Mastering Excel is a great investment in yourself and your future. More businesses are adding Excel mastery as a requirement when recruiting new employees. Knowing your way around Excel also helps you to get important tasks done faster. Even better, there are other reasons why Excel mastery is (still) a must.
Complex Calculations Made Easy
Complex calculations are not always easy to do with a calculator or an app, but it is easy to tackle with Microsoft Excel. You can add values to columns and work your way towards creating a formula that suits the specific calculation you want to do.
There is no shortage of Excel tips to help you get even the most complex, multi-layered calculations done too. You can, for instance, use conditional formatting to calculate a value based on different possible scenarios.
A Great Analytics Tool
Since there is no limit to the kind of formula you can run in Excel, the software is also great for processing data. For starters, you can sort through and process large amounts of data with the help of a pivot table. You can then use visualization tools like charts to make understanding the data easier as well.
Need to perform a more advanced analysis? Excel has plenty of add-ons designed to make data analysis more manageable. ToolPax, a popular add-on in this category, can even perform many of the complex analysis routines automatically.
Specific Tasks
In a business environment, Microsoft Excel is indispensable. There are so many specific tasks you can do using nothing but Excel and a few formulas. For instance, you can create a work scheduling or a timesheet for the projects you handle in great details.
You can use Excel to do accounting – yes, including business accounting – and keep track of your business expenses. Even better, Excel can be used to create forecasts, so you can use historic data to create a budget for the following cycle.
It doesn’t stop there. While there are a lot of specific solutions on the market, many sales officers still track their customers using Excel. Product sales and revenue tracking are also easy with Excel at your fingertips.
Futureproof
The ultimate reason to master Excel, however, is the futureproof nature of it. Sure, Microsoft may decide to release another software. An Excel competitor may even replace its place as the global standard. Despite these possibilities, your Excel skills will continue to be valuable and relevant.
The formulas are the same. The ways you organize and analyze data don’t change. Even the basic principles behind a spreadsheet aren’t changing in the near future.
So, invest in getting to know Microsoft Excel and gather as many advanced Excel tricks as you can. There is no better time to start with developing your Excel skills than today.
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