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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.

Try not to use of keep the use of merging cells to an absolute minimum. I cant express how much this can create a lot of issues like losing the ability to sort data correctly, use copy and paste correctly and the ability to run VBA code as its does not handle merged cells very well. One great way around is to use the alternative Centre Across Selection. This can easily be achieved by Format | Cells Always try to leave at least three or more blank rows above your data table. This can be easily used for criteria for features such as database functions and advanced filtering.

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.

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