Excel is a powerful spreadsheet application that allows you to conduct data analyses and financial calculations, track spending, and create graphs and charts to use at presentations. Excel spreadsheets can perform the more complicated calculations for financial and stock analysis using the formulas menu. Track your yearly spending, create a balance sheet, analyze stocks, create a time sheet and analyze game scores. Enter the data you want to analyze, and let Excel perform the math with a way to check if the data is correct or not. Excel allows you to enter percentages, fractions, dollar amounts, time and date formats, and text.
Format your worksheet to accommodate the financial information by highlighting the cells and clicking on the dollar sign in the number menu box. For more complicated calculations click the "Formulas" tab on the menu.
Assign a row and/or a column for your totals. The formula for calculations are entered in the first cell of the total column and row. Click in the cell for the calculation, and then click "Financial." This will give you a drop-down menu from which you can choose your function. Enter the cell numbers you want to include in the calculation (for example, sum=(B3:F3)).
Once you enter the calculation in the first cell, move your cursor to the lower right corner of the cell, where a small black plus sign will appear. Click and hold, dragging your mouse over the rest of the cells as far as you need to go.
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If you are developing a monthly budget for your home or small business, name each spreadsheet by right-clicking on the tab at the bottom and clicking "Rename." Before entering your financial data, right-click on the tab you just renamed and click "Copy" 12 times, for 12 months.
Tips & Warnings
Excel spreadsheets are powerful and can be used for anything. Patience and practice will give you the ability to create complicated calculations for science or finance. Track stock trends and other financial information. Create a gaming spreadsheet for football or any sport.
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Excel menu by Function X
