WHY IS MICROSOFT EXCEL A GOOD APPLICATION SOFTWARE TO MANAGE SMALL AND MEDIUM SIZED BUSINESSES?

Answer 1

Microsoft excel is an application software which organizes, stores and manipulates data in tabular form. This software can:

1. Help one to organize information in a smart way that makes it easy to read and navigate through. It has easy formatting features that make work simple.
2. Performs quick and accurate calculations which makes it easier for results to come as soon as they are needed no matter how large the file may be. This save time as compared to the manual data handling.
3. Has graphs which help one to easily visualize one's data to check on the status of one's business. This helps one to easily track progress in one's business.
4. Easily print out data in hard copy for filing, reference in meetings among others.
5. Ensure data safety by having a protect sheet feature that allows a user to insert passwords on his/her data.
6. Ensure easy data entry, financial analysis and asset management which are crucial for tracking business growth and performance.