The Versatile Power of Microsoft Excel: The Ideal Tool for Calculations and Reports - Essay Sample

Introduction

Microsoft Excel is one of the most popular spreadsheets applications that are used today due to aggressive marketing. It features an instinctive interface and capable of graphing tools (Anderson, Sweeney, Williams, Camm, and Cochran, 2020). Excel users can run complicated calculations to derive any information they want. Excel performs in the report when the format is not going to alternate. If the user wants to run data, excel can do primary calculations and also make statistical comparisons as well.

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Excel allows the user to retain imperative data and numbers in a common platform. Majorly, the organization is key when dealing with expenses and budgets. It makes it easier to navigate information in a spreadsheet. Excel is an excellent tool in terms of finances and keeping track of company expenditures. Economic specialists focus their consideration on chart features and the convenient grid (Anderson et al., 2020). It can be used to keep a track record in a series analysis as well as enhance the business's management.

Excel allows planning for the future in the fact that it prepares unpredicted and unfavorable costs in the future. Due to the exact figures and real facts, you can easily guess the unexpected future. The stages of a group are key, particularly when dealing with finances (Anderson et al., 2020). Keeping organized in excel will ease the stress of scrambling with handwork when you need to find something. There is a range of tools that can be used to translate and subsequently transfer information into visual data. Diagrams can easily transform customer data into understandable data.

The ability to share information luckily to coworkers is a requirement; that is why excel allows teams to put the effort in the actual period. Large files can be shared as well to a big team. It is also possible to import images and texts from other spreadsheets (Anderson et al., 2020). Additionally, excel can be accessed online from a range of devices. Key points to other users can be demonstrated in a straight forward manner. The trend lines in excel can as well be extended beyond the graphs. Future predictions can also be used to develop a future strategy in a business.

Conclusion

In conclusion, Microsoft excel has been recognized valuable in day to day business explores productive creativity in users. Diversity makes it easier to come up with solutions hence increasing effectiveness. It is very popular since the user can formulate methods for calculating annual reports. It also keeps track of records of sales and invoice reports. In accounting, they can create a basic checkbook ledger, unlike the manual form; hence it is essential for business and to reap the best results.

References

Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2020). Modern business statistics with Microsoft Excel. Cengage Learning. https://books.google.co.ke/books?hl=en&lr=&id=LwfFDwAAQBAJ&oi=fnd&pg=PP1&dq=importance+of+microsoft+excel+in+business&ots=S4CQbsp4WM&sig=sbGRapBsxUq3yRPAO85XSWEO3Dg&redir_esc=y#v=onepage&q=importance%20of%20microsoft%20excel%20in%20business&f=false