Excel 2min Tip: Round your budgets to the nearest thousand | AccountingWEB

Excel 2min Tip: Round your budgets to the nearest thousand

If you have a spreadsheet containing a lot of numbers, it will be easier to read if you round the numbers to the nearest thousand.

To display figures to the nearest thousand, use the Format – Custom feature and include three things: a dot, a zero, and a comma.

Example:
To display the numbers on the left as the numbers on the right, follow these steps:

1021.76...........1.1
560...................0.6
540...................0.5
21.....................0.0
1345.26...........1.3
-520.78...........-0.5

  1. Type the first column of numbers into Excel, column A. Then copy them into column B.
  2. Highlight column B.
  3. From the menu, choose Format, Cells, Custom (at the bottom). If you are using Excel 2007, right-click the selected column, choose Format Cells, and then choose Custom at the bottom of the list.
  4. In the Type box, delete the current entry (the default entry is General).

    In the now-empty Type box, enter this sequence:

    ##,##0.0,;[Red]-##,##0.0,

    The first model above, before the semi-colon, refers to the presentation of positive numbers; the second (red) model refers to the presentation of negative numbers. You can remove the [Red] if you don't want red in your worksheet.

    Make sure you include the zeros, decimal places, and don't forget the commas at the end of both the positive and negative sequences.

  5. Press OK. The numbers are now nicely rounded to the nearest thousand.
  6. By David Carter

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.