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Posts Topic "prevent errors of accounting"

The Startling Reality of Errors of Accounting: Why They Happen and How to Prevent Them

Errors of accounting are comparable to weeds in a garden—easy to overlook but potentially disastrous if left unattended. The majority of accounting tasks are completed through spreadsheets, and it's startling to know that 90% of spreadsheets with over 150 rows contain errors of accounting. Even seasoned professionals can only spot around 54% of these errors on average. These errors can originate from data entry, flawed formulas, spreadsheet logic, or even incorrect links to other data sources.

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