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What are the five uses of Microsoft Excel? 7 Popular Business Uses for Microsoft Excel Data entry and storage. At its most basic level, Excel is an excellent tool for both data entry and storage. ... Collection and Verification of Business Data. ... Administrative and managerial duties. ... Accounting and budgeting. ... Data Analysis. ... Reporting + Visualizations. ... Forecasting.Why is Excel used? Microsoft Excel Definition. Excel definition: a software program created by Microsoft that uses spreadsheets to organize numbers and data with formulas and functions. Excel analysis is ubiquitous around the world and used by businesses of all sizes to perform financial analysis.
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