In earlier times, accounting was done manually. With the coming of computers and increased technological advancement, accounting is slowly transferring from manual to mechanical dependence. It saves a lot of time. Earlier, hours were spent on drawing the basic design of sheets and other financial instruments. But now, you have access to balance sheet templates, which have readymade categories and spaces for computing. Now, one just has to enter the amounts manually and all other things are done mechanically.
Financial Templates are the lifeblood of my work! What is so great about financial templates? They save time! That's their most important benefit to me. But the vast majority of people who do not have the pleasure of working as accountants all day long, financial templates simply provide a tool they can get things accomplished with. Let's look more closely at what I mean: Financial Templates as Time Savers _ I have templates for almost everything I do. What that means is that whenever I need any kind of a form or a spreadsheet, I first look for something I already created in the past and use it as a starting point. That's what a template is.