Welcome to ExcelFSM™
ExcelFSM is the fastest and easiest way to create and update financial reports.
Why can't I just use Microsoft Excel or Microsoft Word?
Creating financial reports in Microsoft Excel (and Word) is tedious and error-prone. Computing Items and Totals is very labor intensive. There are no Adjusting journal entries. Working Papers must be done manually. Worst of all, this work must be done again from scratch for each financial period! Further, the reports from each financial period are kept in separate files, making it difficult to compare numbers of various financial periods together.
ExcelFSM adds to Excel the high level concepts of financial statements: trial balances and the notion of debit and credit, as-of dates, accounts, grouping accounts into financial report Items, grouping Items into Totals, adjusting entries, working papers, and more. Not only can you work within Excel naturally, using these high level concepts to build financial reports, but thanks to the ExcelFSM business intelligence to read, organize, and manipulate the accounting data of any account software, these financial reports will be updated automatically!
Where do I go from here?
As you continue to read this help, please refer to the ExcelFSM sample workbook "FSM Non Profit Organization Sample 12-31-2010.xslx", located on your desktop. You can open it in Excel by double clicking its icon, or by performing the File | Open command from within Excel.
Click the Right Arrow (Next page) button at the top to continue with the help file.