When you create an Excel file that handles inputs it is best practice to colour code the input cells. The colour you choose isn’t important but making sure you use it consistently is. You may need to unlock the input cells if you plan to add sheet protection to the file. Here’s a couple of ways to do that.
In July 2019 following on from the response and feedback from my June webinar, I covered more financial functions. These are more related to comparing and analysing cash flows. I have also included a couple of requested schedules.
This session will cover the following functions
NPV – Net Present Value of regular cashflows (learn to trick to using it correctly)
XNPV – Net Present Value of irregular cashflows
IRR – Internal Rate of Return of regular periodic cashflows
XIRR – Internal Rate of Return of irregular periodic cashflows
Discounted Payback period schedule
Flexible Loan schedule – handles lump sum payments
As with all my sessions, I will throw in a few other shortcuts along the way.
One of the cardinal rules of Excel is don’t key-in a value into a formula if that value could change. Tracking the value down could be problematic if you need to change the value. Tables can be the solution to avoiding keyed-in values.
In some cases you may have to make manual inputs across multiple cells that are spread across a sheet. Before making the entries you need to clear the existing entries. Creating a range name can make that process much quicker.
Inserting a Comment (renamed to Notes in newer versions of Excel) in the first row and then using Freeze Panes to keep that first row visible can cause issues displaying the Comment (Note). Here’s how to fix it.