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Another great thing about Excel is the fact that it is such a versatile tool. In fact, it is because of this versatility that the act of reporting data via the many sub_operations that come with the processor here mesh very well with the production and the creation of the metrics to be used in plotting out the balanced scorecard. Excel definitely beats every other application to the punch, especially when it comes to the production of a balanced scorecard template.
In earlier times, accounting was done manually. With the coming of computers and increased technological advancement, accounting is slowly transferring from manual to mechanical dependence. It saves a lot of time. Earlier, hours were spent on drawing the basic design of sheets and other financial instruments. But now, you have access to balance sheet templates, which have readymade categories and spaces for computing. Now, one just has to enter the amounts manually and all other things are done mechanically.
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