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David McCree, CPA, discusses whether to use Excel or another electronic worksheet to summarize financial transactions for a nonprofit. To prepare Form 990 EZ or Form 990, organizations need a method to categorize income and expenses. Worksheets like Excel or Google Sheets are cost-effective and user-friendly with minimal training. However, they have limitations, particularly being two-dimensional, which can complicate data summarization based on varied criteria. While worksheets can simplify data entry for Form 990 EZ, their effectiveness can vary based on the organization's needs. The discussion explores when worksheets are advantageous and when they may not suffice.