Microsoft Excel is used across the world by many businesses to help them accomplish various organizational tasks. It performs daily complex and huge tasks such as generating memos, managing inventories, tracking sales and provides an interface that allows users to process and organize data. However, many people see Excel as a program that is only for figures, but there are other functions and tricks of Excel that can be used to improve your productivity. Here they are:
Make Use of Excel Templates
Planning how your information will look like can be tiresome and time-consuming, but with Excel, it becomes easier since it offers various ready-made templates, so when designing, you don’t start from scratch.
Use Excel Charts
Excel charts help summarize huge data that is easy to understand using simple illustrations and consume less time. By entering huge data in spreadsheets, one is more prone to errors, and at the same time, it is a tedious job. A single mistake in Excel can be costly, but with certain Excel tricks, one can minimize errors.
How Can Excel Help Improve Productivity
Data Storage and Retrieval
The main function of Excel is to store and retrieve data, either numerical or text-based. It is formatted in a grid of cells that are arranged in the form of columns and rows.
Besides providing tidy storage of data, Excel performs advanced mathematical and organizational capabilities that make processing and interpretation of data, more efficient. This efficiency makes calculating profits and making financial predictions swifter hence delivering detailed statistical analyses in less time.
Small Businesses Benefits
In small businesses, if Excel is used effectively, it would represent another member of staff as it can reliably facilitate huge gross sales calculations and applicable tax and carry out arithmetic tasks to determine commissions and bonuses. Excel also can generate sales reports of a specified time, and through sorting and selection function, reports can be designed to focus on individual employees, brand name, and item type.
In a nutshell, every business aims to become productive and more efficient. Excel helps you to achieve your goal by increasing your speed and accuracy.