Many companies use Excel as a tool to analyze data from an ERP system or other third-party system. Examples of this may be the analysis of the profit and the coverage analysis. Data is typically exported to Excel and then analyzed the using of the many things formatting and formula options.
Another example is cash flow analyzes primarily built in Excel, where there is great potential with formulas and flexibility to change the report.
Reasons for building accounting reports in Microsoft Excel
You have great reporting capabilities of Microsoft Excel. You can just click a button to add a chart or a pie chart to show the report in different ways. It makes excel very strong!
We advise customers to use Microsoft Excel 2007 or 2010 because of the additional reporting questionnaire facilities in these versions.