8 Best Excel Applications in Daily Life

There are many ways using Excel, which can ease your daily work responsibilities. You can do everything from staying at the office/school to creating detailed budgets to managing your monthly expenses in Excel.

Excel's versatility, usability, and easy-to-use functions make it one of the most popular applications. If you are a regular Excel user, here are some ways to use the application in some related fields.

1. Information management

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Excel is widely used in business environments, especially when managing common frameworks. From using it to drive sales reports to preparing an inventory tracking tool, Excel has it all. Here are a few things you can use Excel to manage information about:

a. Sales Inventory Tracking Tool : Excel has proven its worth in the field of supply chain management. Excel can contain many rows of data, making it the preferred choice for businesses and organizations that sell products and services. Whenever you run an advertising campaign, you can use multiple functions to track different product levels. This way you never go wrong in managing and keeping your orders up to date. For best results, you can create automatic data entry forms in Excel to reduce the hassle of data management.

b. Timekeeping Tool : As an employee-centric company, you can use Excel to track employee reporting time, manage their attendance, and create complex tables to track employee attendance. Monitor employee's regular schedule. Each element links to a broader dashboard in which you can glance at a summary of employee information.

c. Performance Reports : Imagine you need to calculate employee performance metrics and key personnel metrics (KPIs) on a monthly basis. Excel provides everything from working with complex tables, applying various formulas, and using VBA functions to automate routine tasks.

2. Time Management

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Did you know that you can use Excel sheets to create your productivity and time tracker? Excel has a great untapped potential for using functions to do date and time-oriented specifics. Some common uses of Excel for time management include:

1. Daily planning
2. List of things to do in the project
3. Route tracking to manage training progress

The above list is not exhaustive; There are many other ways to use Excel for time management. To enhance things, you can even create a Pomodoro Tracker in Excel to stay focused on your task.

3. Progress tracking and goal planning

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Goal planning is an essential task in every area of ​​project management. For example, you can create sophisticated time-tracking tools like Gantt charts and other task-oriented goal tables to boost productivity in Excel.

By creating and defining milestones, you can track progress against your goals and map your progress to each aspect with relative ease. You can automate some tasks to track your progress as other collaborators add their progress to the shared workbook.

4. Budget management and financial tracking

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Excel is every accountant's friend; When you have to create detailed monthly expense trackers for your organization, you can use various built-in accounting and math-related functions to keep track of your finances, budgets, and finances. your account. Organizations and businesses of all shapes and sizes use Excel along with other accounting and financial tools to advance standards related to business accounting.

You can create detailed accounting and finance related jobs to enhance your reports. In fact, with pivots, conditional formatting, and formulas, you can create built-in alerts in Excel to highlight important aspects that are relevant to your business.

5. Data analysis

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Data analytics is an integral part of every organization, and many data analysts continue to favor Excel for data-related tasks. You can do everything from generating complex performance reports to hypothetical calculations based on analysis in Excel. The functionality and flexibility of Excel with other data analysis tools and systems has taken precedence over every other tracking system on the market.

It integrates with many software and you can store countless rows of data in a worksheet. You can combine many Excel workbooks with Python and other programming languages ​​without lifting a finger.

6. Data visualization

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Businesses rely on data to provide insights. These insights are useful when you have to make informed decisions to predict the future.

What is the best way to gather insights? Very simple! It's data visualization so people can quickly understand what you're trying to tell them. Create multiple charts or load these data tables into visualization software like Tableau and PowerBI to bring your data to life.

Excel's flexibility comes first, as you can create complex charts and images within the application without having to switch to other platforms. However, it's good to know that external integration options are available should you have the need.

7. Expense Management

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Housewives and householders use Excel to track their daily expenses. Imagine having a simple worksheet that contains all of your monthly income and every possible minute-by-minute expenditure, big and small.

Add a formula to automatically calculate your residual income and spending power for the month. No need to create complicated accounting trackers, you can always apply simple trackers to manage your monthly income and expenses. If you prefer to put everything on paper, you can even use free printable expense trackers to help save money.

8. Quick calculation

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Excel has become a useful tool for people who want to perform a variety of calculations. Imagine you want to calculate your next mortgage installment, but instead of using pen and paper to do the math, you can quickly create an Excel workbook and start estimating. Excel is a handy and quite useful application for doing quick calculations as it includes many formulas.

Excel is a magical language and you can get the most out of it, especially if you master the various functions and formulas. However, to make sure you are using Excel correctly, you need to learn it from the experts. Lots of free and paid courses are available on a number of well-known platforms, including Udemy and several others. You can choose a course that suits your academic requirements.

Isabella Humphrey

Update 17 February 2023