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The horrors of budgeting – can it get easier?

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#budgeting

#budgetmodel

#budgetplans

Dynamics 365 Finance

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Jan 26, 2024

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  • The article highlights that nine out of ten documents generated by business calculators contain errors, with most of these errors being caused by human factors.
  • The use of calculating software, such as Microsoft Excel, also poses the risk of human error in calculations, such as entering wrong numbers or copying incorrect amounts.
  • The article questions whether these calculators, including Microsoft Excel, truly do not cause any additional difficulties in budgeting.
  • Despite its many great functionalities, Excel faces certain difficulties in the context of budgeting.
  • The article does not provide specific examples of the difficulties faced while budgeting with Excel.
  • The article raises the question of whether Microsoft Excel is the best tool for budgeting.
  • The article does not provide a definitive answer to the question of whether Excel is the best tool for budgeting.
  • The article suggests that human error can be easily avoided in budgeting calculations by utilizing tools other than Excel.

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