By . Inventory Spreadsheet. At Friday, May 14th 2021, 19:51:43 PM.
A spreadsheet on paper is a table of rows and columns generally used in accounting. An electronic spreadsheet, like Microsoft Excel, is a table of rows and columns that can contain data items or formulas, and is stored as a computer document. The data items can be numbers, words, paragraphs, dates, money values and number formulas among other things. The power of an electronic spreadsheet is its ability to calculate, manipulate and display data based on entries in the table. Without having a specialized computer accounting package, knowing how to use a spreadsheet is very important for managing your business. Being able to set up and understand a spreadsheet will help in predicting likely financial outcomes. You may be able to better forecast possible increases or decreases in your expenses or income, based on what you know now. But a spreadsheet is also used for the general analysis of data, including scientific results from experiments, statistical analysis, and of course, analyzing various financial models.
XL Spreadsheet lunacy in IT? It still amazes me to learn how many companies are managing their IT networks using XL Spreadsheets. This is either a compliment to Microsoft for creating a powerful spreadsheet application that serves many purposes or is it a sign of lunacy on behalf of IT? Many businesses still rely on using XL spreadsheets to keep tabs on their IT infrastructure, be that running an IT Help desk or auditing their network. Is this just a case of the old school verses technical phobia or is it just budget conscious IT departments? Whats wrong with the good old spreadsheet anyway one might ask? Why be sucked into using technology for technology sake?
The spreadsheet was introduced back in the 1980s and evolved into a complex program, but with the right experience it can be an effective tool for estimating large or small projects. Standalone programs work fine for estimating large projects; however they cannot estimate all structural elements of the project, such as, concrete, reinforcement, form-work, excavation, and back-fill at one time. Because of this restriction, contractors are forced to develop spreadsheet calculators ensuring bids were covering all required disciplines in their bids to ensure correctness. Construction bids missing important materials or a labor calculation is the number one reason companies incur large loses on projects they would generally have slim profits designed into the bid.