Financial modelling, Modano financial models and Excel spreadsheets
In some financial models, such as cash payments spreadsheet, there is an inherent need to safeguard unique invoice number inputs.
Put simply, spreadsheet must be prevented from inputting duplicate cell values. Excel Data Validation is a fast, effective and macro-free solution, which will improve the financial model and prevent erroneous, duplicate input cells.
Here is a simple macro-free alternative to Excel Data Sort, which will seamlessly sort data in a financial model or spreadsheet.
A Precedent Drop-down list, like a dependent drop-down list, is a robust tool to incorporate in a best practice financial model, because it will restrict user inputs based on a previous drop-down list.
The use of Excel Styles to create dynamic color coding in business planning, is a great way to achieve uniform, robust and seamless color formatting. Once implemented, the spreadsheet user can quickly modify the Style (i.e. fill color), as opposed to cycling through the entire workbook and changing each instance of the color format.
The Excel Fill Handle can increase accuracy, efficiency and speed of a data input series across integer, date and other cell formats.
The Excel Fill Handle, along with the drag-and-drop editing, are helpful apparatus for seasoned financial professionals. By hovering the mouse over a cell or range of cells, a financial modeller can copy a cell or range of cells in a few time-saving ways. Additionally the fill handle can fill adjacent cells with a series of data, not to mention cell styles or cell formats.