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Excel 2007 Number, Currency And Accounting Formats
Posted by Lynne Kramer in Software and Computer Games
Often, when you enter numbers into a spreadsheet, you need to ensure that the number format is consistent. For example, if these numbers are prices, you may want to display the currency symbol or you may simply want to specify that the number of decimals displayed is always two.
Unless you specify otherwise, all numbers in Excel are rendered in the “General” format. This means that numbers are displayed exactly as you enter them: if you enter two decimals, two decimals are displayed; if you went to one decimal, one decimal is displayed; and so on.
To specify the number format, the best idea is usually to select the entire column. To do this, simply click on the letter or letters representing the column. (If text is contained in the selection, it will not be affected by the number format you specify.)
Number formats are displayed in the “Numbers” section of the Home Tab of the Ribbon. There are three main formats related to numbers: the first is called “Number”, the second “Currency” and the third “Accounting”. To gain access to the full range of number formats, choose “More Number Formats” from the drop-down menu. Another way of accessing the same dialog box is to click on the launch button in the “Numbers” section of the Home Tab.
When you click on each of the number formats, you are presented with a series of choices which enable you to refine the way that the format will work. For example, if our numbers refer to an hourly rate, we would probably click the “Number” category in the left column and then specify two decimal places. The option labelled “Use Thousands Separator” will insert the appropriate separator to demarcate thousands. The separator which Excel uses will depend on your locality: for example, if you are in the UK or USA, a comma will be used; if you are in a European country, a dot will be used.
The final option in the “Number” category controls the display of negative numbers. The default is to display a minus sign in front of the number and leave the colour of the number unchanged. However, you can also dispense with the minus sign and change the colour of negative numbers to red; or you can both change the colour of negative numbers to red and display the minus sign.
When you click on the “Currency” category, you have pretty much the same choices with the addition of a currency symbol. One can specify which currency symbol is used or one can dispense with the currency symbol altogether.
The “Accounting” category is pretty much the same as “Currency”. Once again, you can choose a particular currency symbol. However, you will notice that you do not have any choices relating to negative numbers. The convention in accountancy circles is to always place negative numbers in brackets.
In addition to using the number dialog box, you’ll notice that there are a series of handy buttons which can apply each of the appropriate formats with one click. There are also two buttons for increasing and decreasing the number of decimals displayed in the selected numbers.
Finally, there may be times where, although you enter a number into a cell, you do not want Excel to treat it as a number. For example, if you have a column of data containing a client ID, although the ID may be numeric, you may not want Excel to treat it like a number or to modify it in any way. You will probably want it to stay exactly the way it was entered. Whenever this is the case, it is best to format the number as “Text”. The simplest way of doing this is to select the appropriate column and in the number dialog box choose “Text” as the format.
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