In a high-volume environment, don't duplicate the revenue database in the accounting system. However, when the transactions are too complex to run a report in the e-commerce system and make a journal entry, a macro might be needed to prepare a daily summary of gross revenue, sales tax payable, shipping income, merchant service fees, discounts and returns.
Start with the data exported from the external system and, using worksheet functions, identify the appropriate General Ledger account for each transaction. Some Excel functions can look for keywords in the sales description, or the XLOOKUP function can be used to look up the price and identify the correct income account. Program the macro to place the data onto the output tab in a layout compatible with the upload tool.
It can summarize the transactions by account, by day. Link an option button object to a macro in order to instantly show or hide columns containing reports for different locations.
This is especially useful for presenting a proposed budget to a board of directors for a multi-location nonprofit. The macro can be a simple as two lines of code:. They are also used to automatically update Excel spreadsheets, or send out regular emails to partner websites for link placement and exchange purposes.
In computer programming, macros are pieces of code that are given a name. Every time that name is used, the content of the macro is executed. They can resemble either objects or well as function calls. By: Justin Stoltzfus Contributor, Reviewer. By: Satish Balakrishnan. Dictionary Dictionary Term of the Day.
Natural Language Processing. Techopedia Terms. Connect with us. Sign up. A macro is shorthand for a programming term: macroinstruction. In the most basic terms, a macro is a way to automate simple tasks. They can be used in a variety of ways, but most of us will learn to love them as helpful shortcuts in Microsoft Excel.
A macro is a set of instructions used to execute repetitive tasks. You can record a set of commands and then play them back with one or two keystrokes. That means that you can save A LOT of time when doing routine and repetitive tasks. But once you discover the power of macros, this can all change. Every week you must update a central budget spreadsheet, pulling in numbers from three different spreadsheets, all with different formatting that you then have to fix.
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