The Benefits of Using Microsoft Excel
Microsoft Excel has long been used by many businesses to make their business operations more efficient. If your business is not using Excel, then you are missing out on a tool that can help you simplify many business processes. You can do a lot of things in Excel. 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.
It is important to be efficient in business and this can be done when data is organized. The main benefit of Excel is that it can help you organize data. Data can be organized with the use of graphs, tables, and more. You can add to your spreadsheets over time and it allows access for other employees to do so as well. All these data can be viewed by the admin in a single place.
Excel can also be used by companies with physical products to track inventory. You can add descriptions to the items as well as wholesale and retail costs. You can determine the amount of inventory you have sold and how much left. 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. Advanced features of Excel allow then to swap hours with other employees. These updates will be seen on your end as well.
Weekly and monthly goals can be kept track of on a spreadsheet. Details on when the goals should be met can also be added. Once completed, you can also mark it off on your spreadsheet. As an admin, you will know which employees are hitting their goals and who is not.
You can also use spreadsheet for you time logs. You can log anything from date, time in, time out, lunchtime, etc. Employees can log their time while you can check them easily. Excel also gives you the total number of hours each employee has worked. Excel calculates the total hour of all employees so you will know the amount to pay for daily payroll.
You can use excel for CRM. You can customize excel to include the information that you want to put about your customers. Changes in the future can easily be made.
You are able to analyze big or small data and make sense of it. Sorting and retrieving data is easy to do. You can customize your calculator if they need to be done repeatedly. Then you will simply punch the numbers and Excel can give the answers without using a calculator for it. Data analysis will come easy with charts and graphs.