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Single primary spreadsheet for 10Q or 10K vs. separate spreadsheet for each

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  • Edited

Hi all!

We are currently in the process of looking into implementing WDATA next year and during this process the question of whether to keep our separate 10Q and 10K spreadsheets, or transition to a single source spreadsheet has arisen. A long time ago it was recommended to have two separate spreadsheets and then slowly this seems to have switched to a single source spreadsheet. We wanted to see if either way was considered best practice, if anyone who may have recently transitioned to a single source spreadsheet (pros/cons) would share their experience, anyone who has reasons why they didn't merge their Q and K spreadsheets, or anything else that may be helpful in making a decision. 

Thanks in advance!

2

Comments

2 comments

Date Votes
  • Sam Norman

    We use one single workbook for the 10Q/K. We then organized it so that we can easily see what's required for the 10Q's, and then the data that's 10K specific sits in it's own "sub-section" within the 1 workbook. 

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  • Pat Flanakin

    We haven't seen the need for WData, but our management has made our lives in external reporting a bit easier by keeping the 10-Q/10-K financial statements at the same reporting level in terms of details; therefore, we can utilize one financial statement sheet in the workbook for all reporting periods vs a separate sheet for 10-Qs and 10-Ks.

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