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All the Accounts you set up for your business is called a Chart of Accounts. Recording your business financial transactions (Journal Entries) can be executed with pen and ink on an accounting columnar pad or electronically with your computer using a spreadsheet program (MS Excel Open Office Star Office). Whether you employ electronic or hardcopy media you need to develop a simple Journal template to create your Business Synoptic Journal. This Synoptic Journal format has the advantage of allowing you a complete view of all your individual journal entry transactions against all your various Business Accounts.
How do they compare to project management software? What are the benefits of each and when should you make the switch to project management software? While only you can make the determination as to when you should make the switch this article will walk through the benefits of each and provide some guidelines. Depending on which research you rely on the market for project management software is between $1.5 billion and $3.5 billion. That is for software that is specifically designed to support project management. Most organizations that have made significant efforts towards effective project management have recognized that it is very difficult to manage a greater number of projects and people or a larger project without the support of technology.
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The use of color in your spreadsheet is an extremely important consideration. Color can help emphasize particularly important data and separate it from the rest of your information. Spreadsheets that feature a lot of accounting data often use red to show failing areas and green to signify profiting ones. Choose your color schemes wisely as you do not want to obscure the data presented in the cells. Black type on a dark burgundy background would not make for easy reading just as white type on a fuscia background would not make for a pleasant experience either. Try pastels as they are easier on the eyes and allow for an easy read.