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Microsoft Excel is one of the fundamental computer programs used for accounting and financial services. It allows banks to respond more quickly to customer and client needs, to have better knowledge of the status of their financial assets, and allows a banker to service more clients with less work.
- Data Entry and Automation
Banks make their money off of accurate record-keeping of financial assets. By using several features in Excel, including entering formulas once and cutting and pasting to new cells, and making cells with formulas that are read-only, Excel greatly reduces the time to make those records and the likelihood of errors.
Excel has a number of functions that are designed around invoicing, such as DATE, and EDATE. These functions allow banks to track when payments are due on loans and when to send out statements. They also can be used to track maturity dates on certificates of deposit.
While Excel's functions (like EDATE) are very flexible, Excel also comes with Visual Basic for Applications, which allows automation of routine tasks, such as end of business day copying of data from workstations to a centralized accounting check point. Most banks have built thousands of macros and customized programs on top of Excel's functionality, which would cost millions of dollars to replace if they were done again from scratch.
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What is the spreadsheet program in Microsoft office 2007?
I believe the only Microsoft program used to create spreadsheets is Microsoft Excel.
What is Microsoft Excel used for and what will it allow you to do?
Microsoft Excel allows you to be pretty<3
Different beetwin Microsoft Word Microsoft Excel?
Microsoft Word is used for writing papers, and Microsoft Excel is for spreadsheets.
Can a person complete calculations in Microsoft Excel 2003?
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What is Microsoft Office Excel 2007 Excel?
It is a spreadsheet program. This can also be used for editing charts.
Who are the creators of Microsoft Excel?
Microsoft excel was created by Microsoft
Which of the Microsoft products is most commonly used to create spreadsheets?
Microsoft Excel.
What software is used in a spreadsheet?
Microsoft Excel.
How do you launch Microsoft Excel?
Programs->Microsoft Office->Microsoft Excel
What is the most commonly used spreadsheet?
Microsoft Excel.
What is the difference between Microsoft Word and MS Excel?
Word: Is used to Create / Edit Word Processing documents Excel: Is used to Create / Edit Spreadsheet Calculations Hope this helps
What program is used to create and modify spreadsheets on Excel Answer It?
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