As a productivity tool that can also be used to improve communication, spreadsheets offer benefits to a diverse range of departments within a company. When used strategically and regularly, spreadsheets can abolish the need for expensive software for any department it serves. Presentations When preparing a presentation for a meeting, a spreadsheet can help you organize your information.
As a productivity tool that can also be used to improve communication, spreadsheets offer benefits to a diverse range of departments within a company. When used strategically and regularly, spreadsheets can abolish the need for expensive software for any department it serves.
Presentations When preparing a presentation for a meeting, a spreadsheet can help you organize your information. You can print spreadsheet tables, graphs and calculations to share with other attendees.
Tangible references make your presentation easier to follow and give meeting attendees a reference for future use. Illustrating Scenarios Spreadsheets allow businesses to compare and contrast information quickly.
If a business professional need to know the financial impact of a certain task or action, he can rely on the use of a spreadsheet. Multiple tabs can be added to spreadsheets so the document holds a variety of spreadsheets in one.
This can be useful in scrolling between hypothetical business scenarios before making a final decision on a project. With a layout consisting of rows and columns, spreadsheets allow for the quick formatting of a business budget. Accounting professionals can add budget categories as needed and share the information with decision makers in a clear format.
As numerical data changes, accounting professionals can make quick changes creating multiple electronic budget formats to track adjustments. Formulas Spreadsheets allow businesses to compile and organize business intelligence.
Spreadsheets can quickly calculate percentages and totals of data compiled from marketing research studies. Formulas can be set up between tabbed pages to show how information is interrelated.
Without the help of a spreadsheet, all calculations would have to be conducted manually, which leaves increased room for error.
Task Management Spreadsheets are frequently used in project management. Managers can assign tasks by creating grids with the names, responsibilities and due dates for each person in a department.
Each person in the department can view how tasks are allocated with ease. This benefit extends to event planning, managing marketing campaigns and a host of other deadline-oriented group projects.
Best practices for using spreadsheets as BI tools About the Author Lanae Carr has been an entertainment and lifestyle writer since She began as a staff writer for the entertainment section of the "Emory Wheel" and she writes for various magazines and e-newsletters related to marketing and entertainment.
Cite this Article A tool to create a citation to reference this article Cite this Article.Many companies use spreadsheets to store information, but they also have other valuable functions.
Companies use spreadsheets to model and manipulate data sets, create graphical visualizations. Business and Personal Use Are you in need of spreadsheets for budgets, loans, calendars, financial statements, business forms, contacts, diet and fitness, lists, sports pools, home organization, or childcare?
A spreadsheet is an interactive computer application for organization, analysis and storage of data in tabular form. Spreadsheets are developed as computerized simulations of paper accounting worksheets.
The program operates on data entered in cells of a table. Each cell may contain either numeric or text data, or the results of formulas that . Create a new spreadsheet and edit with others at the same time -- from your computer, phone or tablet. Get stuff done with or without an internet connection.
Use Sheets to edit Excel files. Free from Google.
Companies use spreadsheets for a variety of purposes. The programs can calculate, sort and analyze data so that management is better able to understand how the business is functioning.
Here are a few examples of how to use Excel spreadsheets for basic small business accounting. How to Use Excel to Track Supplies, Purchases and Expenses Entering data into Excel to maintain a record of your supply purchases, sales .