Why Train Your Employees in Microsoft Excel?
Excel has been in existence for almost 3 decades now and it has helped many businesses that use it for their operations. If you aren’t using Excel today, then you should know the reasons why you should. You can do a lot of things in Excel. The things that it can do are calculate formulas, create graphs, organize data, and more. You can easily learn Excel since there are courses you and your employees can take online or otherwise.
The importance of Excel for your business is given below.
Efficiency is important in business and your employees can be efficient if every data they work with is organized. Excel is the best way to organize data. Data can be organized with the use of graphs, tables, and more. You can add to your spreadsheets over time and it allows access for other employees to do so as well. If you are an administrator, you can see the progress in a single place
You can track inventory with Excel if your business has physical products. Descriptions, wholesale costs and retail costs can be added in your spreadsheet. You can determine the amount of inventory you have sold and how much left. You can easily tell if you need to restock. With this, you don’t have to encounter backorder situations or lose money on lost inventory.
Another way to use Excel is as a calendar for your employees’ work schedules. By looking at the calendar they will know their work schedule. Swapping time with other employees is possible with Excel. These updates will be seen on your end as well.
Weekly and monthly goals can be kept track of on a spreadsheet. Details on when the goals should be met can also be added. Then you can mark it off as completed in your spreadsheet. You can then tell who is hitting their goals and who are not.
Spreadsheets can be used for logging time. Date, time in, time out, lunchtime, and other times can be logged in your spreadsheet. You can check employees time logs. Excel also gives you the total number of hours each employee has worked. It can also calculate the total hours of all employees and the amount you will pay in a payroll daily.
Excel can also help in CRM. Excel is customizable so you can include any information about your customers. It is also easy to change anything in the future.
You are able to analyze big or small data and make sense of it. Sorting and retrieving data is easy to do. You can customize your calculator if they need to be done repeatedly. Excel can easily calculate and you only need to punch in the numbers. Charts and graphs will help you analyze data.