Q:

What is the importance of spreadsheets?

A:

Using a spreadsheet allows a business to keep records of vast information in a single, organized location. A spreadsheet can easily make various calculations simultaneously, aiding in the analysis of its numerical data. This allows businesses to record their accountancy flow and create forecasts to achieve their targets.

Statistical information such as income, spending, overhead costs and stock flow can all be recorded using a simple spreadsheet software package. A spreadsheet is relatively simple to use and can turn information into complex charts and graphs. The forecasts created in a spreadsheet can also assist in decision-making within any business.


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