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5 Pitfalls of Spreadsheets for Accounting Professionals

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CFOs: It’s time to say goodbye to the spreadsheet

A recent survey conducted by Visma revealed that Microsoft Excel is the most commonly used tool for CFOs within the nordic markets.

Microsoft Excel is the go-to program for accounting professionals. It is used as a financial accounting software and accountants believe it is the perfect tool for everything from managing hours to transaction matching and reconciliation and for budgeting and economic settlement.

This is despite the fact that experts have long warned accounting professionals against using Microsoft Excel for performing critical processes. While some accounting professionals are reluctant to change, others are simply oblivious to the fact that change is even a possibility.

This whitepaper looks at the 5 main pitfalls of spreadsheets for accounting professionals and addresses why it’s time for CFOs to say goodbye to the spreadsheet.