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In Excel 2007: Creating Business Budgets Curt Frye shows business owners and managers how to use Excel to create useful budgets that help them manage resources prudently. The course demonstrates how to use Excel spreadsheets to track cash on hand, and how to project income and expenses based on scenarios. It also shows how to take information from various sources to create a single Excel table, and then use PivotTables to analyze that data. Exercise files accompany the course.
When you create a balance sheet you do so to summarize your operating income and expenses. Even though you should keep any publicly released documents as general as possible, you do need to add as much details you can to the private version so you can call out the information you require for your budgets. In this case I have a management balance statement. And if this were a public balance statement then I wouldn't have these breakouts here, Cost of Goods Sold, or these two projects. In other words, it would just be Cost of Revenue, which would be that total of these two lines, one for each year.
And then Research and Development would have the total of these two lines in this cell. And these details would not be broken out. The private version of the balance sheet contains proprietary information, such as the names of projects and their associated costs, which help you make budgeting decisions. Always be certain which version of the document you are showing to your audience. You don't want to leak internal information to your competitors.
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