Excel Error Solving

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Excel error solving tool

Busy office environments where phones ring all the time, colleagues chat while workers attempt to input data, and where the workflow is disrupted by incoming emails, spreadsheet mistakes happen all the time. EffectiveExcel error solving solutions are required as many of the incorrect data entries and formulas go unnoticed for long periods. When auditing is done, locating the mistakes can become a mission in itself.

Under the above circumstances a worker can easily skip an entry or make duplicate entries. More than 90% of spreadsheets have incorrect entries embedded in them. Not only auditors are aware of the possibility of mistakes in the spreadsheets, but also workers attempting to hide fraud. Effective Excel error solvingmethods should be applied throughout the input process and should form an integral part of the auditing process.

False presentation of data, fraud, and extreme financial losses can all be prevented through adequate training of staff, ensuring that control systems are in place and through the use of Spreadsheet Professional for Excel error solving.

It cannot be expected of auditors to pick up every mistake or incorrect formulas, but they must take reasonable steps to ensure accuracy of information. Spreadsheet Professional makes the task of the auditor so much easier since it includes several useful tools such as:

• Duplicate entry location.
• Fuzzy duplicates identification.
• Correcting misspellings.
• Locating discrepancies in data entries.
• Making comparisons of lists possible.
• Identifying formula mistakes.
• Providing detailed reports.

Security

Access to files should be limited to specific persons in the company to ensure adequate control and the spreadsheets should be saved on a secure server. Password protection should be applied to protect formulas from being changed. Taking these steps will limit fraud.

Mistakes do happen

Even with security in place, you still need an effective tool such as Spreadsheet Professional. The package also addresses security issues to prevent fraud. Visit our Spreadsheet Professional page to learn about theExcel error solving features of the software.