3 Top Reasons for Using Excel Spreadsheets

Today, the world has so many different types of software applications that can be used to make life much easier and businesses a whole lot more successful. With the sheer number of software products on the market, however, the quests to find the best applications can be overwhelming for any individual or group of people.

As you begin to search for systems that will fit your particular needs and preference, you will start to discover that some software applications tend to be the most commonly known and used. Having said this, if you are looking for a software application that can help you to keep up with your business finances and your personal budgeting, you should check out these 3 top reasons for using Excel spreadsheets.

1. Store and Retrieve Financial Data

One of the top reasons for using Excel spreadsheets for either personal or business purposes is it gives you, the user, the capability to store financial data in a consistent format. Based on the type of financial need that you have, you can create your own special spreadsheets to store all kinds of different data.

From storing the amount paid, and the date paid on any business account to storing a list of due dates all of the accounts that you owe, this software is an excellent tool for those of you who have a need to store and retrieve important financial data at a later date.

2. Manipulate Data

Once you have begun to store all of the data that you need to run your business and personal finances, you do not have to stop there. Since Excel also provides a wide range of additional functionalities, you can use this application to manipulate the data that you have stored. There are over 400 Excel Formulas that have been programmed in the excel sheets that you use to store information. These formulas range from simple to complex calculations that everyone uses to track data in a varied of different ways.

One of the most common calculations is addition, which allows you to add up columns of numbers to come up with the total amount that should be paid on an account.

3. Create Financial Presentation

After you have the data in a specific format, you can also create presentations. For instance, you can create a template to make a graph of the process that you are making when you are conducting certain business activities.