Microsoft Excel Definition
Excel definition: a software program made by Microsoft that utilizes bookkeeping pages to arrange numbers and information with recipes and capacities. Excel examination is omnipresent around the globe and utilized by organizations, everything being equal, to perform monetary investigation.
What is Excel used for?
Excel is typically used to organize data and perform financial analysis. It is used across all business functions and at companies from small to large.
The main uses of Excel include:
- Data entry
- Data management
- Financial analysis
- Charting and graphing
- Time management
- Task management
- Financial modeling
- Customer relationship management (CRM)
- Almost anything that needs to be organized!
Data functions, formulas, and shortcuts
The Excel software program includes many functions, formulas, and shortcuts that can be used to enhance its functionality.
We have defined the key functions and formulas below in our Excel guide:
- Free Guide: Excel shortcuts, functions and definitions
Financial and accounting uses
Excel is utilized broadly in money and bookkeeping capacities. Truth be told, numerous associations run their whole planning, guaging, and bookkeeping capacities totally out of Excel accounting pages.
While Excel is characterized as a “data” the executives instrument, the data that is most normally overseen is budgetary. At CFI, we would characterize Excel as a definitive monetary software. While there are different bits of budgetary software that are custom-made toward performing explicit undertakings, the most grounded point about Excel is its power and receptiveness. Excel models are as ground-breaking as the investigator wants them to be.
Bookkeepers, speculation brokers, examiners, and individuals in a wide range of money related profession ways depend on excel to play out their day by day work capacities.
Thank you for reading CFI’s Excel Definition article. As we define it, Excel is one of the most powerful accounting and finance tools with the most widespread use. To keep learning and developing your career, these additional CFI resources will be helpful:
- Free Excel Course
- Keyboard shortcuts
- Advanced formulas in Excel
- Financial modeling
Free Excel Tutorial
To master the art of Excel, check out CFI’s FREE Excel Crash Course, which teaches you how to become an Excel power user. Learn the most important formulas, functions, and shortcuts to become confident in your financial analysis.