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Update Yourself With 15 Advantages and Disadvantages of Excel Spreadsheets

Advantages and Disadvantages of Excel Spreadsheets

If you want to know about the pros and cons of Excel spreadsheets, then do give a deep glance over our Trunao website, that gives you a short brief of the same.

Advantages of Spreadsheets

  • You don’t have to spend even a penny in using or in gaining an access to a spreadsheet. You can find them right at the window of your desktops or laptops or even at the screens of your phones.
  • Even a layman, without being abreast of high-end technology can, after a little grooming can learn how to use it.
  • They help to keep data in complete order, just like a wardrobe is used to keep clothes.
  • Makes Calculations Quick and Easy—Among several cells of a spreadsheet, there could be special cells, or the result cells, that contain the calculated results of various other cells. Now, if you make any modifications in the related cells; the numeric values of the special cells change on their own. This makes the editing work more than simple.
  • You don’t have to shove in formulae again and again, as mathematical formulae are a part and parcel of these online excel databases.
  • They are quite capable of scrutinizing as well as managing financial statements, balance sheets, employees’ information, etc.
  • Numerical figures Take Visual Forms—The numeric data very easily acquires visual form. Yes! You can witness complicated numerical information transform into easy-to-understand graphs as well as charts.
  • They assist is conducting sound and reliable business analysis.

Disadvantages of Spreadsheets

  • Since they can be transported from one system to another, online and that too, very easily, a possibility of the leak of confidential information is possible, which can be frightening.
  • Inhouse sharing of spreadsheets is a bit of a difficult task.
  • Since internal sharing of the information remains out of the scene, a simultaneous analysis of different tasks of different employees gets difficult.
  • Work usually gets scattered and messed up due to frequent updates, if they are not well circulated in the entire team.
  • Errors usually prop up from anywhere.
  • Accumulation of all the spreadsheets together becomes a toil.
  • Until and unless a master spreadsheet is developed, data cannot be presented in understandable charts or graphs.
  • Data remains unsafe, especially in the case of catastrophe.

 

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