Excel Data Validation Best Practices for Accounting & Finance
0:01 - Introduction to Data Validation in Excel
0:08 - Why Data Validation Matters for Accountants
0:49 - Best Practice #1: Restrict Data Entry Types
2:20 - Setting Date Validations
4:43 - Using Data Validation to Prevent Errors
5:52 - Text Length Validation for Transaction IDs
6:12 - Best Practice #2: Using Drop-down Lists
7:02 - Creating Drop-down Lists from a Custom List
8:08 - Referencing Tables or Ranges for Lists
9:21 - Best Practice #3: Using Tables and Named Ranges
10:10 - Automating Data Validation with Tables
12:56 - Best Practice #4: Custom Validation with Formulas
13:51 - Using COUNTIF to Prevent Duplicates
17:22 - Applying Named Ranges for Dynamic Validation
19:44 - Best Practice #5: Conditional Formatting
21:08 - Highlighting Transactions Above Thresholds
22:23 - Highlighting Empty Cells with Conditional Formatting
23:22 - Conclusion and Additional Tips