Helping finance professionals master FP&A, Excel, data, and CFO advisory services through learning experiences, masterminds, training + community | Adjunct Professor in Data Analytics | Microsoft MVP
This isn't fancy. And most AP systems should be able to do this. But if you're going to use Excel or Google Sheets for working capital management, I strongly encourage using dynamic references and arrays. Here's how to understand the formula: [@[Days_Aged]] references the row within the dynamic range below the Days Aged header. [@[Terms (Days)]] references the row within the dynamic range below the Terms (Days) header. I can then use a basic calculation to determine whether the days aged are greater than the term days. In this simple example, which I shared in this week's lightning lesson, I'm referencing a dynamic range, instead of referencing a static reference. Why? Because pointing to dynamic table ranges allow you to reference an always-expanding vertical array. You can bet that you're doing to have more invoices. And you can bet that more invoices will be cleared. This approach ensures that my business model is better positioned to scale.
Novah Bunio, CPA
7mo
Great tip! Using dynamic references and arrays in Excel or Google Sheets is essential for efficient working capital management. It helps ensure your system scales smoothly as your invoice volume grows. Thanks for sharing!
Helping PE portfolio businesses achieve more accurate forecasting and streamlined reporting with Financial Modelling and Managed FP&A. Managing Director @ Alessian
7moNice demo Carl, and with the blank row 14 to keep the totals dynamic if you need to expand the range.