If you need to learn how to use Excel for work, then you are probably wondering about some of the most common uses of this powerful software. This article will talk about the basics of using Excel for data management and reporting, budgeting and forecasting, and where to go to find a high quality training course so you can improve your Excel skills quickly.
Learn How to Use Excel for Data Management
Unless you are managing huge volumes of data, you probably do not need a dedicated database management tool to manage your data. Excel is great for managing reasonably sized lists, such as contact lists, basic accounting data, customer lists, and other "ad hoc" data projects. One of the great features of Excel is the ability to sort and filter your lists based on column headings. Excel spreadsheets can hold over 65,000 rows of information, so they are often very useful for managing lists that need to be sorted in different ways. When you need to quickly gather your data into a quick report that is easy to view, the built in pivot table functionality is a great solution. Pivot tables allow you to easily move your columns and rows around to show the data in whatever format you need to see.
Learn How to Use Excel for Budgeting and Forecasting
Traditionally, this is what spreadsheets like Microsoft Excel were created for. The spreadsheet format and the ability to have individual cells interact with each other by the use of formulas allows this tool to perform extremely robust and complex analysis. If you want to use Excel for your own budgets and forecasts, then you will want to use a few common techniques. Identify one or more variables that will affect the future results of your forecast, such as the growth rate of your revenues. As you build your forecasting model, use a cell reference for your growth rate rather than a static value. This allows you to easily model "what if" scenarios such as a growth rate that is higher or lower than you expect.
Learn How to Use Excel Quickly
Obviously there are many more useful applications for Excel, and this article just touches on two of them. The best way to get up to speed on Excel is by purchasing an in depth training course on CD. These courses can be shipped to your door in just days, and are installed directly on your computer at home or in the office. Once installed, you can go through the lessons at your own pace, and repeat them as many times as you like. It is amazing what you can learn about using this powerful tool in just a few days of lessons, and your boss will be even more impressed when he or she sees your new skills in action!