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Authors; Stephen L. Nelson, CPA

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Stephen L. Nelson is a CPA specializing in S corporations and the author of many bestselling books including the MBA's Guide to Microsoft Excel from which this article is adapted. Nelson also edits the popular , the and the web sites.


Author Specialises in Articles on : Banking
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Using Excel For Statistical Analysis:
Excel provides an almost countless number of statistical tools you can use to analyze dataand make meaningful statements about it. However, without understanding the definitions of the statistical terms that Excel uses, the statistical tools offer little help.Accordingly, this article supplies some background information about Excel's statistical tools and also defines the important statistical......
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How Do I Update Mutual Fund Share Price Information?
You can update mutual fund share prices in three ways. First, you can simply recorda new transaction. Whenever you record a new mutual fund investment transaction-perhaps it is a recent purchase of new shares or the reinvestment of some recentdistribution-Money gets a new share price as part of the information you enter.Money uses the most recent share price to estimate the value of shares in......
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Three Reasons To Form A Limited Liability Company
Want to limit your business liability? While many business owners choose to form a regular corporation, a limited liability company often makes more sense for three important reasons.Reason #1: Really Easy Setup Most states let you form a limited liability company simply by downloading and then filling out a simple one or two page form.In other words, with an LLC, you often don't need an attorney......
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When Should I Keep Financial Records For Mutual Funds?
While you might assume any mutual fund investor should use Money's mutual fundrecord-keeping tools, that isn't the case. Because investment record keeping,including mutual fund record keeping, requires significant work and involves complex-ity, you need to make sure the effort is worth it.In general, you keep investment records for any of the following reasons:&bull You want to track interest......
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How Does The Money Help Program Work?
The Money Help menu, which appears when you click Help on the menu bar, provides information about using Money through its eleven commands: Help Topics, Online Help, Help For Quicken Users, Ordering Checks, Microsoft On The Web (which displays a submenu of further help commands), Introductory Videos (which also displays a submenu of commands), Accounts And Bills Videos, Investing Videos, Planner......
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Making Use Of The Money Reports
You begin to really tap Money's power when you use the information from the Money account registers to summarize and organize your personal or business financial affairs. And the principle way you perform this summarization and organization is through Money's reports and charts feature.Money's reports and charts let you present the information you collect in a variety of helpful ways. You......
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How Do I Back Up The Money Data File?
If you're using Microsoft Money to manage your personal or investment affairs or perhaps as the accounting system for a small business--say an S corporation or a limited liability company--you own and operate, you'll want to regularly back up the Money data file. The Money data file stores your financial records and needs to be preserved and protected in order to easily support the preparation of......
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How Do I Delete The Money Data File?
You can delete the Money data file, although not from within the Money program.To delete a Money data file, you use either the My Computer window or the Windows Explorer program.An up-front caution about deletion of the Money data fileBefore I explain the steps for deleting the Money data file, let me pointout that you would never do this except in the very special circumstance in which youtruly......
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Controlling The Way Money Handles
The newest versions of Microsoft Money make heavy use of online services and Internet connectivity. But you'll probably want to learn how to exercise a certain amount of control over the way Money works online.Controlling Money's Connections to Online ServicesYou can specify how Money downloads statements from any financial institutions you are using for online services. To do this, choose the......
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Changing Moneys Handling Of Data Entry And Editing
Money provides a neat set of data entry and data editing rules. For example, if Moneycan guess what you are typing into a field, Money will automatically complete the bitof information you are typing. If you select a field that includes a drop-down list-such as the Category field-Money automatically drops the list for you. Money alsoprovides other data entry and data editing tools, too, such......
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How Do I Handle Derivatives Using Money?
Derivatives are securities that derive their value from some underlying security. For example, an option to sell a stock, called a put, is a derivative. It derives its value from the underlying security. Another derivative is an option to buy a stock, called a call.You can use Money to keep records of derivatives, such as puts and calls, that you buy.In general, derivative record keeping is quite......
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How Do I Plan For Retirement?
Retirement planning is not difficult. The goal is to make sure that you have an adequate income so that you can live the way you want even though you are no longer receiv- ing a paycheck.To plan for retirement, then, you first need to figure out how much money you need to live on when you retire. A good starting point is what you already live on.Obviously, you want to adjust your living expenses......
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How Do I Measure Profits And Cash Flow?
If you use a Money account register to record your income and expenses, measuring profits is very easy. All you need to do is prepare a report that summarizes your in- come and expenses.Several of these reports, in- cluding the Monthly Cash Flow report and the Category Spending report (the third and fourth reports listed) let you summarize your profits.If you choose the Monthly Cash Flow report,......
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Prepare Income Statements For Real Estate Investments
After you collect transaction data for your real estate investments, you can prepare a report that includes only your real estate income and expense categories and that organizes your information using your Properties classifications. To prepare such a report, take the following steps:1. Indicate you want to prepare an Income vs. Spending report.To indicate you want to prepare a report on income......
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Excels T Distribution Function: How And Why You Use This Tool
If you're working with a small sample (less than about 30 or 40) in Microsoft Excel, you can use the Student's t-test instead of the z-value or z-score to find the probability with which a value falls below a certain number or to test how far an individual observation is from the mean. To doso, you use the TINV function.Using the Excel TDIST FunctionYou can use the TDIST function to make......
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