You can track revenues and expenses. That is why spreadsheets are often used by accounting professionals. Even if you are the owner of a small business, you can greatly benefit out of using a spreadsheet. Just imagine logging all of your financial data on a ledger and making the calculations and comparisons manually or even with the use of a calculator. It would probably take you hours to finish everything wherein with a spreadsheet software you can do it in just a few minutes. Therefore, if you know nothing about spreadsheets, perhaps it#8216;s about time you undergo a spreadsheet training. And training does not have to be too expensive. While attending a seminar or an actual course would be the best method, you can also learn through books and other study guides. It is actually your preference but studies have shown that with most computer programs, people learn better when they are personally coached.
However, there are some other parameters that can be set at the same time. For other options, simply choose the Advanced tab. There are three core parameters that you need to be aware of. The first is the length of time you will store the history in your file. Microsoft Excel allows you to store over 32000 days worth of changes to your Excel file, however, there is a catch. All of that information is stored in your file and consequently your file will grow exponentially. Most organisations generally work on a maximum of 30 days and that is the default, however the value entered simply depends on your workbooks requirements. You can choose the second option which says, Don‘t Keep Change History. This simply ensures no changes are maintained.