By . Inventory Spreadsheet. At Sunday, May 09th 2021, 17:24:56 PM.
Electronic Spreadsheets Give Insight into Business Financials Say you have a seasonal business and know that you do well during the summer and the winter holidays and nose-dive in January through March. You can use a spreadsheet to help you budget during the fat times to have some cash padding during the lean times. You can also look years into the future and get an idea of how small changes may affect your overall financial picture. Even someone that will not be using a spreadsheet for business can use one for estimating costs at home. Spreadsheets are Handy for Home DIY Projects Too Perhaps you are considering a DIY project like building a shed. You may have a gut feeling that a 15 foot by 15 foot shed will cost more in lumber and nails than a 12 foot by 12 foot shed, right? Well, setting up information on the size of the shed and the costs of nails and boards, in your spreadsheet, will better help you estimate the overall cost of your project. This could mean the difference between completing your project or running out of money when the project is almost finished. These examples just scratch the surface when it comes to why someone should learn how to use a spreadsheet such as Microsoft Excel. MS Excel is the most widely used electronic spreadsheet ever, and is an incredibly power tool. Those who can quickly set up spreadsheets using Excel, have a huge advantage in so many ways.
Responsibility: So who changed what, why, and when? Are you working with the latest version or is someone else out there making further edits? And with the looming presence of Sarbanes Oxley, tracking the formation of the work product is now a corporate imperative. Safety: There are good reasons a company spends millions of dollars on security for its servers and its data. In the wrong hands, company secrets can be divulged or employee information can be compromised. Email and Office applications have come a long way in the last 20 years. But business imperative notwithstanding and despite the dependence on these technologies, by themselves in their current state, they represent a band-aid, not a breakthrough.
The concept of spreadsheeting has been around for hundreds of years. The process can be described as the ability to arrange numbers, characters and other objects into rows and columns. It is most common that spreadsheets only contain numbers and text. The software version of spreadsheeting basically takes the manual processes described above and puts them into an electronic format. Whilst the accounting industry which most commonly uses spreadsheets they can be used in any situation. The types of industries that use spreadsheets include the science industry, financial services industry, aviation industry, civil and mechanical engineering industry, education, research, science, bio-sciences, marine biology, the list is endless. Essentially any industry that requires the ability to plan, analyse and model data.