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Hence, we can easily say that countless decisions in a business are taken based on the reports generated by excel. As an example, analysis on sales-related data can be made through which the business can be given a variety of useful information like on which day sales were the highest, which day sales were the lowest, target audience and more. This data can be anything ranging from sales, traffic acquired on the website to inventory management, and more.īy analysing the business, we mean that through this data vital information can be gathered which could be useful for the people running the business in taking some strategic decisions. Moreover, there are daily business tasks like keeping a proper record of the invoices and bills.Īs you already know businesses have a huge amount of data rolling at the backend which is collected based on their daily activities. Pivot tables come with a ton of in-built functions that enable the user to perform numerous tasks on the data.Īs far as finance and accounting are concerned, excel is majorly utilized for running calculations on numbers, creating financial reports, and even in delivering forecasts and making plans supporting various business decisions. Though there are a lot of tools for performance monitoring and reporting, a lot many businesses still use the popular Pivot table in excel. Since a majority of the businesses utilize Excel to store data the same data can be utilized later for office administration tasks like business analysis, accounts and financial information, performance check, and more. You can designate a row or a column to each individual for storing his/her personal information. Personal information can be effortlessly stored in an excel spreadsheet and retrieved whenever required. Microsoft Excel is a great way to manage and organize all the information about these people irrespective of the designation they hold. Of course, a business will have a lot of people employed under it. Hence, it is quite obvious that you can store loads of data in an excel spreadsheet.ĭata entry and storage in excel helps you in managing the people.

If you are utilizing Excel for keying in and storing data, you will already know that the total number of rows and columns on a worksheet are 1,048,576 and 16,384 respectively.

Of course, the first use of Microsoft Excel in business that comes to mind is the basic one i.e. In this post, we are going to have a look at the 5 popular uses of Microsoft Excel in business. You can utilize excel for storing information, analysing and sorting the same, and even for reports preparation. Almost, any business process can benefit from Microsoft Excel Training making it an extremely powerful application. Released way back in 1985, Microsoft Excel has become indispensable in the business world.