Excel Accounts Payable / Accounts Receivable Exercise - Watch Chris Work

Posted on: 05/12/2022

Accountants use Excel all the time. In this video, which is great for Accounting students, we look at the Accounts Receivable (AR) or Accounts Payable (AP) exercise.

Excel accounting exercise - accounts payable / accounts receivable — **Excel accounting exercise**

Accounts Payable is what you, or your company, owe to vendors and suppliers. Accounts Receivable is what is owed to you by customers. A lot of companies use the term Net 30. That means an invoice, for AR, is due in 30 days. For AP, the vendor wants their money in 30 days. Both AR and AP are listed on the balance sheet. AR shows up under current assets. AP is a liability and shows up under current liabilities.

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YouTube Video - AP / AR exercise

Chapters / Bookmarks

00:00 Introduction
00:50 Sample data presentation
00:59 Insert current date
01:13 TODAY function
01:47 Accounts Payable/Receivable
02:27 TEXT function
03:37 LEN function
03:53 TEXT with zero-padding
05:24 Increase/Decrease Indent
05:53 Comma style
06:32 Invoice due date
06:57 Age of invoice
07:52 Days overdue
08:21 Average nr of days overdue
08:55 AVERAGEIF
11:30 Conditional Formatting
13:50 Closing remarks

Excel file used in the video

Excel exercises - ap - ar

Excel Accounting Exercise - AP or AR (Size: 13.7KB)

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Chris Menard

Chris Menard is a certified Microsoft Trainer (MCT) and works as a full-time Trainer at BakerHostetler - one of the largest law firms in the US. He runs a YouTube channel with 900+ technology videos that cover various tools such as Excel, Word, Zoom, Teams, Gmail, Google Calendar, and Outlook. To date, the channel has helped over 20 million viewers. Menard also does 2 to 3 public speaking events every year, presenting at the Administrative Professional Conference (APC), the EA Ignite Conference, the Support Staff Conference, the University of Georgia, and CPA conferences. You can connect with him on LinkedIn at https://chrismenardtraining.com/linkedin or watch his videos on YouTube at https://chrismenardtraining.com/youtube.