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MS Excel is not just a tool to create spreadsheets. It’s one of the most indispensable applications included in the MS Office suite and for a good reason. This software isn’t all about numbers even. With the inclusion of Visual Basic for Application in its system, the functionality of this software can practically exceed your imagination.

If you’re running a business, high are the chances that you’re already using this software for many of your in-house processes. There are over a dozen things that you can do with Excel and the list below includes just a small part of them.

Most Common Uses of MS Excel for Business Applications

Here are some of the most common uses of MS Excel in a business setup. There definitely are more things you can do with it, as there’s practically no limit in the things that you can do with it.

  1. Accounting

All accounting processes are easily done with the use of the MS Excel software. Whether you’re making financial reports, budget plans, forecasts, and expense trackers, your expertise in using this software will definitely come handy. What’s more, almost all businesses use the software for the same processes so comparing and consolidating data across organizations should be seamless.

  1. Inventory Tracking

If there’s one thing that’s quite difficult to track in a business, it would be the inventory. Inventories are quite a headache to manage, but not with MS Excel working for you. Even if your business is using its own databases and logs, it is highly possible that the data from those applications can be extracted in a format that can be exported into Excel. That way, you can manage your inventory better starting and perform the usual clean-up process. Eliminating incomplete and duplicate entries are going to be a breeze for you.

  1. Reporting

In a big business setup, reporting is a crucial skill. It’s essential for business owners, the managers, and the employees to know how to create pie, line, bar, scatter, area, and column charts. All of these can be done quite easily using MS Excel. But more importantly, your report will be more visually appealing and easily understood by your superiors and subordinates.

  1. Scheduling

A manager’s day at work is always busy. Get on top of your monthly calendar and daily schedule by using MS Excel. Each cell of your calendar is customizable so it can practically work for anything you want and anyone who will be using it. This software can be used anywhere from creating your employee’s leave schedule to scheduling your business’ marketing plans.

  1. Creating Forms

Do you know that you can also use MS Excel to create forms? You may even add drop-down menus so that the users or responders can easily choose from the pre-set options to answer the questions. This makes data collection so much easier. This is just one of the many ways to get VBA at work.

  1. Project Management and Goal Planning

Whether you want to plot your financial goals for the next year or you want to get on top of the projects laid out for the next few months, MS Excel can help. Create your own chart and plot a financial goal patterned to your liking and put your business brand all over it.