The Importance of Excel for Your Business
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. If you need to calculate formulas, organize data, create graphs, etc. , the Excel can do this for you and a lot 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. In Excel you can get your data organized through graphs, tables, and more. 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. Backorder situations will no longer be experienced and your business will not lose money on lost inventory.
Another way to use Excel is as a calendar for your employees’ work schedules. This will show your employees when they have to come to work. Excel has advanced features that will allow them to swap time with other employees. All this information can be accessed by the administrators.
You can track your weekly and monthly goals on a spreadsheet. Specific details can be written on when the goal has to be met. They can also mark it off when completed on the spreadsheet. Administrators can then know which employees are hitting their goals and which are not.
Spreadsheets can be used for logging time. It is possible to log anything like date, time in, time out, lunch break and more in your spreadsheet. Employees can log their time while you can check them easily. Excel also gives you the total number of hours each employee has worked. It can also calculate the total hours of all employees and the amount you will pay in a payroll daily.
Excel can also help in CRM. You can include any information about your customers because it is customizable. You can make changes in your data is the future easily.
If you want to make sense of your data, you can easily analyze it in Excel. Data is easily sorted and retrieved. You can customize your calculator if they need to be done repeatedly. You will then simply input your data, and Excel will calculate it for you. Charts and graphs will help you analyze data.