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Small businesses often operate on tight budgets, but this doesn't mean their accounting team should suffer. A robust spreadsheet may seem like a good idea for managing finances. In fact, spreadsheet use is quite common. According to Aberdeen's 2013 Financial Planning, Budgeting, and Forecasting Benchmark survey, 89% of organizations use spreadsheets in the planning, budgeting and forecasting processes.

When starting and running a small business, it is impossible to imagine all of the financial situations that may arise. Even if your budget for your startup loan is dead on, there are likely going to be unexpected expenses that pop up requiring extra funds. Where are those funds to come from? Of course one option is to go back to the bank and ask for more money, but that is a lot of waiting and red tape.