Importance of MS Excel in our daily & Business Lives

WHAT IS MS EXCEL?

MS Excel is a spreadsheet programme developed by Microsoft in 1985, with the sole purpose of helping businesses compile all their financial data, yearly credit, and yearly debit sheets. Fast forward to the future after 31 years, it is now the most commonly used program for creating graphs and pivot tables. However, many still believe it is just a mere tool for small business purposes. That’s WRONG! Today, we are going to look at some of the major important purposes MS Excel is most used for. So, let’s start!

In today’s fast-paced world, the importance of MS Excel in our daily and business lives cannot be overstated. Whether you’re a data analyst, a remote worker, or someone managing their own business, Excel plays a pivotal role in organizing, analyzing, and presenting data effectively. It empowers professionals to make informed decisions, streamline processes, and boost productivity. If you’re looking to excel in the field of data analysis, especially in a remote capacity, check out this job opportunity for a Data Analyst with Excel proficiency on Jooble.org. Explore the job posting and discover how your Excel skills can open doors to exciting career opportunities

IMPORTANCE OF MS EXCEL IN OUR DAILY AND BUSINESS LIVES:

Easy Arithmetic Solutions
Perhaps the most important use of MS Excel is using its ability of mass arithmetic calculations. With a vast program full of formulae, it can add, subtract, multiply and divide hundreds of numbers altogether, and can easily re-do it if a value is changed or added. This feature can be used to easily make a company’s yearly sales and other spreadsheets.

Formatting Options
The various formatting options, including italics, highlighting, and colours, allow businesses to bring the most important data to be different from the rest. A number of tasks achieved through this tool are beyond impressive, with entire row highlighting and comparing lists and values to name a few. You can use them to highlight specific entries in Accounting.

Availability of Online Access
Excel is part of the Office 365 Productivity Suite, Which means that business employers and their employees can easily access their files over the cloud network, free from the bondages of file transfer. Using a web-enabled PC, mobile or tablet, you can use the same programme and access the same file remotely, making it easy to do changes if you can’t access your PC and need to send the spreadsheet immediately!

Charts for Analysis
If you are working in a large association where the boss wants the detailed visual representation of the various sectors of the business, you’ll need to draw charts. MS Excel makes it easy to do so! After filtering and correctly inputting data, you can turn it into a Pie Chart or Clustered Columns with a single click. Even better, it allows you to customise the colours and boundaries of the charts and pie diagrams!

Bring all the data in one place
Containing over 1,048,576 rows and 16,384 columns each in the spreadsheet, with hundreds of them, or even more if your PC is capable, in a single file, Excel allows you to create spreadsheets bigger than 20 A1 papers! You can import data from other spreadsheets and add pictures and other objects through the insert tab, making it easy to put all the data you collected in various files in one place.

Human Resource Planning
Although there are other systems such as Oracle, or QuickBooks for planning this, Excel allows you to manage it all in one file! You can summarise an employee’s expenses, their pay per hour, and easily discover wrong entries. Human Resource Professionals use this to take the whole employee journal in bulk and use it to plan future credit and decide whether to invest more or not, making it important for the control of the future.

Putting forward all these uses, MS Excel has been proved to be an important resource for business and financial analysis. If you want to, you can learn more about this programme and take courses here:

1. Microsoft Excel 2013 – Beginner to Advanced
2. Microsoft Excel 2013 – Intermediate
3. Microsoft Excel 2013 – Beginner
4. Microsoft Excel 2013 – Advanced
5. Advanced Microsoft Excel 2016 Training