Follow these steps to set up a general ledger accounting system in Excel. A small business can use Excel as a substitute for expensive accounting software.

How to Use Microsoft Excel for Accounting. Microsoft Office Excel was designed to support accounting functions such as budgeting, preparing financial statements and creating balance sheets.

In some cases, you can export data from your accounting software in an Excel-compatible format; so choose the Excel file format when exporting. Excel can also import data from a database if you select ...

How to Use Excel for GAAP Accounting. The generally accepted accounting principles give an accounting guideline that allows third parties to fairly evaluate account records.