Microsoft Excel Is A Powerful ___________ Package

1. Microsoft Excel Is A Powerful __ Package For A
2. Microsoft Excel Is A Powerful __ Package As A

Some argue that off the shelf accounting packages aren't as good as Excel spreadsheets to manage your finances. Although Excel can be customised to a way that could work for you, there are multiple reasons why software ranks supreme over the Excel spreadsheet method.

No, really, it's possible that Microsoft's Excel is the most dangerous software on the planet. Yes, more dangerous than rogue code running a nuclear power plant, than the Stuxnet that was. Some of the features of MS Excel are add header and footer, find and replace command, password protection, data filtering, data sorting, built-in formulae, create different charts (pivot table report), automatically edits the result, formula auditing. What you get with this Ultimate Microsoft Excel Bootcamp package: 4 business focused Excel courses; 280 modules of training, covering the most business-relevant areas of Microsoft Excel. 190+ videos and over 130 downloadable exercises. Tailored learning. If you have some Excel knowledge, you can use the filter to show only what you most need to.

Ease of use

A Microsoft Excel spreadsheet is basically a blank slate on which you can store important financial figures. You can type in any numbers and use simple calculations to create the figures you want to tally. However, if you aren't an Excel expert, then you won't know how to tabulate your finances.

A safer option is to use accounting software, like Pegasus Opera 3 or Sage 200. This is more powerful software is just as easy to use as an Excel spreadsheet, with an added benefit of built-in analysis and automating features. You don't need an accounting degree to keep your books when using accounting software.

Visibility to your economic health

Your financials may seem easy to track in Excel at start-up, but after years of experience, you begin to generate a much larger volume of figures.

Tracking and analysing important financial data becomes harder and more time consuming. With accounting software, it can provide you with balance sheets, income statements, profit/loss statements and reports on your products or services. A few clicks of the mouse and you can share reports with regulatory agencies or review the data that you need to make the quick business decisions that drive business.

Improve productivity and profitability

Accounting software can offer visibility into business operations that can improve productivity and profitability. Monitor supply chain, manufacturing operations, project or service management, human resources, and other business elements in this single software platform. Learn what products or services are your most profitable, streamline operations, and keep on track with your strategic goals. Excel simply can't provide this type of insight.

5 reasons to use accounting software vs spreadsheets

Hit the ground running

Microsoft Excel Is A Powerful __ Package For A

An easy-to-use dashboard is one that you don't have to set up yourself and it will give you confidence from the get go. When you have a clear financial view from the start, you don't need to worry about making uninformed business decisions.

Your data is accurate

Your company's real-time financial data is kept in one central place – online, in the cloud. Waves complete 9.6 for macos. Bank statement lines are fed into your software – it's automatic, and reduces the amount of data entry and potential mistakes.

Out-of-box reports

Get most of the reports you'll ever need, with a few clicks – no need to wait for month end. Real-time reports and budgets are easy to view and share. Tasks like sales tax returns can be completed quicker than if you did it using Excel.

Up-to-date information

Create the information any of your employees might need at a moment's notice. Your SME will be equipped to manage its finances better and more accurately. This is especially important around tax time when data will be shared. Financial tax information is always up-to-date and ready to share.

You'll have a clean audit trail

All of the historical information that your employees may need is available at their fingertips. A proper audit trail ensures your data cannot be compromised. It also records every business transaction. This includes sales contracts, payments to employees, and more. Having a complete audit trail reassures employees about the validity of the company and meets the tax department's needs.

Microsoft Excel Is A Powerful __ Package As A

Conclusion

Excel is a great program for storing small amounts of simple data and it can provide basic levels of accounting functions. As your business grows and you have more data to track and monitor, you'll find greater productivity and profitability with an accounting software solution.

Please contact us for more information about accounting software options that can improve your bottom line more effectively than Excel spreadsheets! Either call us on 0191 500 8150 or email [email protected]

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Learning Objectives

1. Examine the value of using Excel to make decisions.
2. Learn how to start Excel.
3. Become familiar with the Excel workbook.
4. Understand how to navigate worksheets.
5. Examine the Excel Ribbon.
6. Examine the right-click menu options.
7. Learn how to save workbooks.
8. Examine the Status Bar.
9. Become familiar with the features in the Excel Help window.

Microsoft® Office contains a variety of tools that help people accomplish many personal and professional objectives. Microsoft Excel is perhaps the most versatile and widely used of all the Office applications. No matter which career path you choose, you will likely need to use Excel to accomplish your professional objectives, some of which may occur daily. This chapter provides an overview of the Excel application along with an orientation for accessing the commands and features of an Excel workbook.

Taking a very simple view, Excel is a tool that allows you to enter quantitative data into an electronic spreadsheet to apply one or many mathematical computations. These computations ultimately convert that quantitative data into information. The information produced in Excel can be used to make decisions in both professional and personal contexts. For example, employees can use Excel to determine how much inventory to buy for a clothing retailer, how much medication to administer to a patient, or how much money to spend to stay within a budget. With respect to personal decisions, you can use Excel to determine how much money you can spend on a house, how much you can spend on car lease payments, or how much you need to save to reach your retirement goals. We will demonstrate how you can use Excel to make these decisions and many more throughout this text.

Figure 1.1 shows a completed Excel worksheet that will be constructed in this chapter. The information shown in this worksheet is top-line sales data for a hypothetical merchandise retail company. The worksheet data can help this retailer determine the number of salespeople needed for each month, how much inventory is needed to satisfy sales, and what types of products should be purchased.

1. Locate Excel on your computer.
2. Click Microsoft Excel to launch the Excel application and present you with workbook options.
3. Click the first option; 'Blank Workbook'.

Once Excel is started, a blank workbook will open on your screen. A workbook is an Excel file that contains one or more worksheets (sometimes referred to as spreadsheets). Excel will assign a file name to the workbook, such as Book1, Book2, Book3, and so on, depending on how many new workbooks are opened. Figure 1.2 shows a blank workbook after starting Excel. Take some time to familiarize yourself with this screen. Your screen may be slightly different based on the version you're using.

Your workbook should already be maximized (or shown at full size) once Excel is started, as shown in Figure 1.2. If necessary locate the Maximize button as shown in Figure 1.3.

Data are entered and managed in an Excel worksheet. The worksheet contains several rectangles called cells for entering numeric and nonnumeric data. Each cell in an Excel worksheet contains an address, which is defined by a column letter followed by a row number. For example, the cell that is currently activated in Figure 1.3 is A1. This would be referred to as cell location A1 or cell reference A1. The following steps explain how you can navigate in an Excel worksheet:

1. Place your mouse pointer over cell D5 and left click.
2. Check to make sure column letter D and row number 5 are highlighted, as shown in Figure 1.4.

Note: Your highlighted column letter and row number may be different than figure shown.

1. Move the mouse pointer to cell A1.
2. Click and hold the left mouse button and drag the mouse pointer back to cell D5.
3. Release the left mouse button. You should see several cells highlighted, as shown in Figure 1.5.

This is referred to as a cell range and is documented as follows: A1:D5. Any two cell locations separated by a colon are known as a cell range. The first cell is the top left corner of the range, and the second cell is the lower right corner of the range.

1. At the bottom of the screen, you'll see worksheets. Depending on your version of Excel, you will see either three as displayed above or just one. If you only have one sheet, click the 'Insert Worksheet' to add a worksheet. Depending on your version, you instead may have a + sign; a click on the + adds an additional worksheet as well. This is how you open or add a worksheet within a workbook. Add another worksheet so that you now have three sheets displaying here.
2. Click the Sheet1 worksheet tab at the bottom of the worksheet to return to the worksheet shown in Figure 1.5.

Keyboard Shortcuts

Basic Worksheet Navigation

• Use the arrow keys on your keyboard to activate cells on the worksheet.
• Hold the SHIFT key and press the arrow keys on your keyboard to highlight a range of cells in a worksheet.
• Hold the CTRL key while pressing the PAGE DOWN or PAGE UP keys to open other worksheets in a workbook.

Excel's features and commands are found in the Ribbon, which is the upper area of the Excel screen that contains several tabs running across the top. Each tab provides access to a different set of Excel commands. Figure 1.6 shows the commands available in the Home tab of the Ribbon. Table 1.1 'Command Overview for Each Tab of the Ribbon' provides an overview of the commands that are found in each tab of the Ribbon.

Table 1.1 Command Overview for Each Tab of the Ribbon Allegorithmic substance painter 2019 3 3.

The Ribbon shown in Figure 1.6 is full, or maximized. The benefit of having a full Ribbon is that the commands are always visible while you are developing a worksheet. However, depending on the screen dimensions of your computer, you may find that the Ribbon takes up too much vertical space on your worksheet. If this is the case, you can minimize the Ribbon by clicking the button shown in Figure 1.6. When minimized, the Ribbon will show only the tabs and not the command buttons. When you click on a tab, the command buttons will appear until you select a command or click anywhere on your worksheet.

Keyboard Shortcuts

Minimizing or Maximizing the Ribbon

• Hold down the CTRL key and press the F1 key.
• Hold down the CTRL key and press the F1 key again to maximize the Ribbon.

The Quick Access Toolbar is found at the upper left side of the Excel screen above the Ribbon, as shown in Figure 1.7. This area provides access to the most frequently used commands, such as Save and Undo. You also can customize the Quick Access Toolbar by adding commands that you use on a regular basis. By placing these commands in the Quick Access Toolbar, you do not have to navigate through the Ribbon to find them. To customize the Quick Access Toolbar, click the down arrow as shown in Figure 1.7. This will open a menu of commands that you can add to the Quick Access Toolbar. If you do not see the command you are looking for on the list, select the More Commands option.

In addition to the Ribbon and Quick Access Toolbar, you can also access commands by right clicking anywhere on the worksheet. Figure 1.8 shows an example of the commands available in the right-click menu.

The File tab is also known as the Backstage view of the workbook. It contains a variety of features and commands related to the workbook that is currently open, new workbooks, or workbooks stored in other locations on your computer or network. Figure 1.9 shows the options available in the File tab or Backstage view. To leave the Backstage view and return to the worksheet, click the arrow in the upper left-hand corner as shown below.

Included in the File tab are the default settings for the Excel application that can be accessed and modified by clicking the Options button. Figure 1.10 shows the Excel Options window, which gives you access to settings such as the default font style, font size, and the number of worksheets that appear in new workbooks.

Once you create a new workbook, you will need to change the file name and choose a location on your computer or network to save that file. It is important to remember where you save this workbook on your computer or network as you will be using this file in the Section 1.2 'Entering, Editing, and Managing Data' to construct the workbook shown in Figure 1.1. The process of saving can be different with different versions of Excel. Please be sure you follow the steps for the version of Excel you are using. The following steps explain how to save a new workbook and assign it a file name.

Saving Workbooks in Excel 2013

1. If you have not done so already, open a blank workbook in Excel.
2. When saving your workbook for the first time, click the File tab.
3. Click the Save As button in the upper left side of the Backstage view window. This will open the Save As dialog box, as shown in Figure 1.11.
4. Click in the File Name box at the bottom of the Save As dialog box and use the BACKSPACE key to remove the current default name of the workbook.
5. Type the file name: CH1 GMW Sales Data.
6. Click the Desktop button on the left side of the Save As dialog box if you wish to save this file on your desktop. If you want to save this workbook in a different location, such as a USB drive, select your preferred location.
7. Click the Save button on the lower right side of the Save As dialog box.
8. As you continue to work on your workbook, you will want to Save frequently by click either the Save button on the Home ribbon; or by selecting the Save option from the File menu.

Saving Workbooks in Excel 2016

1. If you have not done so already, open a blank workbook in Excel.
2. Click the File tab and then the Save As button in the left side of the Backstage view window. This will open the Save As dialog box.
3. Determine a location for saving on your computer by clicking Browse on the left side to open the Save As dialog box.
4. Click in the File Name box near the bottom of the Save As dialog box. Type the new file name: CH1 GMW Sales Data
5. Review the settings in the screen for correctness and click the Save button.

Keyboard Shortcuts

Save As

• Press the F12 key and use the tab and arrow keys to navigate around the Save As dialog box. Use the ENTER key to make a selection.
• Or press the ALT key on your keyboard. You will see letters and numbers, called Key Tips, appear on the Ribbon. Press the F key on your keyboard for the File tab and then the A key. This will open the Save As dialog box.

Skill Refresher

Saving Workbooks (Save As)

1. Click the File tab on the Ribbon.
2. Click the Save As option.
3. Select a location on your PC.
4. Click in the File name box and type a new file name if needed.
5. Click the down arrow next to the 'Save as type' box and select the appropriate file type if needed.
6. Click the Save button.

The Status Bar is located below the worksheet tabs on the Excel screen (see Figure 1.13). It displays a variety of information, such as the status of certain keys on your keyboard (e.g., CAPS LOCK), the available views for a workbook, the magnification of the screen, and mathematical functions that can be performed when data are highlighted on a worksheet. You can customize the Status Bar as follows:

1. Place the mouse pointer over any area of the Status Bar and right click to display the 'Customize Status Bar' list of options (see Figure 1.13).
2. Select the Caps Lock option from the menu (see Figure 1.13).
3. Press the CAPS LOCK key on your keyboard. You will see the Caps Lock indicator on the lower right side of the Status Bar.
4. Press the CAPS LOCK on your keyboard again. The indicator on the Status Bar goes away.

The Help feature provides extensive information about the Excel application. Although some of this information may be stored on your computer, the Help window will automatically connect to the Internet, if you have a live connection, to provide you with resources that can answer most of your questions. You can open the Excel Help window by clicking the question mark in the upper right area of the screen or ribbon. With newer versions of Excel, use the query box to enter your question and select from helpful option links or select the question mark from the dropdown list to launch Excel Help windows.

Keyboard Shortcuts

Excel Help

• Press the F1 key on your keyboard.

Key Takeaways

• Excel is a powerful tool for processing data for the purposes of making decisions.
• You can find Excel commands throughout the tabs in the Ribbon.
• You can customize the Quick Access Toolbar by adding commands you frequently use.
• You can add or remove the information that is displayed on the Status Bar.
• The Help window provides you with extensive information about Excel.

Adapted by Barbara Lave from How to Use Microsoft Excel: The Careers in Practice Series, adapted by The Saylor Foundation without attribution as requested by the work's original creator or licensee, and licensed under CC BY-NC-SA 3.0.