The accounting format in Microsoft Excel 2010 is very similar to the currency format---both display the currency symbol next to every number. But the accounting format has a few differences that ...

How to Use Excel for GAAP Accounting. The generally accepted accounting principles give an accounting guideline that allows third parties to fairly evaluate account records.

There are a lot of software options for managing your business, but Excel can do all that and more — and you probably already have a copy.