This one shouldn’t come as a suprise at all: accountants love excel formulas. Formulas are wonderful things that can update fields, add amounts, and solve equations. Once it’s entered in, all an accountant needs to do is copy it 200 times and the work is done.
If you were to approach an accountant at work, you will find multiple excel spreadsheets open. Even more spreadsheets can be found if they have a dual monitor setup. Accountants feel more comfortable with Excel than most things in their lives.
The beauty of Excel is that even when all the work is done in Excel and checks out, accountants can spend as much time formatting the work for presentation as they did creating the work. Spare functions in Excel such as drawing arrow objects, highlighting cells, and formatting decimal places bring pleasure to accountants as they seek to wrap up their work.
It doesn’t matter that what they have been working on is nothing new and that there are endless templates available for them to use. The time spent working with formulas and formatting a workbook is a precious way for an accountant to express their investment of time.