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It is easier to change things at this stage than when the spreadsheet is well underway. 3/ Provide Adequate Help There are lots of ways to provide help. It could be a heading or title that describes what the spreadsheet is or does a comment in a cell information that is associated with data validation information in a text box a separate worksheet or even separate documentation. The amount of help provided will be determined by how intuitive to use the spreadsheet is and also by the answer to that first question Who is going to use the spreadsheet? 4/ Separate Data Entry from Results Areas of the spreadsheet for data entry should be kept separate from the areas that provide results of calculations.
Cell Options If you look under the "Format Cells" menu that appears when you right-click on a cell or selected cells you ll see a multitude of choices as far as borders colors patterns and number options for your cells. Borders should be used to contain your data within the cells and provide nice straight lines for your readers to follow. You can emphasize headings with thicker point borders or even dashed or dotted lines. Try to remain consistent throughout your spreadsheet. If all of the headings have a three point border than continue that throughout the document.
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In other words there is no cookie cutter approach because each potential investment has different profit and loss drivers. One of the first things to consider is what kind of data you have to work with in your cash flow template Excel spreadsheet. Ideally you re looking for accurate monthly data including income statement items like revenue and operating expenses and balance sheet items like equipment purchases and cash from financing activities. If you have a longer time frame you can go with quarterly periods but annual tends to be too long. After all how can you predict what is going to happen beyond 5 years with any accuracy unless you re valuing an annuity? Next how much detail do you need in your cash flow template Excel spreadsheet at the individual line item level? Is cash from financing sufficient or do you need equity financing debt financing interest earned etc.