Importance of EXCEL/SPREADSHEET

Excel
Microsoft Excel is a spreadsheet program. That means it's used to create grids of text,
numbers and formulas specifying calculations. That's extremely valuable for many businesses,
which use it to record expenditures and income, plan budgets, chart data and succinctly present
fiscal results.
It can be programmed to pull in data from external sources such as stock market feeds,
automatically running the data through formula such as financial models to update such
information in real time. Like Microsoft Word, Excel has become a de facto standard in the
business world, with Excel spreadsheets frequently emailed and otherwise shared to exchange
data and perform various calculations. Excel also contains fairly powerful programming
capabilities for those who wish to use them that can be used to develop relatively sophisticated
financial and scientific computation capabilities.
Excel is currently the mostly widely used project management tool for professionals. You
may not want to hear that especially if you are a VP who just implemented a multi-million-dollar
project management system but it’s true. Many of those overseeing programs in your company
turn to Excel to handle day-to-day project management and reporting. They do this even if you
have multiple in-house project management software packages at their disposal.
The widespread reliance on Excel for project management might surprise some readers.
After all, using Excel for real project management tasks used to be a taboo in the industry. But
most, if not all, of the construction project managers we talk with admit that Excel is their go-to
tool for multi-million – even billion – dollar projects because it is easy to use. Excel is a flexible
and easy project management tool because it is simple for project teams to update data and create
and share reports. Collaboration is easy, since everyone has Excel and is familiar with the
software.
Spreadsheet
Spreadsheets are an essential business and accounting tool. They can vary in complexity
and can be used for various reasons, but their primary purpose is to organize and categorize data
into a logical format. Once this data is entered into the spreadsheet, you can use it to help
organize and grow your business.
A spreadsheet is an easy way to store all different kinds of data. These data types can
include financial data, customer data and product data. Excel spreadsheets can support more than
a million rows and more than 16,000 columns, so you’ll have plenty of space to store a huge
amount. That’s what makes them ideal for database creation. Businesses across the world use
spreadsheets to keep track of their business accounts. You can enter formulas that will do all of
your business calculations as you go without the expense of using accounting software.
Spreadsheets will do all the calculations for you, which saves you having to do those calculations
manually.