The Benefits of Using Microsoft Excel
Microsoft Excel has long been used by many businesses to make their business operations more efficient. If you aren’t using Excel today, then you should know the reasons why you should. Know the Excel has many capabilities. It can calculate formulas, create graphs, organize data, and more. If you want to learn Excel with your employees, then take courses online; it is easy to learn.
The importance of Excel for your business is given below.
Efficiency is important in business and your employees can be efficient if every data they work with is organized. The main benefit of Excel is that it can help you organize data. There are many different options of organizing data including the use of tables or graphs. Other employees can access these spreadsheets to which they can also add their own data. Business administrators can see the progress through their access of the spreadsheets as well.
Excel can also be used by companies with physical products to track inventory. Descriptions, wholesale costs and retail costs can be added in your spreadsheet. Data on the inventory you have sold and the remaining items can be determined through your spreadsheet. Restocking then is easily done with the data given in Excel. With this, you don’t have to encounter backorder situations or lose money on lost inventory.
An Excel calendar can be used for your employees‘ work schedule. An EXcelc calendar will let workers know when they have to come to work. Excel has advanced features that will allow them to swap time with other employees. These updates will be seen on your end as well.
Your spreadsheet can be used to track weekly and monthly goals. Details on when the goals should be met can also be added. Then you can mark it off as completed in your spreadsheet. As an admin, you will know which employees are hitting their goals and who is not.
One important use of spreadsheets is for time log. Date, time in, time out, lunchtime, and other times can be logged in your spreadsheet. It is easy for admin to check log times of employees. Excel can calculate the total hours worked by each employee. It can also calculate the total hours of all employees and the amount you will pay in a payroll daily.
You can use excel for CRM. You can customize excel to include the information that you want to put about your customers. You can make changes in your data is the future easily.
If you want to make sense of your data, you can easily analyze it in Excel. Sorting and retrieving data is easy to do. You can customize your calculator if they need to be done repeatedly. Excel can easily calculate and you only need to punch in the numbers. Data analysis will come easy with charts and graphs.
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