All of the following are advantages of a spreadsheet software, except

The correct answer is - Double entry is not automatically completed

Key Points

• Double entry is not automatically completed
  • Spreadsheet software like Microsoft Excel or Google Sheets does not have built-in functionalities to automatically perform double-entry bookkeeping.
  • Double-entry bookkeeping is a specific accounting method where every entry to an account requires a corresponding and opposite entry to a different account.
  • To perform double-entry bookkeeping in a spreadsheet, users must manually input both the debit and credit entries.

Additional Information

• Simple to use and easy to understand
  • Spreadsheet software typically offers a user-friendly interface that is intuitive and easy to navigate, making it accessible even for beginners.
  • Basic functions such as data entry, formatting, and basic calculations can be learned quickly.
• Calculations can be easily done in a spreadsheet
  • Spreadsheets support a wide range of arithmetic and statistical functions, allowing users to perform complex calculations with ease.
  • Formulas and functions can be applied to large datasets to automate calculations and data analysis.
• Grouping and Regrouping of Accounts
  • Spreadsheets allow for the organization of data into groups and subgroups, facilitating better data management and analysis.
  • Pivot tables and grouping functions enable users to dynamically change the structure of their data and extract meaningful insights.