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Default 2003 - 2007

I use excel 2003 worksheets that are forwarded to me by company email
(Outlook), I enter new data and forward back to the sender with the changes
saved as FA1-1, FA1-2 etc. He has 2003, I have 2007 and I save in the 92 -
2003 format.
My problem is that the information that I enter changes when he opens it.
These are spreadsheets with basic formulas to create salaries and deductions.
I don't know why my changes are not there when I return the spreadsheets to
the boss. The formulas and entries all digress back to original info or uses
the formula in the previous column?
 
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