Top Reasons Why You Should Use a Spreadsheet in Financial Management

Is financial management a nightmare for you? Well, you aren’t alone. What if I told you it isn’t? You’d think I’m some kind of a genius or kidding, right? No!

Spreadsheets offer you a simple way to manage your finances with utmost customization and flexibility. However, while they may be flexible, not everyone can use them, but this doesn’t mean you can’t learn how to.

Introducing to you Spreadsheeto’s tutorial. This tutorial offers a step-by-step guide on how to use spreadsheets, thus making your life easier. At this point, you’re probably asking yourself, “why should I learn how to use spreadsheets?”

The answers are in this article. Take a look.

  • Easy to Customize Spreadsheets

Due to their adaptable nature, you can customize spreadsheets to fit your particular financial needs. Thanks to the various templates, you can create budgets, track your net income and much more.

Excel and Google Sheets are some of the renown and most popular spreadsheets in the industry. However, the former is difficult to update. Google Sheets, on the other hand, iseasy to use courtesy of the numerous tutorials such as spreadsheeto’stutorialwhich allows you to stack spreadsheet knowledge.

In addition, you can access both platforms via their mobile apps. Therefore, you can access your data from any location as long as you have an internet connection although you can make changes offline and sync them once you have internet access.

  • Spreadsheets Enable Easy Review

Information displayed on a spreadsheet is easily digestible. In addition, you can create tables, reports,and simple charts to present an infographic. The best part about this is you don’t need any technical skills to create them.

What’s more, you can sort your data according to the most relevant. This is a feature most of the financial management apps lack. With such customizations, you’ll have an in-depth understanding of your finances.

  • Share Your Sheets with Ease

Financial management may require input from other individuals. For this reason, spreadsheets such as Google Sheets and Excel have a sharing option. This allows you to collaborate with others from anywhere in the world.

Inside sharing, you can set the permissions, for example, who can edit and view. This provides flexibility which isn’t available in mobile apps. In Google Sheets, for instance, you can view changes in real-time. Also, if you suspect any mischievous activity, you can access an entire revision history.

  • Stay Engaged

Customization, easy review,and collaboration on your sheets allow you to remain engaged throughout the entire financial tracking process. During the process, you can review the data and create awareness about your financial situation.

You can go deeper by interrogating every dollar spent by customizing the spreadsheet to make it more personal. This will guide you when making future budgets.

  • They are Effective

The simplicity and ease of use make spreadsheets effective and ideal for financial management. In fact, a number of experts recommend using spreadsheets due to their effectiveness. Take a look at some of the reasons why people go for spreadsheets:

  • They get a clear picture regarding their finances.
  • It provides flexibility, thus allowing customization based on personal preferences.
  • You can create different sheets for various purposes. Therefore, you maintain control of your finances.

Spreadsheets provide numerous benefits including customization, collaboration,and flexibility. In addition, they’re effective. In fact, up to 92 percent of people have made the switch from using mobile apps to using spreadsheets.

Author Bio:- Hardik Patel is a Digital Marketing Consultant, Developer, Editor of News for Public and professional Blogger. He has 6+ years of experience in Development, SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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