Excel Accounts Payable / Accounts Receivable Exercise - Watch Chris Work

Posted on:  05/12/2022
Excel Accounts Payable / Accounts Receivable Exercise - Watch Chris Work

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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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

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Chris Menard

Chris Menard is a Microsoft Certified Trainer (MCT) and is employed full-time as a Trainer for BakerHostetler, one of the nation’s largest law firms. Menard has a YouTube channel with over 800 technology videos covering Excel, Word, Zoom, Teams, Outlook, Gmail, Google Calendar, and other resources that over 12 million viewers have appreciated. Menard also does public speaking at conferences for CPAs and Administrative Professionals. Connect with Chris on LinkedIn at chrismenardtraining.com/linked or on YouTube at chrismenardtraining.com/youtube

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