Spreadsheet Project Identify - A couple of months ago my friends and me formed a band called "MISK". As we are new to the field of accountancy, we are finding it hard to keep track of our spendings and savings.

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Spreadsheet Project

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A couple of months ago my friends and me formed a band called "MISK".  As we are new to the field of accountancy, we are finding it hard to keep track of our spendings and savings.  We also find it hard and time consuming to evenly share out the money between different funds (we have different funds for different things e.g. Drums, Amps etc and they all need different amounts of money) and ideally we need to share out the money proportionally between each fund. So we have all decided that we need something to help us easily manage our finances.  

I am therefore going to design and make a spreadsheet that will help us keep track and organize any of the little money that we are able to save, and how we should spend it.  As our needs and funds will be continuously changing, a spreadsheet is the best solution as it is able to change and react when information is inserted and is able to perform complex equations automatically. A lot of data is to be stored, so a database could be used, but a spreadsheet package is better because complicated calculations will be performed on some of the input data and this can be done on a spreadsheet but not on a database.  Another advantage of using a spreadsheet is that I am also able to show tables and other information like information that the other members of the band need to know.  I will also be able to email them this sheet and keep them posted on how our money is doing.

My spreadsheet must be easy to use and understand, as other people other than myself will be using it, so I will put information on the page that explains how to use it and how it works and make it as user friendly as possible.

The actual spreadsheet package I will use is 'Microsoft Excel 2000' because it is available to me at school and home and has all the facilities required to produce the spreadsheet needed. The project will be written up at home on 'Microsoft Word'.

I will be using the school computers (PCs from Compaq) and my home computer which is a Gateway Pentium3. The other members of my band also have compatible versions of Microsoft Excel so this is another good reason to use it.                                                                

Analysis

I have talked to the rest of the band and we have produced a list of the features that we want the spreadsheet to have and be able to do:

FUNCTIONAL

1.Allow easy access to our financial information

2.Workout how much money we have and need

3.Automaticly work out how much each fund has and show how much more we need until the target amount is reached

4.Proportionally divide the money that we have between different funds depending on how much is needed

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5.Imput in Pounds only, as loose change will be used for Travel and Phone Calls

NON-FUNCTIONAL

1.Be easy and clear to use

2.Be personalized

3.Small enough to be emailed yet hold all the information we need

In addition it must be possible to easily change and set any information that we need.

As well as include all of the functions in the list, I will also include a few more that we may find useful e.g. A table to keep track of our progress on songs, what we need to practice etc.  

The spreadsheet will ...

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