A few members in another thread were discussing the use of Excel, which prompted this thread.

I've recently wrote an article on our site on the use of Excel, which is probably the most popular accounting system in the world, where I tried to examine the value in using Excel as an accounting system.

http://www.nominal.com.au/component/content/article/264

I was hoping to hear from members who has good or bad experience with running Excel as their system, or maybe from accountants who encourage or discourage such decision.

Anyone using Excel?