } var day = calculateDay(23,06,2023); document.getElementById(“output”).innerHTML = ‘The day is : ‘ + day;

On executing the above code, the following output is generated.

How To Check Whether A Number Is A Unique Number Or Not In Java?

Unique number can be defined as a number which does not have a single repeated digit in it. Simply it means all the digits of that number are unique digits, no duplicate digits are there in that number.

In this article we will see how to check whether a number is a unique number or not by using Java programming language.

To show you some instances Instance-1

Input number is 145

Let’s check it by using the logic of unique number −

The digits are 1, 4, 5, all are unique digits.

Hence, 145 is a unique number.

Instance-2

Input number is 37

Let’s check it by using the logic of unique number −

The digits are 3, 7, all are unique digits.

Hence, 37 is a unique number.

Instance-3

Input number is 377

Let’s check it by using the logic of unique number −

The digits are 3, 7, 7 all are not unique digits.

Hence, 377 is not a unique number.

Some other examples of unique numbers include 132, 1, 45, 98, 701, 5, 12, 1234 etc.

Algorithm Algorithm 1

Step 1 − Get an integer number either by initialization or by user input.

Step 2 − Take an outer while loop and get the rightmost digit.

Step 3 − Take another inner while loop to compare the rightmost digit of step-1 with the leftmost digits. If at any point digits match, the given number has repeated digits. Hence print the given number is not unique and repeat step-2 and step-3 till step-2 covers each digit of the number.

Step 4 − At last, if no matches are found then print the given number is unique.

Algorithm 2

Step 1 − Get an integer number either by initialization or by user input.

Step 2 − Take one outer for loop to iterate each digit one by one.

Step 3 − Take an inner for loop and compare the leftmost digit of outer for loop with all rightmost digits of inner loop. If at any point digits matches means the given number has repeated digits. Hence print the given number is not unique and repeat step-2 and step-3 till step-2 covers each digit of the number.

Step 4 − At last, if no matches are found then print the given number is unique.

Multiple Approaches

We have provided the solution in different approaches.

By Comparing Each Digit Manually

By Using User String

Let’s see the Java program along with its output one by one.

Approach-1: By Comparing Each Digit Manually

In this approach one integer value will be initialized in the program and then by using the Algorithm-1 we can check whether a number is a unique number or not.

Example

public

static

void

main

(

String

[

]

args

)

{

int

originalNumber

123

;

System

out

println

(

“Given number: “

originalNumber

)

;

int

copyOfOriginalNumber

originalNumber

;

int

count

;

int

digit

originalNumber

;

originalNumber

;

int

temp

originalNumber

;

(

temp

digit

)

{

count

;

break

;

}

temp

;

}

(

count

)

{

System

out

println

(

copyOfOriginalNumber

” is a unique number”

)

;

}

else

{

System

out

println

(

copyOfOriginalNumber

” is not a unique number”

)

;

}

Output Given number: 123 123 is a unique number Approach-2: By Using String

In this approach one integer value will be initialized in the program and then by using the Algorithm-2 we can check whether a number is a Peterson number or not.

Example

public

static

void

main

(

String

[

]

args

)

{

int

originalNumber

7890

;

System

out

println

(

“Given number: “

originalNumber

)

;

int

count

;

String

Integer

toString

(

originalNumber

)

;

int

length

(

)

;

for

(

int

;

length

–

;

)

{

for

(

int

;

length

;

)

{

(

charAt

(

)

charAt

(

)

{

count

;

break

;

}

(

count

)

{

System

out

println

(

originalNumber

” is a unique number”

)

;

}

else

{

System

out

println

(

originalNumber

” is not a unique number”

)

;

}

Output Given number: 7890 7890 is a unique number

In this article, we explored how to check a number whether it is a unique number or not in Java by using different approaches.

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