Walkthrough 1
Set up the calculation
A worksheet is being used for explaining what spreadsheet results mean in context in a Scottish household finance context.
- Put labels in row 1 so each column has a clear purpose.
- Enter raw data in the first columns and keep assumptions, such as rates, in separate cells.
- Use the key method: Interpret output with units, context and any assumptions.
The sheet is easier to audit because inputs, formulae and outputs are separated.