Why Are Spreadsheets Important?

By Kristy Martz

Spreadsheets are an important, powerful and versatile business tool, and can provide and store valuable information. Spreadsheets can hold as little or as much information as necessary. Some spreadsheet programs can also work together with other programs, such as word processing and presentation software.

Purpose

Simply put, spreadsheets are used to compile data.

Functions

Spreadsheet programs allow you to sort and rearrange data in order to analyze and make decisions.

Benefits

Spreadsheets are important for keeping information electronically ; this is more time efficient than sorting through mounds of paperwork to gather crucial bits of information.

Software

If you have Microsoft Office, you can use Excel to create spreadsheets. OpenOffice has a free, open source spreadsheet program.

Uses

Spreadsheets can be used to create many sets of data including address listings, budgets, customer information, sales tracking reports and financial statements.