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Top 10 Most Popular Business Uses of Excel

Robert Wagner (Information Technology) 0

Let’s learn about what is excel and top 10 uses of excel in business with the Tech Learn, the most reputed and trustworthy online platform to learn anything and everything.

What is Excel?

Microsoft Excel is used for creating grids of numbers, formulas requiring calculations and text. Thus, it is a spreadsheet program which is tremendously useful for every organizations and businesses. It is mainly used for recording the income, expenditures, chart data, plan budgets, and briefly present financial results.

List of Most Popular Uses of Microsoft Excel in Business

  1. Storing and Analyzing data
  2. Make your work easier
  3. Spreadsheets and Data recovery
  4. Mathematical formulas make calculation easy
  5. Security
  6. Add complexity to data presentations
  7. Online access
  8. Manage expenses
  9. Assist in developing future strategy
  10. Keeps data combined at one place

1. Storing and Analyzing data in Excel

With the help of MS Excel, one can easily analyze a very large amount of data for checking the new trends. Charts and graphs help you in summarizing and storing the data in a better way. Look into screen shoot

best uses of ms excel

2. Make your work easier

MS Excel provides outstanding tools which help in saving out time by making our work very easy. There are great tools for filtering, sorting and searching. Combining these wonderful tools with pivot tables, tables etch can make you finish your very faster.

3. Spreadsheets and Data recovery

One of the best uses of excel is that in case If your data get lost for some reasons then you can easily get it back without any issue. Also, there are spreadsheets which makes work easier and steadier.

4. Mathematical formulas make calculation easy

Another outstanding use of excel is that lot of formulas are there for doing different operations like finding average, sum etc. which make you to do big calculations very easily.

5. Security

Security is must as it keeps your personal data. MS Excel keep all your file safe by password-protected with the help of visual basic programming.

6. Add complexity to data presentations

Next use of MS Excel is that it helps you in adding more sophistication to your data presentations which means that you can improve the data bars, you can highlight any specific items that you want to highlight and make your data much more presentable easily.

7. Online access

The best use of excel is that no matter where you are, you have your device or not but you can easily excess it online from anywhere and anytime. Use excel online – https://office.live.com/start/excel.aspx

8. Manage expenses

You can manage your expenses with the help of Microsoft excel. You can easily make a table of your expenses and with the help of the mathematical formulas provided by MS Excel, you can calculate the total amount easily. watch this video to learnin detail how to manage expenses in excel – https://youtu.be/i9NRF7JcV7k?t=406

9. Assist in developing future strategy

It gives you a facility of making chart and graphs so with the help of making graphs you can set a goal for yourself and pie charts allow you to check your progress level.

10. Keeps data combined at one place

This is also one of the best uses of excel. You can choose a single location to str your data which allow you to find out your files easily. It saves your time as there’s no need to check the files in different folders. 

This article covers brief description about the uses of excel, what is excel formula and features of excel. The aim of the article is to provide all the necessary knowledge that you must have about Microsoft Excel. For more information about information security, new trends in technology and happenings in the world, keep visiting the Tech Learn.

Frequently asked questions for excel uses

  1. What are the uses of Excel?

    Top 10 uses of excel:
    1. Storing and Analyzing data
    2. Make your work easier
    3. Spreadsheets and Data recovery
    4. Mathematical formulas make calculation easy
    5. Security
    6. Add complexity to data presentations
    7. Online access
    8. Manage expenses
    9. Assist in developing future strategy
    10. Keeps data combined at one place

  2. What are the 3 common uses for Excel?

    In all industries different uses of excel. But if we talk about uses of excel in business these here are 3 common uses:
    1. Manage Data
    2. Manages company expenses
    3. Reporting

  3. What are the benefits of using Excel?

    Top 3 benefit of using excel in business:
    1. You can easily mange all data
    2. Best benefit of excel, you can access online your worksheet
    3. Save time – through Mathematical formulas you can easily calculate.

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