Main benefits, features and practical uses of Microsoft Excel

Excel is fully packed with powerful features that make it useful to suit everyone’s needs, be it for academic or business purposes. Over the years, subsequent developments have only contributed to the great functionality of this Microsoft office application while maintaining its ease of use to be used by anyone of any skill level.

What are the main benefits of using Microsoft Excel?

Organizing and comparing data can become a tedious and overwhelming task if it weren’t for Microsoft Excel. It allows users to easily create, organize and compare lists. With the spreadsheet format of this application, you will find it convenient to separate rows and columns of data.

Whether you’re working on a company’s financial data or keeping your personal checkbook, Excel proves to be an easy-to-use application that makes these types of tasks easy and simple. Other uses for Microsoft Excel include completing math homework, creating mailing lists, organizing book, music, and video collections. It also serves as a useful tool for planning your family budget.

What are the features of this application?

Calculating is not a challenging matter with Excel. The application allows you to automatically calculate the average, the sum, the difference or the product of a series of figures. It is also fully packed with functions that can handle more complex financial calculations and statistics. You can also use it for logical statement comparisons.

Other functions include data analysis. Data can be classified, filtered, imported, and used to create pivot tables and charts. Its features also include various tools that allow proper formatting and customization. It’s not even a challenge if you need to work on multiple spreadsheets at the same time. This is because you can create and manage multiple sheets within one workbook in Excel.

What are the common uses of Microsoft Excel?

There are many handy Excel functions. Most people use it to create a personal database. This is because Excel is designed to make collecting, organizing, and analyzing data convenient and simple. The data can be further analyzed as Excel allows the creation of grids and graphs. Doing calculations is also a simple matter with Excel no matter how much data is involved. This makes it ideal for business reports.

Other uses of Microsoft Excel include inventory management, corporate budgeting, and profit balance calculation. Apart from these corporate uses, Excel is also a friendly tool for housewives and students.

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