Fortunately, Excel can help to keep employees, business owners, or even individuals organized and on top of their inventory-before any major problems crop up. If you need to find a way to represent data in a more visual and digestible way, Excel’s ability to transform rows and columns of digits into beautiful charts is sure to become one of your favorite things about it. Pie charts, scatter charts, line charts, bar charts, area charts, column charts-the list goes on and on. And, considering that 89 percent of companies utilize Excel for its various accounting functions, it obviously fits the bill.Įxcel even has numerous different spreadsheet templates to make all of those processes that much easier. Excel was pretty much designed to meet these different accounting needs. That way, you just need to punch in your digits and Excel will spit the answer out for you-no elbow grease required.īudget plans, forecasts, expense tracking, financial reports, loan calculators, and more. However, in an effort to demonstrate the power and flexibility of everybody’s favorite spreadsheet tool, we’ve pulled together different ways that you could use Excel-both professionally, personally, and just for the fun of it.įind yourself running the same calculations over and over again? Build yourself a totally customized calculator in Excel by programming your commonly-used formulas. In fact, the potential uses are seemingly endless.

As Tomasz Tunguz points out, there are tons of uses of Excel in business (and beyond) outside of simple spreadsheets. It’s true-with more than one billion Microsoft Office users globally, Excel has become the professional standard in offices across the globe for pretty much anything that requires management of large amounts of data.īut, if you think Excel is only good for making you cross-eyed while looking at a bunch of numbers and financial reports, think again. Chances are, that word alone inspires visions of lengthy spreadsheets, complicated macros, and the occasional pivot table or bar graph.

Five uses of microsoft excel