Suppose you have decided to start up a small business and you are looking for a way to track the financials for the business, your employee’s time, payroll, input invoices that need to be paid, and overall help you with the finance side of the business. Which one of the following would be your best option?Select answer from the options belowExcel SpreadsheetQuickBooksAccessWord

Which one of the following applications is best suited to develop a budget for your finances?1 pointDatabasePresentationWord ProcessorSpreadsheet

To keep track of daily sales, expenses, profits, inventory control, customer records, and payroll a small business needs a goodMultiple choice question.inventory systemaccounting systemCRM system

Why is Excel important in finance?Financial functions are used in spreadsheets to test whether a situation is true or falseFinancial functions are used in spreadsheets to test whether a situation is true or falseExcel is an important tool that can help finance and accounting professionals create reports, analyze data, and prepare financial strategiesAll of the above

What computer program lets we use an electronic ledger sheet for financial analysis?a.Worksheet programb.Menu driven programc.Word processorsd.Spreadsheet program

From the following list, select the choice that BEST describes the purpose of auditing workbooks in Excel.*Auditing allows you to trace formula references between cells.Auditing allows you to spot financial errors in workbooks.Auditing allows you to trace relationships between worksheets.