No. 196: As an International Speaker, Manually Formatting Your MS Excel Invoice Values in Different Currencies Can Cost You [Hint: Watch this 2 Part Home Study ExcelVB Video Tutorial]

As an expert-who-speaks, you’ll periodically send out invoices. If you serve clients internationally (like I do), your invoices may sometimes have to be formatted in different currencies. For instance, I’ve had to deliver (by hand, but often email) invoices in Naira, FCFA, US Dollars, and Euros.

But doing it manually takes time and effort, and is prone to errors.

In the 2 part Home Study Video Tutorial linked below, I demonstrate how to use MS Excel VB automation to get it done.

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Tayo K. Solagade‘s

 

Weekly Public Speaking/Web Marketing IDEAS Newsletter

Date: Monday 8th June 2015

No:196

Title: (a) As an International Speaker, Manually Formatting Your MS Excel Invoice Values in Different Currencies Can Cost You [Hint: Watch this 2 Part Home Study ExcelVB Video Tutorial] (b) To Achieve Sustainable Success, Closely Monitor News About Current Affairs and Politics! – [MP3]!

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1 of 2: PUBLIC SPEAKING – As an International Speaker, Manually Formatting Your MS Excel Invoice Values in Different Currencies Can Cost You [Hint: Watch this 2 Part Home Study ExcelVB Video Tutorial]

As an expert-who-speaks, you’ll periodically send out invoices. If you serve clients internationally (like I do), your invoices may sometimes have to be formatted in different currencies. For instance, I’ve had to deliver (by hand, but often email) invoices in Naira, FCFA, US Dollars, and Euros.

But doing it manually takes time and effort, and is prone to errors.

In the 2 part Home Study Video Tutorial linked below, I demonstrate how to use MS Excel VB automation to get it done.

Beyond the actual act/art of speaking, you are ultimately in business, to make money – meaning you’ll have to send in invoices requesting payments of advance and/or balance fees in relating with clients.

Depending on how busy you are, and the nature of work, there may come a time when formatting your invoice monetary values to reflect a particular currency, can involve drudgery.

I once had a client say he was familiar with the Naira and US dollars exchange rates for his country’s currency (Benin Republic), but that he wanted me to serve him the invoice clearly showing the FCFA equivalent values for each item.

Now, this was NOT a problem for me.

All I had to do was manually format the range of cells (as I demonstrated in the video added below).

But I ended up sending him a “faulty” Invoice Grand Total, because I accidentally left the “Grand Total” formula cell formatted in a different currency!

As a result, the upper values (meant to add up to the Grand Total) appeared in FCFA, while the Grand Total appeared in Naira!

You may argue that this is no big deal, of course. One would simply prepare a new one and send to the client in place of the old one – which was what I did, after the client pointed out the error to me.

However, leaving yourself open to making such avoidable errors can lead to shooting yourself in the foot professionally (even financially).

Consider two possibilities…

1. Sometimes the person you’re sending it to, may not bother checking and could forward it to a superior, who then discovers it…

The sender (who you sent it to) then looks bad before his/her boss, and even though s/he may not say it, s/he could silently blame you for it: you may lose his/her trust as a result.

We are all human of course, and prone to errors, but as professionals, our clients are DEPENDING on us to go the extra mile to serve them.

The decision maker hiring you is hoping you will make him/her good with your performance. Sending in an invoice that states money to be paid in conflicting currencies can result in the OPPOSITE happening!

2. Even worse, if you find yourself dealing with a particularly crafty (read: EXPLOITATIVE) client or decision maker.

For instance if the error you made is such that your grand total converts to LOWER than what it should actually be (e.g. summing US dollar denominated items to make the Grand Total, which you inadvertently leave formatted in Nigerian Naira!).

Such an individual could quietly accept it, and initiative payment processing for you, and then when you discover how much appears on your cheque s/he could claim “Well that’s what you stated as Grand Total on your invoice!”

Incidentally, the above could even happen with a decision maker who did NOT know better.

If the individual is a national of a different country, and not familiar with the considerable difference in value between the conflicting currencies on the invoice, s/he could innocently accept it, without realizing the need to call your attention to it.

NB: In case you wonder, I’ve actually had such an experience before – though not exactly as described above.

My point therefore is that it’s better to proactively invest some quality time to setup a system that enables you prepare your invoices with minimal errors.

What I do is what is demonstrated in the 2 part video tutorial linked in this issue of my newsletter.

xlhvbtutorial-FormatCurrency-fbk2ok

Take a few minutes to study it and empower yourself, if you do not already know how to do it

In the video, I start by demonstrating how to do format currency manually. Then I show the automated version of the workbook, in use – with single click form controls (command buttons and a drop menu) changing between the USD, Naira, Euro, GBP and FCFA.

In the second part of the tutorial, I demonstrate step-by-step- how to use Excel VB automation to switch – at the click of a mouse – your invoice values to different currencies.

xlhvbtutorial-FormatCurrency-fbkok

Note that this can be applied to ANY spreadsheet you’re working on...

In other words, even though I’ve used invoice preparation as an example here, there are many other scenarios that it is relevant to. One simply needs to apply the same thinking as appropriate.

Click here NOW to watch the video tutorial

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2 of 2: WEB MARKETING: To Achieve Sustainable Success, Closely Monitor News About Current Affairs and Politics! [FREE MP3 DOWNLOAD]

“If you want to achieve sustainable success in business (especially in a volatile market place like Nigeria), it’s in your best interest to develop interest in current affairs and politics, because those are the two key ingredients that really keep this country from having a stable sociopolitical climate.
And for as long as that stable sociopolitical climate does not exist, every person running a business will probably have to sleep with one eye open.” – Tayo K. Solagbade

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“Tayo, I honestly believe you are one of those who will succeed at anything he does. Your commitment and effort has been outstanding….Thanks for all your hard work since I’ve been here – you will be sorely missed. I don’t need to wish you good luck, you have the ability to make your own luck. – Andy”(R. Jones)*

*Operations Manager, Guinness Nigeria Plc Benin Brewery, December 2001 (Handwritten comments in farewell/xmas cards sent to Tayo Solagbade following his resignation to start his own business).

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Tayo K. Solagbade*

Self-Development/Performance Improvement Specialist

*Sole Agent For Burt Dubin’s Speaker Mentoring Service In Africa

Mobile: +234-803-302-1263 (in Nigeria) or +229-66-122-136 (in Benin Republic)

http://www.tayosolagbade.com

Tayo K. Solagbade is a Location Independent Performance Improvement Specialist and Multipreneur (i.e. a highly versatile/multi-skilled entrepreneur), with a bias for delivering Best Practice solutions to

Farm Businesses and others.

Since 2002, he has earned multiple streams of income providing individuals and organizations with personal development training and coaching, custom MS Excel-VB solutions, web marketing systems/web hosting,

freelance writing services, and best practice extension support services (for farm business owners).

Tayo is the author of the Self-Development (SD) Bible™ and the popular Livestock Feed Formulation Handbook. He is also the developer of its accompanying Excel-VB driven Ration Formulator™ and the Poultry Farm Manager™ software.

He has delivered talks/papers to audiences in various groups and organizations, including the Centre for Management Development, University of Lagos, Christ Baptist Church, Volunteer Corps, Tantalisers Fast Foods

and others.

In May 2012 he was the Guest Speaker at the Centre for Entrepreneurship Development’s Annual Semester Entrepreneurial Lecture at Yaba College of Technology in Lagos.

On 1st April 2013, Tayo (who reads, write and speaks the French language) relocated to Cotonou, Benin Republic to begin slowly traveling across the West African region.

His key purpose is to deliver talks, seminars

and workshops on his key areas of focus and interest to interested audiences (Email tayo at tksola dot com for details).

In a previous life, before leaving to become self-employed, Tayo served for seven years as a high performing manager in Guinness Nigeria. He rose from Shift Brewer, to Training & Technical Development Manager, and then later acted in senior management roles as Production Manager and Technical Manager.

He is an Associate Member of the UK Institute & Guild of Brewing, a 1997 National Finalist of the Nigerian Institute of Management’s(NIM) Young Managers’ competition, a Certified Psychometric Test Administrator for Psytech UK, innovator of Spontaneous Coaching for Self-Development™ (SCfS-D™), and Founder of the Self-Development Academy Limited.

When he’s not amazing clients with his superhuman skills (wink), Tayo works as the creative force behind his Daily Self-Development Nuggets blog – on which he also publishes his Weekly Public Speaking IDEAS

newsletter(which he uses to promote Burt Dubin’s Public Speaking Mentoring service to experts working across the African continent).

You can connect with him on Twitter @tksola.com and Facebook.

Visit Tayo Solagbade Dot Com, to download over over 10 performance improvement resources to boost your personal and work related productivity.

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[IMPORTANT NOTE:====

On 4th May 2014, Tayo’s 9 year old domain (Spontaneousdevelopment dot com), which hosted his website, was taken over by Aplus.net.

Within a few days however, Tayo used his advanced self-taught web development skills to build a SUPERIOR “reincarnation” of it the website http://www.tayosolagbade.com.

But updates are still ongoing to URLs bearing the old domain name in most of the over 1,000 web pages, and blog posts

he’s published.

If you experience any difficulties finding a page or document, email Tayo at tksola dot com.

Click “Tayo, What Happened to SpontaneousDevelopmentDotCom ?” to read a detailed narrative about how the above event occurred :-))

Here’s an article Tayo wrote, to inspire others to defy adversity, and bounce back to even greater reckoning at what they do EVERY time:

And he wrote the one below, to explain why losing a domain name, no matter how old NO LONGER determines your online success or otherwise:

A Proven Strategy to Find Profitable Buyers Regardless of Your Domain Name

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