John Michaloudis’ Post

Free Opportunity Cost Calculator in Excel Top 4 Key Takeaways from this blog tutorial: 1. Opportunity cost is crucial in financial planning, serving as a guide to making the most out of limited resources like time and money. 2. For investors, calculating opportunity cost is vital for strategic planning, helping to illuminate the potential long-term impacts of their choices. 3. An effective Opportunity Cost Calculator features simplicity, flexibility, accuracy, comparative functionality, and incorporates the time value of money. 4. Utilizing Excel for financial analysis, especially concepts like opportunity cost, enhances accuracy and saves time through functions like FV, PV, NPV, RATE, NPER, and PMT. Read our Free Step-By-Step Blog tutorial which has a downloadable practice workbook and video. Click the link below 👇👇👇 https://lnkd.in/dvjThTAn 👍 Give us LIKE if you learned from this article ✍️ COMMENT below if you need any questions answered or enjoyed this article 🔄 Share the love with your friends/colleagues by REPOSTING this article with them 👉 CONNECT WITH ME https://lnkd.in/dzSe3_5a for more Free Excel & Office productivity tips #excel #msexcel #microsoftexcel #careerdevelopment #exceltips #exceltipsandtricks #excel101 #worksmarter #followformore #MyExcelOnline

10 Ways to Structure Your Workbook Effectively for Financial Modeling according to the FAST Framework 1. The workbook should be divided into 4 functional groups namely foundation, working, presentation, and control. The foundation comprises of input sheet, timing flags, indexation factors, etc. Working includes all the worksheets containing calculations using foundation sheets leading to results. Presentation, as the name suggests, includes all the sheets that represent final data based on the working worksheets. Control includes check sheets, change tracking sheets, a list of pending changes, version history, etc. (This can further be distinguished by giving different colors to each sheet which will be reflected in the sheet tab.) 2. Ensure uniform column structure and consistent time intervals across all worksheets (as far as possible) to ensure clarity. 3. Linking the sheets is a good practice but “daisy links” are to be avoided. Daisy links are linking an already linked cell. This makes it time-consuming to locate the original calculation. 4. A particular calculation needs to be done only once in the entire model. Rest, the original calculation can be linked multiple times. 5. A clear distinction should be made between inflows and outflows. Inflows to be recorded as a positive figure and outflows as a negative figure. 6. Avoid iterative calculations leading to circularity in the workbook. For instance, circularity is observed in debt repayment. 7. If timing logic is simple, the “Timing and Escalation sheet” should contain all the time flags and indexation factors. 8. The working sheet should be functionally subdivided. 9. Minimize interlinking between sheets. 10. Avoid splitting the model into multiple workbooks. #FinancialModeling #FASTFramework #ExcelTips #Workbooks #ModelStructure #ModelingBestPractices #ExcelModeling

So I want to answer them for free: 🤓 The key tools for financial forecasting include budgeting software, spreadsheets like Excel, and sometimes, specialized forecasting software. 📊 Predicting sales? It's part art, part science – analyzing past trends and market conditions is crucial. 📈 For accuracy, combine quantitative methods with qualitative insights from your industry experience. Want to dive deeper into forecasting? Comment ACADEMY below for FREE access to our Growth Academy! 🚀 #FinancialForecasting #BusinessGrowth #TriumphCoaching

💸𝟏 𝐇𝐎𝐔𝐑 𝐓𝐎 𝐆𝐎 𝐅𝐎𝐑 𝐓𝐇𝐄 𝐈𝐍𝐂𝐎𝐌𝐄 & 𝐄𝐗𝐏𝐄𝐍𝐒𝐄 𝐁𝐔𝐃𝐆𝐄𝐓 𝐈𝐍 𝐄𝐗𝐂𝐄𝐋 𝐓𝐑𝐀𝐈𝐍𝐈𝐍𝐆 https://lnkd.in/gTF-PY5d 🎉 The final countdown is on, Excel fans! Just 1 hour until we dive into my step-by-step training on building an amazing Income & Expense budget template in Excel! ⏰🌟 Brace yourself for: 🔍 1-Click Filters 📊 A fantastic Mini-Dashboard 🔧 Built From Scratch 💸 Unlimited Transactions Don’t miss out—set your reminders and join me for some serious Excel fun! 🗓️ CHECK MY PRODUCTS AND COURSES HERE: https://lnkd.in/ggHdjhbg #vba #budget #FreeBudgetTemplate #ExcelBudgetTemplate #IncomeExpenseBudget

How to Use Excel Rate Function for Interest Calculations Top 5 Key Takeaways from this blog tutorial: 1. Foundational Finance: Interest calculations are fundamental to financial analysis, influencing decisions on loans, savings, and investments. 2. Syntax Simplified: Understand the components of the RATE function, from periods to present value, in a straightforward syntax breakdown. 3. Practical Application: Learn to use RATE with step-by-step examples, from calculating loan interest to determining savings growth. 4. Troubleshooting Tips: Address common errors and ensure accurate results by troubleshooting issues like #NUM! and #VALUE! errors. 5. Advanced Insights: Explore advanced applications, such as analyzing investment returns with precision and comparing RATE with related Excel tools. Read our Free Step-By-Step Blog tutorial which has a downloadable practice workbook and video. Click the link below 👇👇👇 https://lnkd.in/dFxTwCNu 👍 Give us LIKE if you learned from this article ✍️ COMMENT below if you need any questions answered or enjoyed this article 🔄 Share the love with your friends/colleagues by REPOSTING this article with them 👉 CONNECT WITH ME https://lnkd.in/dzSe3_5a for more Free Excel & Office productivity tips #excel #msexcel #microsoftexcel #careerdevelopment #exceltips #exceltipsandtricks #excel101 #worksmarter #followformore #MyExcelOnline

Today, I will discuss the critical first step of budgeting: auditing formulas and ensuring our budgeting tool is error-free. Research shows up to 80% of our workbooks contain formula mishaps. Whether it's Excel, Google Sheets, or another spreadsheet system, formula accuracy is paramount for informed decision-making. Don't overlook this vital first step in your budgeting process! #Budgetingtips #Chief_future_officer #Cashflow #Numbersstrategy

As data volumes and complexity continue to rise, many financial professionals are finding their reliance on spreadsheets increasingly limiting. In fact, a recent Nucleus Research survey shows that 50% of Excel users are considering migrating to more advanced analytics tools. https://lnkd.in/dtbZ7vBH Are you spending more time managing data than analyzing it? If you’re still pushing rows and columns in spreadsheets, it might be time to explore the power of automated analytics. In the latest e-book, you'll discover: 1. The negative impact of spreadsheet dependency 2. How modern analytics tools can help you accelerate insights 3. Real-world examples of automated solutions transforming the office of finance Don't let data overwhelm you. Download the e-book now and learn how automated analytics can save your team time and energy, driving better decisions and helping your career thrive. #SlipstreamData #FinanceAnalytics #DataAutomation #ModernFinance #AnalyticsTools #Alteryx #DataDriven #FinanceTransformation #Ebook

Today we are highlighting an important feature of our Excel models: the Development Budget tab. This allows for precise control over the timing of each specific line item and provides the flexibility to choose the most appropriate calculation method, whether it be fixed, $/sf, $/unit, or percentage (%). Enhance your budgeting process with this powerful functionality. #ExcelModels #FinancialModeling #DevelopmentBudget #TopShelfModels

How Many Days is 2 Months? Excel Formula Calculator Convertor Top 4 Key Takeaways from this blog tutorial: 1. Excel allows for an accurate calculation of the days spanning exactly two months, considering all peculiarities like leap years and months of varying lengths. 2. Understanding the Day Equivalent of Months is Crucial. It unlocks the ability to accurately plan schedules and financial forecasts, ensuring precision in project timelines and fiscal calculations. 3. Function offers a straightforward method to calculate the duration between two dates in years, months, or days, serving as an essential tool for various time-sensitive assessments. 4. By identifying the last day of any given month with precision, EOMONTH aids in setting up deadlines, invoicing cycles, and project milestones effectively. Read our Free Step-By-Step Blog tutorial which has a downloadable practice workbook and video. Click the link below 👇👇👇 https://lnkd.in/dRHif8sS 👍 Give us LIKE if you learned from this article ✍️ COMMENT below if you need any questions answered or enjoyed this article 🔄 Share the love with your friends/colleagues by REPOSTING this article with them 👉 CONNECT WITH ME for more Free Excel & Office productivity tips #excel #msexcel #microsoftexcel #careerdevelopment #exceltips #exceltipsandtricks #excel101 #worksmarter #followformore #MyExcelOnline

Hello everyone, While I could not post a video yesterday, I wanted to share a quick teaching session on some essential Excel formulas that you will need for the upcoming Monthly Budget Tracker project. These formulas will help you track, calculate, and analyse your income and expenses effortlessly. 1. SUM Formula: Use this to calculate the total of a range of numbers quickly. 2. AVERAGE Formula: Find the average of a range of numbers. 3. IF Formula: Add logic to your tracker with this formula. 4. MAX and MIN Formulas: Identify the highest and lowest values in a range. 5. TEXTJOIN: Combine data from multiple cells into a single cell with a specific delimiter (",", " ", etc.). These simple formulas are the backbone of any effective budget tracker. You can play around with them, and let me know in the comments, which formula you find most useful. I will share the video where we put all these formulas into action to build a dynamic tracker in my next video. Until then, happy learning! #monthlybudgettracker #budgettracking #dataanalysing #moneymanagement #financialgoals #trackingincomeandexpenses #financialplanning