Carl Seidman, CSP, CPA’s Post

View profile for Carl Seidman, CSP, CPA, graphic

Helping finance professionals master data, FP&A and CFO advisory services through learning experiences, masterminds, training + community | Adjunct Professor in Data Analytics | Course Creator | Advisor | 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.

Tariq Baha

Financial modelling and FP&A for PE portfolio companies. On a mission to support businesses to make smarter decisions. Follow me for posts on best-practice financial modelling, FP&A, and Excel tips.

4mo

Nice demo Carl, and with the blank row 14 to keep the totals dynamic if you need to expand the range.

Novah Bunio, CPA

XERO & QBO certified | I help 💲Amazon, 💵e-commerce and 💼services, update financial transactions, and provide useful data to improve business operations and enhance 💵cash flows.

4mo

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!

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics