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.


Is this answer helpful?

Similar Questions

  • Q:

    What are the different uses of spreadsheets?

    A:

    Spreadsheets are used for simple lists and complex numerical calculations. Spreadsheets turn information into detailed graphs to show a visual representation of the data. Spreadsheets provide many sorting options to filter information.

    Full Answer >
    Filed Under:
  • Q:

    What are the benefits of electronic spreadsheets?

    A:

    According to the Oxford Journals, electronic spreadsheets make the process of inputting information, retrieving information and performing calculations faster and more efficient. They are also easy to share; even large spreadsheets can be compressed to a few megabytes.

    Full Answer >
    Filed Under:
  • Q:

    What is a file processing system?

    A:

    A file processing system helps people keep track of files as they move throughout the various departments of a business. The purpose of this sort of system is to keep things organized, generally in alphabetical, numerical or chronological order. Companies that have effective file processing systems have ways to find those files in an orderly manner, rather than having staff members rifling through papers in order to find what they are looking for.

    Full Answer >
    Filed Under:
  • Q:

    What is Adobe PageMaker used for?

    A:

    Adobe PageMaker is a software program used to create brochures, flyers, newsletters, reports and a variety of other professional-quality documents used for business or educational purposes. The program makes it easy for users to format documents, adjust their layouts and alter various design details, such as graphics and fonts, prior to printing and distributing the document.

    Full Answer >
    Filed Under:

Explore