The Benefits of Using Microsoft Excel
Excel has been in existence for almost 3 decades now and it has helped many businesses that use it for their operations. If you aren’t using Excel today, then you should know the reasons why you should. There are many things that Excel can help your business with. 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.
Here are some of the reasons why you should train your employees to use Excel.
Efficiency is important in business and your employees can be efficient if every data they work with is organized. There are many ways to organize data and the best way is to use Excel. There are many different options of organizing data including the use of tables or graphs. Spreadsheets can be added depending on the need and every employee can access and these and add to them. 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. Descriptions, wholesale costs and retail costs can be added in your spreadsheet. It will help you to determine how items are sold and how many are left. You will be able to know if you need to restock. 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. By looking at the calendar they will know their work schedule. Excel has advanced features that will allow them to swap time with other employees. These updates will be seen on your end as well.
You can track your weekly and monthly goals on a spreadsheet. In Excel you can add details to your goals like when it should be completed or met. Once completed, you can also mark it off on your spreadsheet. You can then tell who is hitting their goals and who are not.
One important use of spreadsheets is for time log. Date, time in, time out, lunchtime, and other times can be logged in your spreadsheet. You can check employees time logs. The total hours worked by each employee can be calculated in Excel. AT the end of the day, Excel can give you the total hours of all employees and how much you need to pay them.
You can use excel for CRM. Excel is customizable so you can include any information about your customers. It is also easy to change anything in the future.
Any size of data can be analyzed and made sense of. Data is easily sorted and retrieved. You can customize your calculator if they need to be done repeatedly. Excel can easily calculate and you only need to punch in the numbers. Data analysis will come easy with charts and graphs.