Two things: VBA and the autosum formula keyboard shortcut.
How’s LibreOffice at pivot tables nowadays?
Follow-up question, how’s LibreOffice at telling my tech illiterate boss she has to go to IT to get admin rights to install LO so she can open the file I just sent her because I don’t morally want to support Microsoft?
MS Office can open LO documents.
Huh. I don’t know about the financial system but I’m guessing a good chunk of it is ran by some old mainframes.
It’s like the retail industry, still massively relying on IBM i/iSeries/AS400. I worked for a consulting company that was doing a little bit of admin and support work for companies still using this system and the list is still very long. At least it still receives updates, and it’s kind of fun/odd to work with if you like CLI, but it’s super expensive and absolutely proprietary.
i do all my finances in a physical ledger labeled ‘never show to the IRS’
Watch Microsoft ruin another good thing!
Just gonna drop this here: http://visidata.org/
Blows excel out of the water, at least for tabular data (which, frankly, is what all financial data should be… Cell-based formulas are a mistake).
A lot of good answers, but my bet is the third party plug-ins. Does librecalc have SAP Analysis, or the other plug-ins to connect excel to the accounting systems?
SAP is some kind of communicable brain cancer. My company (has factories in over a dozen countries) has been trying to implement it for almost 10 years now. A 5 min job now takes 30min because of all the paperwork that has to go along with it.
Why not use database, actually. I am yet to see anything related to money that is not a rabbit hole of wildly different things interacting by wildly unexpected logic. Ffs, is writing esoteric formulae in a spreadsheet really easier than learning some SQL dialect with a few pretty advanced and specific features?
Queue a 6 month approval process to access data for s’curity
Nice catch, I am annoyed as fuck with access approval even as a dev. But, since I am advocating for moving financial analysis to using databases instead of spreadsheets, it becomes my problem, so: me makes a separate db for this very purpose, and the access is given to any and all accountants. Security guys are welcome to join the dev process of preparing the db and data flows that write from other sources into it, so that financial guys have up-to-date state of data: want restrictions - go ahead and tell them they don’t need this and that
counter question: Do you want the people that butcher Excel spreadsheets into abominations to be let loose on your database?
The key advantage of a database ti have everything in one place is also its greatest danger.
You make forms that talk to the dBASE, you don’t give them actual dBASE access
No, I will give them a separate one, and when they make a mess out of it, I’ll make it known, then fix it without any hurry, then they make another kind of mess, I make it known, fix it with no hurry, then… at some point either they learn (because they make efforts or because get told to by superior management), or I reach the conclusion that working here isn’t worth it and move on
You want us to use access? No one wants to use access I’ll just make a hyperlink to another book on the last cell
scShould be COBOL
Anyone who works FinTech knows that’s it’s these Mainframes and HPNS systems running on code written in Latin maintained by guys working past retirement that are the frayed rope holding the debit and credit transaction system together.
three reasons:
- power query
- keyboard shortcuts
- pioneer for new functions (e.g., xlookup, dot-colon, let, etc)
oh, and excel doesn’t crash like a boeing at annoyingly frequent random intervals.
oh, and excel doesn’t crash like a boeing at annoyingly frequent random intervals.
then you aren’t running anything past Excel 2016
Of course not, we’re talking about Enterprise here. Newer versions of Excel won’t run on Windows XP.
You can’t swap Excel with anything else. Are you going to trust that millions of man-hours of work will translate perfectly? Going to take that risk with your company?
Even if you started your business with another spreadsheet, you still have to use Excel sheets from others.
Because you don’t even dare breathe on load-bearing legacy systems. You want to change the whole app, you insolent heretic?!
The more important a system is, the more the engineers involved need to be used to changing the system.
Of course, no engineering is really involved in excel-based legacy systems, which is a large part of why they are as dangerous as they are.
As someone who works in a Fortune 100 company, the number of spreadsheets we have for the vast majority of our tasks…
The biggest issue I’ve seen is how do you get a bunch of data to look and behave between a bunch of users who have different skillsets and varying knowledge about how the data connects to other data?
You could build a web page with a database backend. But this takes hours when plopping the data into a spreadsheet is minutes.
Accountants are learning python to parse spreadsheets now
I work in the accounting department of an insurance company doing python development, killing excel spreadsheet processes one by one. I hate when the sources came in excel because polars lazyframes dosen’t work as nice that with other formats like csv or parquet. My outputs are always parquets is they are going to be used by other processes or excel if they for humans.
Meanwhile Banks are using… Bank Python.
Interesting reading. I’m an actuarie in an insurance company and everything I do is in python, is easy to maintain because I’m a “solo developer” building custom tools for me and my team (with pyinstall to create GUIs of the programs so they can used them), but my internal libraries have started to grow up.
About the comments the author had about pandas, I just started to move away from it to polars because the databases I’m working now have easy 50M+ rows, and as they say came for the speed stay for the syntax. I’m debating myself if make my intern learn pandas first, or just go for polars from the begging.
Thanks for sharing - that’s actually pretty interesting. I knew about Polars, but I didn’t know it performed better. I know about that in passing from folks that are in the Cloud “Data” space, who use SaaS platforms that are heavily Python based. That includes Pandas and Polars, but also Jupyter. That really threw me for a loop, but the more I think about it, the more sense it makes.
