Uses of excel in the world

What are the uses of MS Excel in daily life? And also in businesses too. Well, there are a lot. Nowadays, people are in a hurry. They need to perform various operations in their daily life. But to perform these operations, they need to do some calculations. So how can they perform calculations easily? The most effective answer to this question is the use of excel.

Excel helps individuals and businesses to perform difficult calculations in no time. MS Excel is the most famous spreadsheet software in the world. In this blog, we will discuss various uses of excel in our life. But before we get started with the uses of Excel, let’s have a look at what MS Excel is.

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MS Excel

MS Excel is one of the major parts of the MS office suite.

It is one of the most powerful spreadsheet software in the world.

The spreadsheet contains a table with various numbers of rows and columns.

These rows and columns are used to put the values.

You can easily manipulate these values using some complex arithmetic operations with the help of excel formulas.

Apart from that, MS Excel also offers programming support, which makes it better than other spreadsheet software.

You can do the programming with excel via Microsoft Visual Basic for Applications. On the other hand, there are many excel project ideas that you can use to improve your skills.

It also has the ability to get data from external sources via Microsoft’s Dynamic Data Exchange.

Apart from that, it also offers extensive graphic support to the users.

The most common uses of MS excel are performing basic calculations, creating pivot tables, and creating macros.

What Are the Uses of Microsoft Excel in Companies

Importance Of MS Excel In Our Daily Life And Business Life

Following are some importance of Excel that are related to our daily life and business lives.

1. Easy Computation Solutions

MS Excel has the ability to do several numbers of arithmetic calculations. With the help of different formulas, it can add, multiply, subtract, and divide lots of numbers simultaneously. Moreover, it can easily be re-do if the value is changed or added. 

2. Options Of Formatting

Excel has various formatting options, like highlighting, italics, colors, etc., that enable businesses to show and bring out the essential data differently.

3. Availability Of Online Access

MS Excel is part of the Office 365 productivity Suite. It means businesses’ employers and employees can easily access their files over the cloud network. 

4. Analysis Charts

MS Excel enables its users to create analysis charts easily. You can create Pie charts or Clustered Columns by filtering and correctly inputting data in just a few clicks. Even Excel allows you to customize the colors and boundaries of the diagrams.

5. All Data At One Place

Excel contains over 10 lakh rows and 16 thousand columns in the spreadsheet. You can also import data, add pictures and other objects through the insert tab. Excel enables you to put all the data you collected from different files in one place easily.

Now let’s move on to the uses of Excel in our daily life. Here we go:-

USES OF EXCEL: 8 Important Uses Of Microsoft Excel

1. Education

There are various uses of MS Excel in education. Even Excel is making teaching a lot easier for teachers.

The teachers use tables, shapes, charts, and other tools in excel to present the topics to the students.

Moreover, the teachers are also using formulas to teach the students about mathematical computations.

In education, the data visualization of MS excel is the key to the teachers.

Now the students can easily understand the topic because of the visualization, especially when the teachers are going to represent the stats, then they use bars and charts. 

Apart from that, the use of MS Excel in schools and colleges to create timetables.

There are various pre-built templates in MS excel.

You can use these templates to create the timetable.

Besides, excel also offers formulas that are useful for multiple education purposes.

It is one of the best uses of Excel.

You can use these templates to create the timetable.

Besides, excel also offers formulas that are useful for multiple education purposes.

2. Business

Excel plays a crucial role in business. Even every business owner is using excel.

The use of excel in business varies from organization to organization.

The business can use MS Excel to perform goal setting, budgeting process, and planning, etc.

Now the business can easily manage their daily operations because of excel.

Apart from that, they are also able to predict their performance.

The excel financial formulas are doing a tremendous job for the business. 

MS Excel is offering the IF formula, which is quite helpful in creating hundreds of logic in the business calculations.

MS Excel is quite handy for business operations.

All you need to do is visit the template menu to take full advantage of it.

The best part of the pre-built template is, you need not create anything from scratch.

3. Goal Setting and Planning

We all have daily goals or weekly goals.

Therefore to manage our daily tasks for the goals. We can use MS excel.

In MS Excel, all we need to do is accomplish the daily task along with the remark column.

Whenever we complete our daily tasks, we write on the remark columns that we are done with the task.

It is also helpful for planning purposes.

With the help of excel, we can calculate everything in advance as part of our planning.

4. Business Owners

The previous point highlighted the use of MS Excel for business.

But at this point, we will share with you the uses of MS Excel for business owners.

We know that business owners also need to perform various tasks from their end.

Some of these tasks are work progress, team management, and payouts details, etc.

One of the significant tasks for the business owner is to track the marketing campaign progress. However, if you have any pending marketing homework help then you can get our marketing help at a very affordable price.

Excel makes it simple and easy for business owners.

All they need to do is select the prebuilt template to start creating the sheet.

5. Housewives

It helps housewives to manage their daily expenses as well as grocery.

With the use of excel, they can create the report for weekly and monthly expenses.

It also helps them to track their expenses.

Most housewives are also helping their children to learn the basic skills of MS Excel.

In this way, the statistics students also get ready from the beginning of the academics.

Apart from that, Excel knowledge also emerges from housewives to earn a possessive income.

There are lots of part-time jobs available for housewives. 

It is one of the best uses of Excel.

Also, Read

  • Excel vs Quickbooks; Best Points You Need To Know
  • How to Find Z Score in Excel | Best Ways to Find it Like A Pro
  • A Guide On Frequency Distribution Excel For Beginners

6. Data Analysis And Data Science

Data analysis is one of the most emerging fields in the business perspective.

The business needs to perform various operations on the data.

The reason is companies are not using a single source.

They use multiple sources such as their blog, eCommerce sites, social media, offline data, and more.

All these jobs need time and energy. Sometimes it becomes overwhelming for the business to manage the data. In this case, excel plays a crucial role in the business.

Excel offers the filter function, which is quite handy for the data analyst to understand the data. Nowadays, excel is also used in the field of data science.

There are lots of functions that are helping in Big Data technologies.

The programming features of Excel with VBA make it one of the best options for data science technologies.

There are lots of operations that can be performed with the use of excel.

7. Daily Progress Report

Excel is also helpful in creating a daily progress report. Most of the companies track their daily progress with the help of excel.

Especially in project-based companies where the clients need a weekly report from the company.

For this, the company uses the daily progress report to showcase the daily work progress to the client.

Excel offers the table with the date and time.

You can also add the manual columns such as client, tasks, duration, and status as per the business requirements.

Apart from the companies, the daily progress report is also helpful in academics.

The teachers and the students can track their daily progress with the help of excel.

It is one of the best uses of Excel.

8. Career Development

When we talk about career development.

MS Excel is also playing a crucial role in this sector. Excel teaches you the most prominent skills of management.

With the help of excel, we try to calculate everything in advance.

Because in our life, we need to perform various calculations to run our daily life.

If you get good command over MS Excel, you are also eligible to get the best job in data analytics or data science.

Excel helps you in career management, time management, learning management, life management, and so on.If you are a student, then you can manage all your expenses with the help of excel.

5 Uses Of MS Excel In Businesses

At a very basic level, MS Excel is used for storing, analyzing, sorting, and reporting. However, it is extremely popular in businesses because it is fairly easy to use.

1. Business Analysis

Excel is used to do business analysis. Through this, businesses make decisions with collected data. Generally, companies gather data on a daily basis that is related to product sales, website traffic, insurance claim, etc.

2. People Management

It is one of the top uses of Excel in businesses. MS Excel is a powerful way to collect information about people. Through excel, personal information of employees, customers, supporters, etc., can be stored and recovered efficiently. 

3. Managing Operations

Excel is heavily dependent on the daily operations of numerous businesses. Business activities generally involve complex logistics. Inventory flows require to be managed, so that company’s operations run smoothly. In simple words, keeping track of supplier and client transactions, listing critical dates, and managing times and schedules. It is only possible through MS Excel.

4. Report Of Performance

MS Excel can do monitoring and reporting of performance effectively. A simple way to transform data into a performance report in Excel is to build a pivot table. By creating a pivot table and linking it to data, you can get extra useful information from the dataset. If you need to analyze huge volumes of data then will probably be easier to connect this dataset with a reporting tool.

5. Office Administration

MS Excel stores and enters the administrative data. Then this data is used for accounting and financial reporting and business analysis, and performance reporting. Moreover, Excel supports office administration in daily tasks such as invoicing, paying bills, etc.

Top 5 Cool Things You Can Try Right Now Using Excel

You can’t ignore Excel’s important role in daily work because it deals with big data. However, many useful tips and tricks for beginners and advanced users are still inevitably overlooked. Here are five cool things you can try right now using Excel.

1. Play with numbers

Excel’s main function is to work with numbers. Excel makes sorting, retrieving, and analyzing a huge (or even small!) quantity of data a breeze.

When it comes to using Excel for anything numbers-related, there are a few general categories to keep in mind.

Calculation:

Do you ever find yourself repeating the same calculations? You may create a completely personalized calculator by programming your frequently used formulae in Excel. That way, all you have to do is type in your numbers, and Excel will calculate the result for you—no effort necessary. Isn’t it cool?

Charts:

The number of pie charts, line charts, scatter charts, bar charts, area charts, and column charts is endless. Excel can turn rows and columns of figures into attractive charts. And it is sure to become one of your favorite features if you need to convey data in a more visual and consumable way.

2. Making Plans

Let’s get away from the numbers for a moment —Excel can help you plan and organise a lot of things that don’t require multiple rows of figures.

Worksheet for goal setting:

Excel always helps to have something to keep you focused and on track. And it would either it’s career objectives, fitness goals, or money goals. You may use excel to build a variety of spreadsheets, logs, and planning papers to track your progress and, ideally, cross the finish line.

Schedules and calendars:

Do you need to create a content schedule for your blog or website? Are you looking for lesson plans for your classroom? Do you or your family have a daily schedule? Excel may be surprisingly powerful when it comes to multiple calendars. Try this today to schedule your work.

3. Involving Others

Do you need to get information from others? One method is to use survey tools and forms. But, don’t worry, you can make them all in your own Excel.

Quizzes:

Are you trying to assess someone else’s — or even your own — for the understanding of a topic? You may create a bank of questions and answers in one worksheet and then have Excel quiz you in another.

Forms:

Excel is an excellent tool for designing forms. And it starts from basic to complex. You may even create numerous drop-down menus so that users can choose from a predefined list of options.

4. Getting things done

Do you want to increase your productivity? Excel can easily come to your rescue with various functions that can help you manage your tasks and to-dos with simplicity.

Timesheets:

You already know that keeping track of your time may help you be more productive. There are many attractive applications and tools to help you in meeting these demands. Consider Excel as the actual time-tracking tool. It continues to be a possible alternative to time sheets today.

Checklist:

Similarly, you may make a basic checklist to cross off the items you’ve bought or completed. And it can be related to a shopping list to a list of to-dos for planned marketing tasks.

5. Excel just for fun.

With the help of excel, you can do a variety of other interesting things for fun.

Cloud of words:

Word clouds are not the most scientific way to describe facts. However, they are a fun (not to mention attractive) method to determine which words are used the most. You guessed it—Excel can be used to make one. 

Logbooks from the past:

Whether you want to keep track of the different tasks you have completed, the exercises you have done, or something else completely, Excel is what you have for sorting and logging those things.

3 Powerful Excel Functions That Make Work 

The following are the most useful functions that we can use in our daily life. 

1. The SUM Function

This function is the most used function when it comes to computing data on Excel. This function is used to sum a group of numbers in a specific set of cells. 

It means you do not need to type a long cumbrous formula to calculate the sum of the data. 

The SUM function is performed by typing the formula on the function bar, highlighting the cells you want to add, and pressing “ENTER”.

  • The Syntax formula for SUM function is “=SUM(Cell numbers)”.
  • You can also use the Σ symbol to add the data you need.
  • Moreover, “ALT+” also helps to add the numbers.

2. The TEXT Function

The TEXT function is a useful tool that helps in converting the date or numbers into a text string in a particular format. Keep in mind the text formula only works to convert numeric values to text.

The TEXT function’ formula is =”Text” (Value, format_text).

Value refers to the particular number you want to convert to text.

Format_text refers to the format of the conversion.

3. The AVERAGE Function

The AVERAGE function is used for getting the average of the data. As the function of SUM, it is commonly used in computing and analyzing the data on the spreadsheet.

The syntax formula for the AVERAGE function is “=AVERAGE(Cell number).

Some Of The Documents That You Can Create in Excel

Microsoft Excel is a versatile software that allows users to create various documents. Here is the list of some of the documents that you can create in excel, which are as follows:

1. Spreadsheets

Excel is primarily used for creating spreadsheets, which are documents that organize and analyze data in rows and columns. Spreadsheets can be used for budgeting, financial analysis, inventory management, and more.

2. Charts and graphs 

Excel allows users to create charts and graphs to visualize data, such as bar charts, line charts, pie charts, and scatter plots.

3. Calendars

Excel can create calendars for scheduling appointments, meetings, or events.

4. Invoices

Excel can create invoices with item descriptions, prices, taxes, and totals.

5. Budgets

Excel is useful for creating personal or business budgets, where users can track their expenses and income.

6. Forms

Excel can be used to create forms for data collection, such as surveys or questionnaires.

7. Project plans

Excel can create project plans, including timelines, budgets, and resource allocation.

8. Gantt charts

Excel allows users to create Gantt charts and visual representations of project schedules that help track progress and identify potential issues.

9. Data entry forms

Excel can create forms that make it easier to input and organize data.

10. Contact lists

Excel can create lists that include names, addresses, phone numbers, and other relevant information.

Well, these are some of the documents you can try and make in excel.

Conclusion

The more you learn, the more you can earn with excel. The same philosophy applies to MS excel.

If you develop your excel skills to the peak level, you are eligible to get reputed jobs in analytics.

As we have seen, there are lots of uses for excel. But here, we have mentioned a few.

There are many more uses to excel in the world. Excel makes life easier for us.

Now we can perform a complete calculation without having a strong command of math and statistics.

All this becomes possible only because of MS excel. So don’t be the one who is not aware of MS excel.

Start learning excel today from the experts.

Also, get the best excel assignment help from MS excel experts at nominal charges.

FAQs

Q1. What is Excel used for?

Excel is generally used to manage data and perform financial analysis. On the other hand, it is used in every business and company of all sizes. The main uses of Excel include:

1. Customer relationship management (CRM)
2. Time management
3. Task management
4. Data entry
5. Data management
6. Financial modeling
7. Accounting
8. Financial analysis
9. Charting and graphing
10. Programming
11. You can do almost anything that needs to be organized!

Q2. What are the benefits of MS Excel in your life as a student?

The benefits of Excel in student’s lives are as follows:
1. The Best way to store data.
2. Able to perform calculations
3. Every tool for data analysis
4. Print report easily
5. Transform and clear data

Q3. What are the three most common uses for Excel?

The three most common uses for MS Excel are creating budgets, producing graphs and charts, and storing and sorting the data.

List of Top 12 Important Uses of Microsoft Excel

There are plenty of uses of excel, and the list goes on, but here we have listed some of the important uses of Microsoft excel to start the things for a beginner.

  1. Get Quick Totals
  2. Data Analysis and Interpretation
  3. Plenty of Formulas to Work with Data
  4. Data Organising and Restructuring
  5. Data Filtering
  6. Goal Seek AnalysisThe Goal Seek in excel is a “what-if-analysis” tool that calculates the value of the input cell (variable) with respect to the desired outcome. In other words, the tool helps answer the question, “what should be the value of the input in order to attain the given output?”
    read more
  7. Flexible and User-Friendly
  8. Online Access
  9. Building Dashboards
  10. Interactive ChartsCharts visuals are better in data depiction, but interactivity gets it better. Interactivity is when the user sees specific values in the excel chart in a more effective, efficient and crystal clear way.read more and Graphs
  11. Dynamic Formulas
  12. Automation Through Excel

Uses-of-MS-Excel

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Now let us discuss each of them in detail along with an Example  –

#1 – Get Quick Totals

Getting total or subtotalThe SUBTOTAL excel function performs different arithmetic operations like average, product, sum, standard deviation, variance etc., on a defined range.read more is common, so Excel provides a quick sum of numbers with its AutoSum option. For example, look at the below data in Excel.

Uses of Excel Example 1

We have monthly numbers above, so to get the quick total in cell B7, press the Auto Sum shortcutThe Excel SUM Shortcut is a function that is used to add up multiple values by simultaneously pressing the “Alt” and “=” buttons in the desired cell. However, the data must be present in a continuous range for this function to function.read more key ALT + = sign.

 Example 1.1

As you can see, it has inserted the SUM function in excel.  Press the “Enter” key to get the result.

Uses of Excel Example 1.2

We have a quick total of the numbers above.

#2 – Data Analysis & Interpretation

The spreadsheet contains data, so telling the story behind the data is what the decision-makers need to make vital decisions in the business world. So, when the data is available with Excel, we can use MS Excel features like pivot tableA Pivot Table is an Excel tool that allows you to extract data in a preferred format (dashboard/reports) from large data sets contained within a worksheet. It can summarize, sort, group, and reorganize data, as well as execute other complex calculations on it.read more and formulas to analyze the data and interpret the numbers quickly and efficiently.

Example 1.4

#3 – Plenty of Formulas to Work with Data

MS Excel comes with plenty of built-in functions to work with data. There are 450+ functions in excel,Excel functions help the users to save time and maintain extensive worksheets. There are 100+ excel functions categorized as financial, logical, text, date and time, Lookup & Reference, Math, Statistical and Information functions.read more, so these functions are categorized as “Financial,” “Logical,” “Text,” “Date & Time,” “Lookup & Reference,” “Math & Trig,” “Statistical,” “Engineering,” “Cube,” “Information,” and “Web.”

Uses of Excel Example 1.9

#4 – Data Organizing & Restructuring

You cannot get the data ready to use, so we can organize the data using Excel tools. We can reorganize the data according to the users’ needs.

#5 – Data Filtering

Using the option of “Filter” in Excel, we can filter the particular data from the number of rows of data. For example, we can apply a single-column filter and the filter to multiple columns to match multiple criteriaCriteria based calculations in excel are performed by logical functions. To match single criteria, we can use IF logical condition, having to perform multiple tests, we can use nested IF conditions. But for matching multiple criteria to arrive at a single result is a complex criterion-based calculation.read more to filter the data.

Example 1.6

#6 – Goal Seek Analysis

When the target is set, and at a certain project stage, we may need to review that target achievement. So, using Excel, we can track all those things and identify what needs to be done in the remaining steps to achieve the desired goals.

Uses of Excel Example 1.7

#7 – Flexible and User-Friendly

When you compare MS Excel with other spreadsheets, you will find MS Excel as relatively friendly and flexible enough to fit the needs of the users. First, however, one needs the proper training to start things in Excel.

#8 – Online Access

Not all the time, we get the done offline, so some of the data needs to be fetched from online websites. We can import data from “MS Access File,” “Text File,” “From Web,” “From SQL Servers,” “From XML Data Import,” etc. So, getting the data to Excel is not a constraint.

 Example 1.8

#9 – Building Dashboards

When the story behind the data is read to tell, end users may want to see those summary results in a single page view. So using MS Excel, we can build dashboards that can tell the stories in a single page view. So, not only can we build a dashboard, but it also makes the dashboard interactive.

Uses of Excel Example 1.10

#10 – Interactive ChartsCharts visuals are better in data depiction, but interactivity gets it better. Interactivity is when the user sees specific values in the excel chart in a more effective, efficient and crystal clear way.read more and Graphs

When the Excel formulas are applied, we can make them dynamic so that when the data range gets an addition or deletion, our formula shows the updated results instantly.

Uses of Excel Example 1.11

#11 – Dynamic Formulas

When the excel formulasThe term «basic excel formula» refers to the general functions used in Microsoft Excel to do simple calculations such as addition, average, and comparison. SUM, COUNT, COUNTA, COUNTBLANK, AVERAGE, MIN Excel, MAX Excel, LEN Excel, TRIM Excel, IF Excel are the top ten excel formulas and functions.read more are applied, we can make them dynamic so that when the data range gets an addition or deletion, our formula shows the updated results instantly.

Example 1.13

#12 – Automation Through Excel

At last, when you move to the advanced level of MS Excel, you may get bored with daily work in Excel. In that case, we can automate the reports in Excel by using the VBA codingVBA code refers to a set of instructions written by the user in the Visual Basic Applications programming language on a Visual Basic Editor (VBE) to perform a specific task.read more language.

Uses of Excel Example 1.12

Recommended Articles

This article is a guide to the Uses of Excel. Here, we discuss the top 12 important uses of Microsoft Excel, including getting quick totals, data analysis and interpretation, plenty of formulas to work with data, data filtering, etc., and examples and downloadable Excel templates. You may learn more about Excel from the following articles: –

  • Divide Cell in Excel
  • Excel Count Colored Cells
  • Excel Negative Numbers
  • Scroll Bars in Excel

Microsoft Excel is one of the most useful and intelligent, yet the most underestimated data analysis software in the business industry. The potential and capacities of this smart analysis program are extremely undervalued by the common man.

By the end of this article, you will have understood the various significant use cases and applications of this data analytics software by Microsoft.

Today we are going to elucidate on the implementation and application of Microsoft Excel in the real business world.

1. Data analysis

Excel has been far-reaching in business and data analysis. Highly advantageous data analysis reports and summaries can be generated using this application. Users and business analysts can use Pivot Tables to create systematic and manageable summaries of important metrics.

For example, managing a database in pivot tables helps the analysts to divide data into segments and analyze the data systematically by applying filters and custom sorting features to it.

2. Graphical and visual representation of reports

Excel is not any software that is used by students to solve their homework or used by common people to rearrange the data into ascending or descending order. It is more than any of it.

Excel’s fully customizable and integrative interface allows users to insert stunning pie charts, bar charts, dashboards, map charts, smart arts, word arts, text boxes, icons, images, backgrounds, and tables, and more to be able to easily represent their data beautifully and systematically.

3. Predictive analysis and forecasting

Forecasting is a crucial aspect of data analysis and is vital for successful business success. Excel has not left any stone unturned. Users can easily predict the future values for their data in Excel using forecast formulas.

Forecasting and predictive analysis are core activities in machine learning, data mining, predictive modeling, and several other statistical techniques that involve predicting unknown future values.

4. Financial accounting and budgeting

Microsoft Excel is extensively utilized in creating financial budgets and managing crucial financial accounts in the corporate world. Excel has enabled organizations to achieve ideal project management goals and meet customer demands with high satisfaction at once.

Crucial formulas like FORECAST, SUM, SUMIF, SUMIFS, AVERAGE, FUTURE VALUE, PRESENT VALUE, and database functions like DMIN, DMAX, DAVERAGE, etc. have been very helpful in the corporate world.

5. User data management and storage

With Microsoft Excel, users can create attractive user data entry forms, employee performance KPI dashboards, user databases, and many other user data management systems.

Read here: Create a fully automated user data entry form without VBA coding

With a plethora of pragmatic formulas and tools in the application, users can create fully automated data systems in Excel.

6. Administrative business data

Microsoft Excel is used to create, manage, and process purposeful data systems like CRM, MIS, database, etc.

All these tabular data structures can be represented visually using a variety of charts and tables. The numerical data can be easily formatted, segmented, and consolidated in Excel.

Users can use crucial tools like Goal seek, Scenario manager, and Data Table for high-level data forecasting, interpretation, and preparation.

7. Personal financial data management

Ordinary individuals can use Microsoft Excel in their day-to-day life to calculate their monthly expenses and create a budget to manage their household effectively.

Anybody can use this application to execute ordinary tasks like mathematical calculations, arranging the data in ascending or descending order, lowest to highest, apply conditional formatting to filter data in a better way, and more.

8. VBA Coding and development

Microsoft Excel is extensively used by coders and developers with VBA coding knowledge who take the software to a whole new level. With VBA, users can create functional buttons, record macros with code, minimizing the use of formulas in reports, automate data, and protect workbooks and sheets.

Macros are vital to performing repetitive tasks and saving time behind repeatedly creating identically structured data reports. Excel has proved to be one of the most useful data management and analysis software in the business world.

Conclusion

This piece was all about the important use cases and applications of Microsoft Excel in the real business world. Microsoft Excel is one of the most useful and intelligent, yet the most underestimated data analysis software in the business industry.

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 Microsoft 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

Learn – Free Online Courses with certificate

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.

Well, you must be wondering what are the uses of excel and how Microsoft Excel can help you in your daily life. MS Excel is extensively used nowadays by almost everyone because it is very helpful and saves a lot of time. It is being utilized for the past several years, and it gets updated every year with advanced features.

The most compelling thing about MS Excel is that it can be utilized everywhere. For example, it is used for data management, billing, analysis, finance, inventory, complex calculations, business tasks, etc. This software is perfect for Android, Windows, Mac OS, and cloud computing users.

Below we have given some of the uses of MS excel that will help you learn how MS Excel can help you. Before we move on to the uses of Excel let us know what exactly MS excel is.

So, it is a software program in which there are spreadsheets to organize numbers. And data formulas or any type of function, which means you can organize any kind of data with the help of spreadsheets in Microsoft Excel. Of course, the data which are disorganized will be of no use that is why MS excel was created. However, now you must be thinking why we have called it Microsoft Excel. Well, the reason is that Microsoft created it.

Microsoft Excel organizes data in rows and columns, and these rows and columns intersect at a pace called a cell. And using these, you can organize any kind of data. Whether it is of personal use or it may be for any type of business use. Also, you can use this jpg to excel converter that uses OCR feature to convert image to excel spreadsheet for free while keeping the quality high. 

Features of Microsoft Excel

Features of excel are the reason that made Excel the most widely used application. Excel is a very common application because of its extensive range of features and great tools. Microsoft added several features in each release. Here are the principal features of Microsoft Excel:

  • Add Header and Footer
  • Find and Replace Command
  • Password Protection
  • Data Filtering
  • Data Sorting
  • Built-in formulae
  • Create different charts (Pivot Table Report)
  • Automatically edits the result
  • Formula Auditing

But before that lets know, why do people use Excel?

So, there are many reasons for people to use Microsoft excel. And as you already know the basic reason behind using excel is that you can manage and organize different types of data with the help of Excel.

For example, let’s suppose that someone is using excel for personal use and that can be anything like they can use it for managing their monthly expenses and other things like that. Or for business use, a company can use it for managing its data whether it may be of any type. So, there can be many things that can be done with the help of excel. 

So, you already know what it is used for and why people use excel. Now it’s time for you to know about,

How can excel be formatted?

As we have discussed in Excel we have rows, columns, and cells, and these rules are columns. And cells can be modified in many ways to make data look efficient or to organize in the best way possible. We can modify the background color number or date format size text font layout ETC of these rows columns and cells.

Or we can also do mathematical problems, we can solve them by applying mathematical formulas. And many things are there in excel to make our work easier and to make it efficient. So that we can use our data wherever we want.

So, this was all about Excel why do people use it, and how it can be formatted.

Now it’s time for you to learn about what excel is used for. So, as we have discussed above, there are so many things in which we can use excel. And as we know by now it’s basic and the main feature or use is to manage and organize data in the best way possible. Whether it may be of personal or business use. 

Top Uses of Microsoft Excel

So, as we have discussed above, there are so many places for what excel is used for. But below we have discussed some of the important areas where this software is implemented:

  1. Calculating 
  2. Accounting 
  3. Charting 
  4. Calendars and Schedules
  5. Seating Charts
  6. Goal Planning WorkSheets 
  7. Task List 
  8. Project management 

So, these are some of the areas for what excel is used for. You should know that there are many things which you can do with excel. But it is not possible for us to specify everything here in this blog. So these are some of the few things which you can get done with the uses of Excel. 

1)Calculating

So the best uses of Excel is that you can calculate anything. Or you can use any formulae you want to get your calculations done. You can apply those formulae or calculations you want on any row or columns or any cell on the spreadsheet. 

It is the best thing about excel. You can always build yourself a customized calculator in excel by programming your commonly used mathematical formulas. So that whenever you need, all you need to do is to put in those values on which you want to get your calculations. And you will get the answers. So overall you can get your calculations done within your spreadsheet and that is one of the best uses of MS Excel.

2)Accounting 

You can always do your accounting with the help of MS Excel. You can make your budget, plan your expense, track, or make your financial reports, but you need to put in the data. Microsoft has designed MS Excel to meet financial and accounting requirements. This includes loan calculators, budgeting, expenses tracking, and financial reports.

Accounting relates to the method of recording large financial transactions for a business. The availability of many Calculating tools for calculation makes it a valuable tool for accounting purposes in the office. It also has templates which makes the accounting methods much easier.

3)Charting 

What you can do is that you can always make charts with the use of MS Excel. You can manage your data like your expenses and financial reports and with the help of those you can make charts.

Is by making charts you can visually understand what is going on with your expenses. Or financial reports so these charts like pie charts, scatter charts, bar charts, area charts, etc. Will help you find a way to represent your data in the best way possible.

Or you can also be able to get a better idea of what is going on with your things which means you can get a greater visual approach in a very digestible way. So you can help you in making a different type of chart from your data this is a great thing and is the great use of MS Excel.

4)Calendars and Schedules

The best thing that we like about Excel is that we can make Calendars with the uses of MS Excel. Likewise, put those values or dates we can say in those rows and columns of excel and we can further use it as a calendar. 

Or you can make different calendars as per your need like when you need to make out of the content calendar for your blog. Or website then you can make that customized calendar as per your need. Whenever you need to plan lessons for your classroom you can do that as well with the help of their personalized.

However, customized calendar Excel can be surprisingly robust you can make any kind of customized things with the uses of MS Excel like this calendar. As we’re talking about so this calendar making or shift schedule making with the help of Excel is one of the best uses of Excel.

5)Seating charts 

By now you already know many of the best uses of MS Excel but here is one more greatest use of MS Excel.

That is the seating chart, so what you can do with the uses of Excel is that you can make seating charts with the help of it. Like when there is a large corporate luncheon or wedding or if there is a meeting with you you have to manage.

And you have to make a seating plan for your guest then you can do it with the uses of Excel. Excel can make it a total breeze. So whenever you need to make a seating chart for yourself or any meeting you must be conducting or any other thing then you should make it with the use of MS Excel

6)Goal planning worksheet

So you must have some goals in your mind that you want to accomplish in your life or there may be any short-term goals for you.

In order to make it possible that you can do it, you can make a goal planning worksheet with the uses of Excel. You can make a daily planner for yourself with the use of Microsoft Excel. In which what you can do is you can make a task list for an easy day in a week.

By making this you will surely achieve your goal and this can be made with the uses of Excel. you can also create various types of worksheets logs planning documents that might help you with tracking down your progress with something.

So yeah you can make a goal planning worksheet with the help of it. And you will surely achieve your goal.

7)Task list

Not as we have already talked about goal planning with the uses of Excel. Now it’s time for you to learn about making a task placed with the uses of Excel. So you can make a different task list for yourself with the use of Excel.

It’s time for you to say goodbye to your standard pen and paper to make a to-do list. You should always make a to-do list or a task list with the uses of Microsoft Excel. You can make a far good just left with the uses of Excel.

Like you can check out your progress and note down in your sheet in terms of percentage. Or in terms of bar or in terms of anything. You can make a greater task list with the uses of Excel rather than making it by standard pen or paper. So it is also one of the best uses of MS Excel. You should take good advantage of it.

8)Project management 

So as you have already read about different uses of Microsoft Excel now it’s time for you to learn about project management charts so you can get them with the uses of MS Excel.

Yeah, we have already read about breaking things down with the uses of Excel. But in project management you will need is that you will have to to make make use of all the things you have learned in this blog. And make a project management charge for yourself and you can also make use of different things in this project management.

Like you can track down your team’s progress are you can always keep the things organized so that you won’t forget anything. Whenever you are working on a project you can make use of checklists to get your things done and you can check.

But you have already done you can make use of pie charts to track down the percentage of work you have done. You can get your different stuff done with it you can make seating charts with the uses of Excel to help you in your project management. So overall you can do a lot of things with the help of excel. And make your project work go crazy with the uses of Microsoft excel.

Conclusion

So, these were some of the uses of Excel.

The more a person learns about Excel’s various features, the more they can develop better ways to use Microsoft Excel in their everyday lives. It is preferable to devote more resources to studying and practicing Excel rather than performing stuff in inefficient and ineffective ways. Aside from the importance mentioned above, a variety of other uses of Excel are created based on the user’s needs.

If you need Excel Assignment Help, you can ask our experts at any time.

Frequently Asked Questions

How is Excel useful in our life?

Uses of  Excel in daily life perform the analysis, calculation, and data and information visualization. In the excel spreadsheet, users can perform all types of analytical, financial, data manipulation, logical calculation,  data analysis, and visualization of information quickly using formula and function.

Why is Excel so popular?

The main reason why excel is so popular among researchers is that charts are more straightforward to maintain and control in Excel. Accounting and Finance are the business sectors where Excel spreadsheets are the most used tools to get budgetary reports or estimates.

Is Excel hard to learn?

Excel is a complex software with so many functionalities under its surface, and it can seem not easy to learn. However, Excel is not as complicated to learn as several people think. With the right practice and training, you can develop your Excel abilities and open yourself up to wider job opportunities.

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