{"id":218480,"date":"2021-04-27T17:27:50","date_gmt":"2021-04-27T11:57:50","guid":{"rendered":"https:\/\/www.hitechwork.com\/?p=218480"},"modified":"2023-12-31T14:48:31","modified_gmt":"2023-12-31T09:18:31","slug":"excel-definition-and-cool-uses-of-ms-excel","status":"publish","type":"post","link":"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/","title":{"rendered":"Excel Definition and Cool Uses of MS EXCEL [2024]"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#What_Is_Microsoft_Excel\" title=\"What Is Microsoft Excel?\">What Is Microsoft Excel?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Uses_of_Excel\" title=\"Uses of Excel\">Uses of Excel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Accountancy\" title=\"Accountancy\">Accountancy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Stock_Tracking\" title=\"Stock Tracking\">Stock Tracking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Creating_Charts\" title=\"Creating Charts\">Creating Charts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Create_Seating_Charts\" title=\"Create Seating Charts\">Create Seating Charts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Accounting_and_Financial_Analysis\" title=\"Accounting and Financial Analysis\">Accounting and Financial Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Project_Management_Charts_And_Templates\" title=\"Project Management Charts And Templates\">Project Management Charts And Templates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Excel_Goal_Planning\" title=\"Excel Goal Planning\">Excel Goal Planning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Data_Recovery\" title=\"Data Recovery\">Data Recovery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.hitechwork.com\/excel-definition-and-cool-uses-of-ms-excel\/#Final_Words\" title=\"Final Words\">Final Words<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Microsoft_Excel\"><\/span><strong>What Is Microsoft Excel?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.hitechwork.com\/how-to-multiply-in-excel\/\">Microsoft Excel<\/a> is the most important tool of every business to maintain records, do some calculations on data, Accounting, and inventory tracking, etc. but these are some of the <strong>uses of MS excel<\/strong>, but what is the proper excel definition? In definition, MS Excel is spreadsheet software that uses data cells to store data and information and for processing as well. To explain the excel meaning more clearly; MS Excel is used to store numbers and data to manipulate and perform calculations with the help of functions and formulas for financial analysis.<\/p>\n<p>Now, when e is done with the excel definition, now us see the spreadsheet definition. A spreadsheet is an electronic or digital document that is used to store and perform calculations on the data using formulas.<\/p>\n<p>Now, after explaining the excel definition, let us now move on to some cool things you can do with excel besides maintaining records.<\/p>\n<figure id=\"attachment_218484\" aria-describedby=\"caption-attachment-218484\" style=\"width: 930px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-218484\" src=\"https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Excel.jpg\" alt=\"Excel\" width=\"930\" height=\"392\" srcset=\"https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Excel.jpg 930w, https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Excel-300x126.jpg 300w, https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Excel-768x324.jpg 768w, https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Excel-600x253.jpg 600w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><figcaption id=\"caption-attachment-218484\" class=\"wp-caption-text\">Excel<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Uses_of_Excel\"><\/span><strong>Uses of Excel<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are various uses of Microsoft excel as MS excel is dynamic and flexible to be used with any kind of data. Some of the major uses of excel are listed below:<\/p>\n<ul>\n<li>Financial Analysis.<\/li>\n<li>Graphs and Charts.<\/li>\n<li>Task management.<\/li>\n<li>Data Entry.<\/li>\n<li>Data Management.<\/li>\n<\/ul>\n<p>These are the major operations excel is used for. But, do you think these are the only tasks you can perform using Excel? The answer is NO. Well, what are other uses of ms excel?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Accountancy\"><\/span><strong>Accountancy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An amazing purpose of Microsoft excel is the basic need of every business or organization. Every organization needs financial records, financial reports, Business forecasts, Loan calculators, Budget Plans, and many more.\u00a0 Excel is not developed just for calculating some numeric values. The major purpose it serves is financial record keeping and accounting to fulfill business needs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stock_Tracking\"><\/span><strong>Stock Tracking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>By Excel Definition Excel is just spreadsheet software. But, there are other tasks you can do using Excel. Stock tracking is one of the main tasks that are performed on Excel. Excel is pretty good at handling stocks for employees and organizations to keep everything in sight for quick access and analysis.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Creating_Charts\"><\/span><strong>Creating Charts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the major Microsoft Excel uses is creating charts based on numeric data to visualize and understand the data in a better way. There are various types of charts available in Excel:<\/p>\n<ul>\n<li>Pie charts.<\/li>\n<li>Scatter charts.<\/li>\n<li>Line charts.<\/li>\n<li>Bar charts.<\/li>\n<li>Area charts.<\/li>\n<li>Column charts.<\/li>\n<\/ul>\n<p>If you want to demonstrate the numeric data then there is no better way than creating a chart. Using Microsoft Excel to make your data representation colorful is a creative and interesting way of dealing with data.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Create_Seating_Charts\"><\/span><strong>Create Seating Charts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Seating chart as denoted by the name, excel uses seating charts for visualizing seating arrangements of a particular place or room. It is a great way of looking at and creating the idea of the future arrangement. It basically shows the possible real-world arrangement in a graphical chart.<\/p>\n<figure id=\"attachment_218486\" aria-describedby=\"caption-attachment-218486\" style=\"width: 930px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-218486\" src=\"https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Microsoft-Excel.jpg\" alt=\"Microsoft Excel\" width=\"930\" height=\"392\" srcset=\"https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Microsoft-Excel.jpg 930w, https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Microsoft-Excel-300x126.jpg 300w, https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Microsoft-Excel-768x324.jpg 768w, https:\/\/www.hitechwork.com\/wp-content\/uploads\/2021\/04\/Microsoft-Excel-600x253.jpg 600w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><figcaption id=\"caption-attachment-218486\" class=\"wp-caption-text\">Microsoft Excel<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Accounting_and_Financial_Analysis\"><\/span><strong>Accounting and Financial Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Excel is predominantly used for accounting and financial record-keeping and analysis. If you look around you or even look at yourself, you might have been using MS excel for some kind of accounting purpose like budgeting, Recording, and analyzing the data.<\/p>\n<p>Another factor that plays an important role that increases the significance of MS excel. It is its robustness and openness. MS Excel is used almost everywhere for the purpose of record handling. MS Excel has another plus point of \u201cAvailability\u201d. Yes, MS Excel is not bound to be used by organizations or businesses, it can be used by anyone who is seeking accounting software.<\/p>\n<p>There is a long list of people who use Excel for daily operations but some of the prominent roles are Analysts, Bankers, and Accountants.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Project_Management_Charts_And_Templates\"><\/span><strong>Project Management Charts And Templates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Even though there are hundreds of other project management tools available for this task but the availability and flexibility of Excel wins again. Excel uses project management templates to let you create project management charts very easily. MS Excel has made data management in reach of almost everyone. The Project Management Templates are listed below:<\/p>\n<ul>\n<li>Gantt Chart.<\/li>\n<li>Task List Template.<\/li>\n<li>Project Timeline Template.<\/li>\n<li>Project budgeting.<\/li>\n<li>Kanban Board Spreadsheet.<\/li>\n<li>Content Calendar Template.<\/li>\n<li>Timeline template.<\/li>\n<li>Project timeline.<\/li>\n<li>Project Tracker for Contractors.<\/li>\n<li>Project-Based Time Card.<\/li>\n<li>Simple Project Schedule.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Excel_Goal_Planning\"><\/span><strong>Excel Goal Planning<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The excel definition tells us that is accounting software. But, here is another one of the amazing uses of Microsoft excel. Can you imagine planning a fitness goal on Excel? But it\u2019s true; you can create a fitness goal plan using MS Excel. Not just fitness goals you can plan your financial goals using MS excel. In definition, excel is just an accounting software but The Purpose of excel Depends upon your need<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Data_Recovery\"><\/span><strong>Data Recovery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you have stored some important data in Excel and somehow it gets deleted or damaged, do not worry all the data stored in Excel can be restored using XML format. Let\u2019s suppose, you are a teacher and you have maintained 1-year attendance of students and somehow it gets deleted. Do not worry, by using the XML format you can recover whatever data was deleted.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Words\"><\/span><strong>Final Words<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From Excel Definition to the major uses of Excel we discussed almost everything that you can do with Microsoft Excel.\u00a0 Microsoft Excel is a powerful yet lightweight tool and available to everyone in every home. MS Excel is a robust and flexible application that can serve multiple purposes. This might look like a lot, but trust me it is just surface scratching.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Is Microsoft Excel? Microsoft Excel is the most important tool of every business to maintain records, do some calculations on data, Accounting, and inventory tracking, etc. but these are some of the uses of MS excel, but what is the proper excel definition? In definition, MS Excel is spreadsheet software that uses data cells [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":223526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[3235],"tags":[3492,3491],"_links":{"self":[{"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/posts\/218480"}],"collection":[{"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/comments?post=218480"}],"version-history":[{"count":3,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/posts\/218480\/revisions"}],"predecessor-version":[{"id":242114,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/posts\/218480\/revisions\/242114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/media\/223526"}],"wp:attachment":[{"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/media?parent=218480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/categories?post=218480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hitechwork.com\/wp-json\/wp\/v2\/tags?post=218480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}