Export worksheets, like Import worksheets, can give your financial model another dimension as it can be seamlessly exported into corresponding financial models for a company or client. The Export worksheet should be mirrored and flowed directly into an external model.
Minimise your Export Worksheets!
Try to stick to one Export worksheet for your financial model. This shall guarantee audit ease and minimise the quantity of worksheets across your entire financial model. Financial model users will be able to better understand the process flow of the financial model. It is advisable to incorporate all aspects of the financial model (i.e. balance sheet, cashflow statement) to one worksheet; this ensures better clarity, reduced risk and completeness with the financial numbers you are exporting.
Relax, it is easy
It’s better to link all of the financial model’s data, whether it is financials, operational or informational data to one export worksheet. Attempt to disclose, via subsections on the Export worksheet, the necessary information broken down by financials (i.e. balance sheet, income and cashflow statements), operational (i.e. staff numbers) and informational (i.e. company or project name, tax residence).
Give Precision to your Export Worksheet
Remember for the Export worksheet to be value-adding, instead of being more harm than good, ensure the different elements of the financial model that you are exporting are clearly labelled (i.e. $millions, project or asset name). It is better for the Export worksheet to have too much information, because adding further information at a later date could be time consuming and potentially mistake-ridden.
Don’t forget your Error Checks
The Export worksheet is no different to your other financial model worksheet – please remember your Error Checks. Just as it is vital to be explicit and comprehensive in its information capture, the Export worksheet needs to be error free, otherwise you risk undermining the value and credibility of your financial model to other financial model users.
Don’t be afraid to overuse error checks, nor cross checking various elements of information from your financial model, as this will provide greater assurity of your financial model.
Give it a go, start using Export Worksheets
The inclusion of an export worksheet into your financial model will enable users to leverage off the sunk cost and time that has already been expedited building such a financial model. Provided the export worksheet is kept to one, is seamless to export, is explicit and error-free, it will offer users a head start on subsequent financial analysis via a related financial model.