What is Microsoft Excel and it’s Uses

by James Xavier Content Writer

Application created and manufactured by Microsoft Corporation that enables users to manage, format, and compute data with formulas making use of a spreadsheet system separated by rows and columns. Microsoft Excel typically comes packaged with Microsoft Office and is compatible with many other applications offered in the suite of solutions. The first software program comparable to Excel was launched in 1982 and was known as Multiplan.

It is a part of the spreadsheet collection of software. Spreadsheets enable you to manage data, create charts structured from data, and accomplish complicated calculations. Similar to an accounting ledger, spreadsheets keep information in columns and rows. It is possible to have up to 256 columns and 65,536 rows per worksheet.

Typical Instances for using Excel:

Accounting

You can make use of the great calculating features of Excel in several financial accounting statements, for instance, a financial statement, cash flow statement, income statement, or profit and loss statement.

Budget

Regardless of whether your needs are personalized or business related, it is possible to create any type of spending plan or budget in Excel, for instance, a marketing budget program, an event financial budget, or a retirement budget.

Billing and revenues

Excel is also effective at managing billing and revenue data, and you can simply create the forms that you need, for instance sales invoices, packaging slips, or purchase transactions.

Reports

You can create various kinds of reports in Excel that indicate your data assessment or summarize your data, for instance reports that measure project overall efficiency, show distinction between projected and actual outcomes, or reports that you can make use of to forecast data.

Preparation and Planning

Excel is an excellent tool for creating professional blueprints or useful planners, for instance a monthly schedule plan, a promotional research plan, a year-end income tax program, or planners that enable you to organize weekly menu, events, or vacations.

Tracking

You can make use of Excel to keep track of information and data in a time sheet or list, for instance a time sheet for monitoring work, or a merchandise and stock list that keeps track of tools.

Use as a Calendar

Due to its grid like work space, Excel offers itself perfectly in creating any type of calendar, for instance a school calendar to keep track of events during the school calendar year, or a fiscal time calendar to track business functions and milestones.

To summarize, Excel is a spreadsheet software in the Microsoft Office system. You can make use of Excel to create and form workbooks (a collection of spreadsheets) to be able to analyze data and produce more informed business actions. In particular, you can make use of Excel to track data, develop models for analyzing data, create formulas to perform calculations on that information, pivot the data in a number of ways, and present data in many different professional looking charts.

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