From the sounds of it, the company’s entire accounting system is done in a very old version of Excel. One Excel spreadsheet. Which is a very bad idea for so many reasons. If it’s not backed up and gets deleted or corrupted… everything is gone. Not to mention that there’s so many better ways to do your main accounting than Excel. Excel has it’s uses, just not…that.
Worked for a company in 1998 that had all the employee data on an excel spreadsheet: everything from emergency contacts to date of last paycheck. All of HR. And “for security” it was stored on a floppy disk. One single disk. Which was put back in the safe every close of business. One day, the disk got corrupted. The “backup” was an end-of-year printout, but any changes since then were gone.
Excellent, yes it was a company that spent multiple millions on SAP and everything went back to multiple versions of these excel spreadsheets the accountants maintained that contained all the costing, time, and labour rates. They also generated code to inject new SKUs into SAP. It seemed pretty fragile to me.
From the sounds of it, the company’s entire accounting system is done in a very old version of Excel. One Excel spreadsheet. Which is a very bad idea for so many reasons. If it’s not backed up and gets deleted or corrupted… everything is gone. Not to mention that there’s so many better ways to do your main accounting than Excel. Excel has it’s uses, just not…that.
Worked for a company in 1998 that had all the employee data on an excel spreadsheet: everything from emergency contacts to date of last paycheck. All of HR. And “for security” it was stored on a floppy disk. One single disk. Which was put back in the safe every close of business. One day, the disk got corrupted. The “backup” was an end-of-year printout, but any changes since then were gone.
Excellent, yes it was a company that spent multiple millions on SAP and everything went back to multiple versions of these excel spreadsheets the accountants maintained that contained all the costing, time, and labour rates. They also generated code to inject new SKUs into SAP. It seemed pretty fragile to me.
SAP is garbage.