Short Comings of the Four Square Method?

[Nicholas Alexander Cuaresma]

Hello all!

I am wanting to create my own excel spreadsheet for analyzing deals.  I have been searching the forums and have found many people have already posted their own sheets.  I learn really well using excel and want to make one for my own understanding.  I will be using the four square method in my first iteration and as I continue to learn my hope is to add the more complex calculations.  My question to you all is what are the short comings of the four square method, if any?  Are there variables that are not accounted in this method?  On the BP youtube channel Brandon said that this method is more of a preliminary analysis, so is there a better way to crunch the numbers?  Any advice will help! Thanks