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How Excel Works

  • When you click on the Microsoft Excel icon on your computer, it starts to load and displays a starting screen. This screen is shown for few seconds only but it displays the name of the application that you are using and the version that you are using. Microsoft Excel 365 2.
  • Excel with this A-Z Microsoft Excel Course. Microsoft Excel 2010, 2013, 2016, Excel 2019 and Office 365.
  • Object Linking and Embedding (OLE) is a feature that allows Office applications to interact with other applications. It allows one editing application to send part of a document to other applications and then import or take it back together with other content.
An Excel document is called a Workbook. A workbook always has at least one Worksheet. Workseets are the grid where you can store and calculate data. You can have many worksheets stored inside a workbook, each with a unique worksheet name.
Worksheets are laid out in columns (vertical) and rows (horizontal). The intersection of any given row and column is a cell. Cells are really where you enter any information. A cell will accept a large amount of text, or you can enter a date, number, or formula. Each cell can be formatted individually with distinct border, background color, and font color/size/type.

Best way to store data. Even if you don’t use any of the options or any tool which Excel offers you, it.


Excel Formulas

You can create simple and complex formulas in Excel to calculate just about anything. Inputs to a formula may be other cells, the results of other formulas, or just straight-forward math (5*2+3). Excel includes a formula library for calculating things like Net Present Value (NPV), standard deviation, interest payments over time, and other common financial and mathematic formulae. Excel's formula bar includes a feature to help you search for a formula you need, and also helps you select the appropriate cells in your workbook to calculate the formula.

Excel Charting

Excel offers a wide array of charts to visualize data. They range from simple line graphs to bubble and radar charts. Excel has two main tools for charting: standard charts and pivot charts.

As a topmost spreadsheet application on this planet, Microsoft Excel has a lot of benefits for anyone who knows how to use it.

And if you are one of those people who we want to learn it and wondering how this can help you in your work, when I have listed the top ten benefits of Microsoft Excel here.

10 Benefits of Microsoft Excel

10 Benefits of Microsoft Excel

  1. Best way to store data
  2. You can perform calculations
  3. All the tools for data analysis
  4. Easy to data visualizations with charts
  5. You can print reports easily
  6. So many free templates to use
  7. You can code to automate
  8. Transform and clean data
  9. Store data with millions of rows
  10. You can work with Excel online + mobile app

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1. Best way to store data

Even if you don’t use any of the options or any tool which Excel offers you, it is the best way to store data. Why I’m saying this because Excel is a kind of application that is used by millions of people.

So, when you store data in Excel and then share it with others,they can access that it easily.

2. You can perform calculations

What makes Excel the best spreadsheet application on theplanet is its ability to perform calculations. In Excel, you have a completelist of functions (Top 100)that you can use for the calculations.

Basically, an Excel function is a predefined formula that returns a specific result based on the values you specify.

But apart from that, you can also create your own formulas by combining two or more functions or just by performing calculations using operators.

Some Formula Examples:

3. All the tools for data analysis

The core motive of having data is to analyze and to getinsights out of it. The good news is Excel has some of the most powerful toolsto analyze data.

Imagine you have data with thousands of rows, you can insert a pivot table out of that data and create a summary table.

Some of the things you can do with pivot tables to analyze data:

4. Easy to data visualizations with charts

In Excel, you have all those options to create charts andpresent your data in a visual way.

All those major types of charts that you need to use to present your data are already there and you can insert them with a single click.

If you go to the Insert Tab, in the charts group, you can findall the charts which you can insert.

Not just that, there’s also a button called recommendedcharts that you can use to let Microsoft Excel recommend you the best possiblechart to use for the data you have in your worksheet.

And if you think that you need something other than the default charts you have the option to create advanced charts using some specific methods.

Here we have a list of top 10 ADVANCEDEXCEL CHARTS that you can use in Excel.

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And you can also create in-cell charts to make your data easily understandable for anyone.

5. You can print reports easily

Even if you are a person who likes to save trees but therecould be a point where you need to print reports to share with others or presentit to someone.

Well, Excel allows you to print with a lot of customizationwhere you can change the margin, paper size, orientation, etc.

There’s a whole bunch of options that you can use for pagesetup before printing a report.

6. So many free templates to use

One of the most popular things about Excel is you can createdashboards and templates.

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There’s a whole bunch of free templates that you can download and use.

Free Excel Templates to Start with

7. You can code to automate

Microsoft Office has its own coding language which is calledVBA (visual basic for applications) and it allows you to write code for almostall the activities that you perform manually in Excel.

You can automate all kinds of activities from simple (make atext bold) to complex (insert a pivottable) using a VBA code.

Start Learning VBA

Once you learn the basics of VBA, you can also create a custom function by writing code.

8. Transform and clean data

If you are one of those people who work with data a lot oryou know someone who works, there are a lot of situations where you need todeal with messy data which you need to clean before you use it.

The process of cleaning and transforming data takes a bigchunk of your time and it can be a tedious process.

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For this, Microsoft has introduced the power query which is a data transformation and cleaning engine well you can load data from multiple sources, transform it, and then load it back to the worksheet.

What makes power query such a powerful tool? Check out this complete POWER QUERY guide tounderstand.

9. Store data with millions of rows

Well, there is no limit to data, but Excel has a limit in terms of rows and columns.

So that’s why Microsoft came up with Power Pivot where youcan store data with millions of rows and then you can perform calculations withinPower Pivot.

See this (Power Pivot – Overview and Learning)

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10. You can work with Excel online + mobile app

As most of the companies these days are moving to the cloud and Microsoft Excel has its own web version. It has so many features, like functions, pivot tables, and pivot charts just like the desktop app.

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And recently Microsoft has launched its all-in-one office app that you can use to work on spreadsheets mobile as well.

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