spreadsheet or worksheet is a file made of rows and columns that help sort, organize, and arrange data efficiently, and calculate numerical data. What makes a spreadsheet software program unique is its ability to calculate values using mathematical formulas and the data in cells. An example of how a spreadsheet may be utilized is creating an overview of your bank's balance.
Spreadsheet overview
Below is a basic example of what a Microsoft Excel spreadsheet looks like, with all the important features of a spreadsheet highlighted.
spreadsheet is a computer application for organization, analysis and storage of data in tabular form. Spreadsheets were developed as computerized analogs 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 automatically calculate and display a value based on the contents of other cells. A spreadsheet may also refer to one such electronic document.[5][6][7]
Spreadsheet users can adjust any stored value and observe the effects on calculated values. This makes the spreadsheet useful for "what-if" analysis since many cases can be rapidly investigated without manual recalculation. Modern spreadsheet software can have multiple interacting sheets and can display data either as text and numerals or in graphical form.
Besides performing basic arithmetic and mathematical functions, modern spreadsheets provide built in functions for common financial accountancy and statistical operations. Such calculations as net present value or standard deviation can be applied to tabular data with a pre-programmed function in a formula. Spreadsheet programs also provide conditional expressions, functions to convert between text and numbers, and functions that operate on strings of text.
Spreadsheets have replaced paper-based systems throughout the business world. Although they were first developed for accounting or bookkeeping tasks, they now are used extensively in any context where tabular lists are built, sorted, and shared.
LANPAR, available in 1969,was the first electronic spreadsheet on mainframe and time sharing computers. LANPAR was an acronym: LANguage for Programming Arrays at Random. VisiCalc (1979) was the first electronic spreadsheet on a microcomputer, and it helped turn the Apple II computer into a popular and widely used system. Lotus 1-2-3 was the leading spreadsheet when DOS was the dominant operating system. Microsoft Excel now has the largest market share on the Windows and Macintosh platforms. A spreadsheet program is a standard feature of an office productivity suite; since the advent of web apps, office suites now also exist in web app form. Web-based spreadsheets are a relatively new category
What Is the Purpose of Using a Spreadsheet?
Spreadsheets are an essential business and accounting tool. They can vary in complexity and can be used for various reasons, but their primary purpose is to organize and categorize data into a logical format. Once this data is entered into the spreadsheet, you can use it to help organize and grow your business.
Business Data Storage
A spreadsheet is an easy way to store all different kinds of data. These data types can include financial data, customer data and product data. Excel spreadsheets can support more than a million rows and more than 16,000 columns, so you’ll have plenty of space to store a huge amount. That’s what makes them ideal for database creation.
Accounting and Calculation Uses
Businesses across the world use spreadsheets to keep track of their business accounts. You can enter formulas that will do all of your business calculations as you go without the expense of using accounting software. Spreadsheets will do all the calculations for you, which saves you having to do those calculations manually.
Budgeting and Spending Help
Keep track of your business spending on a spreadsheet. You can create custom budget spreadsheets to manage your income and your expenditures so you don’t end up with any surprises when it’s time to file your tax return.
Assisting with Data Exports
Spreadsheets can be used to contain data that has been exported from other systems. Sometimes online data management systems don’t present data in a format that is easy to read, or it is difficult to access the data offline.
Data Sifting and Cleanup
Use your spreadsheets to identify inaccuracies and duplicates in your data. With a spreadsheet, it’s easy to get rid of unwanted or low quality data. This is especially necessary in relation to customer data, which you are required to keep up to date and accurate.
Generating Reports and Charts
Use spreadsheets to report trends or make business forecasts. These reports can be made available to everyone at the company; they can take the time to analyze the data for themselves. It’s easy to make comparisons between sets of data. You can pivot tables to showcase particular aspects of your data as well, which is necessary when you’ve got huge amounts of data to sort through.
Data in a spreadsheet can be used to create charts that can then be used for reporting. You can create graphs and pie charts that condense the data in a format that’s easy to read at a glance. It’s a fantastic feature that can be great for business presentations that require you to showcase lots of data in a short time.
Business Administrative Tasks
Use spreadsheets for the creation of receipts and invoices. You can also use it to do business related forecasts and plan ahead for the future.
These are some of the common purposes spreadsheets are used for, but there are additional ways you can utilize a spreadsheet to achieve your business goals. Configure them to your needs, and tap into all the ways you can use this simple yet effective tool.
- Sol DU online exams from March 15, 4 Important questions
how to protect yourself against cybercrime.( DU sol online exams )
- farmer-protest-live-updates
- CAT2020: Read these important things before going to the exam hall
- Modi government gave big relief, Small Business
- New farm laws and conflict between Govt. & Farmers
- Struggle in Drafting Constitution
- Defamation and IT Act
0 Comments
Please do not enter any spam link in the comment box.