![]() ![]() ![]() With the help of Excel, you can easily create digital calendars and to-do lists. Project management involves many different layers, including scheduling and goal-planning. You can also start with Excel’s templates or download third-party ones, and then customise them as you see fit. With dropdown lists, various formulae, and macros, you can easily create your own system. Still, if you’re looking for a free and easy-to-use inventory tracking system for your business, Excel is your friend. There are various inventory management software options available nowadays, and most ecommerce platforms now come with inventory tracking features. This is especially valuable when you want to compare historical data. What’s great is that you can copy a worksheet from one workbook to another workbook without losing any of the existing formatting. You can also use an existing data set to create a formula that predicts future values. With the help of third-party software, you can also use Microsoft Excel to simulate financial projections. Data Forecastingĭata forecasting helps businesses prepare for unexpected scenarios and adapt to changes in the market. This makes data presentation a lot easier. Finally, you can also copy a chart or table in Excel to other file types like Word or PowerPoint. You can also fine-tune details like colours, as well as add comments for important notes. ![]() Depending on how you want to present the data (e.g., trends, comparison), you can choose from a wealth of chart templates like pie charts or scatter plots. Thankfully, you can also use Excel to instantly transform data into charts and graphs. Indeed, most people can appreciate data better if it is presented in a more “snackable” manner. Let’s face it: even the most numbers-obsessed moguls will get bored when presented with rows and rows of figures. You can use Excel to remove duplicate or incomplete entries, which makes your data more robust and better-suited for analysis. Moreover, the software has functions for data clean-up. Many databases can also be downloaded and exported into Excel, such as social media insights or website analytics. Beyond storing data, however, Excel also has features that let you create customised data entry methods to tailor how you input, present, and verify data. One Excel worksheet can contain 16,384 columns and 1,048,576 rows of data, and one Excel workbook can easily contain 1,000 worksheets (as long as your computer has available memory or RAM, Excel will allow you to add more worksheets). Data Entry, Storage, and VerificationĪt its core, Excel is data-entry software. All you have to do is input the figures and Excel will automatically compute and present the numbers you need. Excel even has built-in templates for loan calculators and sales receipts it also supports third-party templates for accounts payables, balance sheets, income statements, and more. Businesses have been using it to draw budget plans, make financial reports, and plot profit forecasts for years. Here are a few examples: AccountingĮxcel has long been a trusted accounting tool. In short, Microsoft Excel or simply Excel can be utilised in the workplace in so many ways. There are Microsoft Excel training courses you can enrol in to help you maximise its functions. ![]() With its multiple functions and capability to contain thousands of entries, many organisations rely on this spreadsheet software to sort and analyse data. Microsoft Excel, first launched in 1985, remains to be one of the most versatile business tools. ![]()
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