What is the best practice for financial Modeling in Excel

Excel is used because it is the most flexible and customizable tool available . Software, as an alternative, can be too rigid and doesn’t let you understand each line of a business’ operations the way that Excel does.

Financial modeling is a representation in numbers of a company’s operations in the past, present, and the forecasted future. Such models are intended to be used as decision-making tools . Company executives might use them to estimate the costs and project the profits of a proposed new project.