Practical Accounting, Finance & Business Analysis
Using Google Sheets Last in, First out methodology The LIFO methodology assumes that items bought last will be sold first. LIFO holds true when inventory are kept in stacks; thus, the first one sold should be the last one acquired. Using this method, causes that last prices become your cost of goods sold, and older…
Using Google Sheets Average Cost Calculation The average-cost method allocates the cost of goods available for sale on thebasis of the weighted-average unit cost incurred for a given period. Several businesses use this methodology when inventory units are similar in nature. Note, the calculated average does not refer to a per unit cost only; instead,…
Using Google Sheets function SYD( ) To setup a Sum of the Years Depreciation Schedule for your fixed assets, you need to list your assets (column A). Then, include the item’s cost (column B), include each asset’s useful life in years (column C). Last, determine any residual value (optional), if not include $0 (column D)….
Using various SUM formats Using SUM( ) The sum function adds values based on a selected range. Example A, shows the total from cells E6 to E9. The syntax is shown as =SUM(E6:E9). You can achieve the same by adding each value individually, like =E6+E7+E8+E9. However, when the list consists of various hundred or thousand…
Basic Math Operators Although Google Sheets has several functions, all start by using the basic math operators to understand the power of this spreadsheet. This post only covers the basic math operators for your understanding, I will post more on more advance features of Sheets. Before any operator or function Both Google Sheets and Microsoft…
This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. What is a credit score? A composition of values being reported by lenders that gets weighted based on five categories, and a three-digit number is calculated. This calculated number becomes your credit score. Easy, right?…
This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. Why a Personal Budget? A personal budget serves as a plan to properly allocate the amounts of money that you have or receive into the savings, costs, and expenses of your life. Please note that…
This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. For many of us, opening a bank account is our first formal financial transaction. Before that, we all paid with cash, and most of the time it was for miscellaneous things and not too expensive….