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.

Recent Teams articles

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)

Recent Excel articles

Excel Training for the University of Georgia's Online and Professional MBA Students

Saturday, April 5, 2025: I'll train the University of Georgia's online and professional MBA students in Microsoft Excel. Topics include PivotTables, Filtering, and even Financial Statement analysis.

Copilot in Excel - Ask Copilot Questions about Keyboard Shortcuts, Functions, and Steps

Copilot in Excel can be asked for intermediate keyboard shortcuts, how-to steps, and function explanations.

Mastering Excel Slicers: A Comprehensive Guide

Excel slicers are powerful tools that enhance data filtering in Microsoft Excel, making it easier to visualize and analyze your data. In this blog, we will explore how to create and effectively use slicers, as well as their advantages and limitations in comparison to traditional filters.

Mastering Loan Amortization: A Comprehensive Guide to Understanding and Comparing Loans

In today's ever-changing financial landscape, understanding loan amortization is crucial for anyone considering a major purchase, particularly a home. With recent changes in interest rates, it's more important than ever to grasp how loan amortization works and how to compare different loan options.

Analyzing 50+ Years of Mortgage Rates in Excel: Insights and Trends

Understanding mortgage rates is crucial for anyone looking to buy a home or refinance their existing mortgage. In this comprehensive analysis, we'll dive deep into over 50 years of mortgage rate data using Microsoft Excel. We'll explore historical trends, calculate key statistics, and examine how changes in interest rates impact monthly payments.

Social Security - Breakeven point in Years using Excel

Calculate SSA breakeven in years. The break-even point represents when the cumulative benefits even out. Comparing 62 to 67, you have been collecting money for 60 months.

Chris Menard

Chris Menard is a Microsoft Trainer (MCT) and works as a full-time Trainer at BakerHostetler - one of the largest law firms in the US. Chris runs a YouTube channel with 900+ technology videos that cover various tools such as Excel, Word, Zoom, Teams, Gmail, Copilot, Google Calendar, and Outlook. To date, the channel has helped over 20 million viewers. Menard also does 2 to 3 public speaking events yearly, presenting at the Administrative Professional Conference (APC), the EA Ignite 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.