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Therefore, if you know nothing about spreadsheets, perhaps its 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.

Without having a specialized computer accounting package, knowing how to use a spreadsheet is very important for managing your business. Being able to set up and understand a spreadsheet will help in predicting likely financial outcomes. You may be able to better forecast possible increases or decreases in your expenses or income, based on what you know now. But a spreadsheet is also used for the general analysis of data, including scientific results from experiments, statistical analysis, and of course, analyzing various financial models.

Its worth stating that equations can also be entered in Word 2010 directly using a similar technique. Alternatively you can embed your Excel spreadsheets in Word because Office allows you to integrate your Word documents with your spreadsheets.

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