What would you use microsoft excel for

The main uses of Excel include:

  1. Data entry.
  2. Data management.
  3. Accounting.
  4. Financial analysis.
  5. Charting and graphing.
  6. Programming.
  7. Time management.
  8. Task management.

Contents

  • 1 What are the 10 uses of Microsoft Excel?
  • 2 What are the 3 common uses for Excel?
  • 3 What are 7 things you can use Excel for?
  • 4 What is advantage of Microsoft Excel?
  • 5 What are the 5 uses of spreadsheet?
  • 6 What can excel be used for at home?
  • 7 What are the 5 functions in Excel?
  • 8 How does excel help students?
  • 9 What is a spreadsheet and give examples?
  • 10 Can I learn Excel in a day?
  • 11 How hard is Excel to learn?
  • 12 Is Microsoft Excel a skill?
  • 13 How are spreadsheets useful for users?
  • 14 What is the difference between spreadsheet and Excel?
  • 15 What software is used for spreadsheets?

What are the 10 uses of Microsoft Excel?

Top 10 Uses of Microsoft Excel in Business

  • Business Analysis. The number 1 use of MS Excel in the workplace is to do business analysis.
  • People Management.
  • Managing Operations.
  • Performance Reporting.
  • Office Administration.
  • Strategic Analysis.
  • Project Management.
  • Managing Programs.

What are the 3 common uses for Excel?

The three most common general uses for spreadsheet software are to create budgets, produce graphs and charts, and for storing and sorting data. Within business spreadsheet software is used to forecast future performance, calculate tax, completing basic payroll, producing charts and calculating revenues.

What are 7 things you can use Excel for?

More Than a Spreadsheet: 7 Things You Can Do with Microsoft Excel

  • Accounting. Excel has long been a trusted accounting tool.
  • Data Entry, Storage, and Verification. At its core, Excel is data-entry software.
  • Data Visualisation.
  • Data Forecasting.
  • Inventory Tracking.
  • Project Management.
  • Creating Forms.

What is advantage of Microsoft Excel?

Easy data entry and operations: One of the main advantages of MS excel is that it facilitates smooth and easy data entry. Compared to any other data entry and analyzing tools, MS Excel offers features like Ribbon interface, a set of commands used to perform certain operations.

What are the 5 uses of spreadsheet?

What Is the Purpose of Using a Spreadsheet?

  • Business Data Storage. A spreadsheet is an easy way to store all different kinds of data.
  • Accounting and Calculation Uses.
  • Budgeting and Spending Help.
  • Assisting with Data Exports.
  • Data Sifting and Cleanup.
  • Generating Reports and Charts.
  • Business Administrative Tasks.

What can excel be used for at home?

You can use Excel to store, organize, and analyze data. Excel is Microsoft’s spreadsheet program, a part of the Microsoft 365 suite of products. Here’s a crash course in the basics of using Microsoft Excel.

What are the 5 functions in Excel?

5 Functions of Excel/Sheets That Every Professional Should Know

  • VLookup Formula.
  • Concatenate Formula.
  • Text to Columns.
  • Remove Duplicates.
  • Pivot Tables.

How does excel help students?

Excel reduces the difficulty of plotting data and allows students a means for interpreting the data.This goes a long way toward helping them understand the relationship between the data and the chart. Excel can easily convert any chart or data set into a web page, making it very easy to share information among groups.

What is a spreadsheet and give examples?

The definition of a spreadsheet is a piece of paper or a computer program used for accounting and recording data using rows and columns into which information can be entered. Microsoft Excel, a program in which you enter data into columns, is an example of a spreadsheet program.

Can I learn Excel in a day?

It’s impossible to learn Excel in a day or a week, but if you set your mind to understanding individual processes one by one, you’ll soon find that you have a working knowledge of the software. Make your way through these techniques, and it won’t be long before you’re comfortable with the fundamentals of Excel.

How hard is Excel to learn?

Excel is a sophisticated software with loads of functionality beneath its surface, and it can seem intimidating to learn. However, Excel is not as challenging to learn as many people believe. With the right training and practice, you can improve your Excel skills and open yourself up to more job opportunities.

Is Microsoft Excel a skill?

What are Excel skills? Excel is a program within the Microsoft Office Suite. It contains a spreadsheet that can automatically input, calculate and analyze data, which makes it a valuable skill for the workplace. Employees can use Excel to accomplish an abundance of daily tasks.

How are spreadsheets useful for users?

A spreadsheet is a tool that is used to store, manipulate and analyze data.These programs allow users to work with data in a variety of ways to create budgets, forecasts, inventories, schedules, charts, graphs and many other data based worksheets.

What is the difference between spreadsheet and Excel?

And unlike Excel, Sheets is free.Sheets are also better for collaboration, as the program was developed for ease of use and online sharing. Still, for those who use spreadsheets for serious data analysis or visualization, Excel remains the superior product. Excel has more built-in formulas and functions.

What software is used for spreadsheets?

Microsoft Excel (Web, Windows, Mac, Android, iOS) Microsoft Excel is the quintessential spreadsheet app. Introduced in 1987, Excel has been a mainstay of the Microsoft Office suite since 1995.

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

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.

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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.

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.

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  • 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.

As a topmost spreadsheet application on this planet, Microsoft Excel has a lot of benefits for anyone who knows how to use it.

And if you are one of those people who want to learn it and wondering how this can help you in your work, when I have listed the top ten benefits of Microsoft Excel here.

  1. Best way to store data
  2. You can perform calculations
  3. All the tools for data analysis
  4. Easy to data visualizations with charts
  5. You can print reports easily
  6. So many free templates to use
  7. You can code to automate
  8. Transform and clean data
  9. Store data with millions of rows
  10. You can work with Excel online + mobile app

Don’t forget to download this EXCEL PRODUCTIVITY BUNDLE (E-BOOKS) from here to level up your EXCEL SKILLS this year.

1. The Best Way to Store Data

Even if you don’t use any of the options or any tool which Excel offers you, it is the best way to store data. Why I’m saying this because Excel is a kind of application that is used by millions of people.

So when you store data in Excel and then share it with others, they can access it easily.

2. You can perform calculations

What makes Excel the best spreadsheet application on the planet is its ability to perform calculations. In Excel, you have a complete list of functions that you can use for the calculations.

Basically, an Excel function is a predefined formula that returns a specific result based on the values you specify.

But apart from that, you can also create your own formulas by combining two or more functions or just by performing calculations using operators.

  • 100+ Excel Formulas List
  • 100+ Excel Functions List

Quick Formulas: Calculate Time Difference – Compound Interest – Count Cells with Text – Count Unique Values – Quarter Formula

3. All the tools for data analysis

The core motive of having data is to analyze and get insights out of it. The good news is Excel has some of the most powerful tools to analyze data.

Imagine you have data with thousands of rows, you can insert a pivot table out of that data and create a summary table.

Some of the things you can do with pivot tables to analyze data: Grouping Dates in a Pivot Table – Conditional Formatting in a Pivot Table – Rank Column in a Pivot Table – Add a Date Timeline in a Pivot Table – Running Total Column in a Pivot Table

4. Easy to Create Data Visualizations with Charts

In Excel, you have all those options to create charts and present your data in a visual way.

All those major types of charts that you need to use to present your data are already there and you can insert them with a single click.

If you go to the Insert Tab, in the charts group, you can find all the charts which you can insert.

Not just that, there’s also a button called recommended charts that you can use to let Microsoft Excel recommend you the best possible chart to use for the data you have in your worksheet.

And if you think that you need something other than the default charts you have the option to create advanced charts using some specific methods.

Here we have a list of the top 10 ADVANCED EXCEL CHARTS that you can use in Excel. And you can also create in-cell charts to make your data easily understandable for anyone.

5. You can Print Reports Easily

Even if you are a person who likes to save trees but there could be a point where you need to print reports to share with others or present them to someone.

Well, Excel allows you to print with a lot of customization where you can change the margin, paper size, orientation, etc.

There are a whole bunch of options that you can use for page setup before printing a report.

6. So many free templates to use

One of the most popular things about Excel is you can create dashboards and templates.

There are a whole bunch of free templates that you can download and use.

Free Excel Templates to Start with

  • Excel Inventory Template with Formulas
  • Sales Template
  • Expense Tracker

7. You can code to automate

Microsoft Office has its own coding language which is called VBA (visual basic for applications) and it allows you to write code for almost all the activities that you perform manually in Excel.

You can automate all kinds of activities from simple (make a text bold) to complex (insert a pivot table) using a VBA code.

Start Learning VBA

  • Excel VBA Tutorial (Chapter-by-Chapter Guide)
  • Macro Examples + Free PDF
  • VBA IF
  • VBA Message Box
  • Personal Macro Workbook
  • VBA Functions

Once you learn the basics of VBA, you can also create a custom function by writing code.

8. Transform and clean data

If you are one of those people who work with data a lot or you know someone who works, there are a lot of situations where you need to deal with messy data which you need to clean before you use it.

The process of cleaning and transforming data takes a big chunk of your time and it can be a tedious process.

For this, Microsoft has introduced the power query which is a data transformation and cleaning engine well you can load data from multiple sources, transform it, and then load it back to the worksheet.

What makes power query such a powerful tool? Check out this complete POWER QUERY guide to understand.

9. Store data with millions of rows

Well, there is no limit to data, but Excel has a limit in terms of rows and columns. So that’s why Microsoft came up with Power Pivot where you can store data with millions of rows and then you can perform calculations within Power Pivot.

See this (Power Pivot – Overview and Learning)

10. You can work with Excel online +  mobile app

As most companies these days are moving to the cloud and Microsoft Excel has its own web version. It has so many features, like functions, pivot tables, and pivot charts just like the desktop app.

And recently Microsoft has launched its all-in-one office app that you can use to work on spreadsheets and mobile as well.

Start your Excel Learning.

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