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There are many advantages and disadvantages of MS Excel and some of them are given below:
If you have an MS Excel in your computer, then you do not need any other software for simple data storage. MS Excel is very user friendly and after understanding a few functions of MS Excel you can learn all on your own. For simple record keeping and functions MS Excel is best and you can also install SQL Server, Oracle, MySQL, etc. For specialized functioning. It can be connected directly with OLAP databases. There are all of the basic financial functions available in MS Excel like Fixed Assets Depreciation, Amortization, etc. MS Excel can also be sent through email and it is very cheap as well.
Some of the disadvantages of MS Excel are there but they can be overcome. When you will save more applications in the same excel file, then its execution can be very slow. If you store different files separately on different locations, then your data can be lost. MS Excel is not suitable for storing confidential data.
If you have an MS Excel in your computer, then you do not need any other software for simple data storage. MS Excel is very user friendly and after understanding a few functions of MS Excel you can learn all on your own. For simple record keeping and functions MS Excel is best and you can also install SQL Server, Oracle, MySQL, etc. For specialized functioning. It can be connected directly with OLAP databases. There are all of the basic financial functions available in MS Excel like Fixed Assets Depreciation, Amortization, etc. MS Excel can also be sent through email and it is very cheap as well.
Some of the disadvantages of MS Excel are there but they can be overcome. When you will save more applications in the same excel file, then its execution can be very slow. If you store different files separately on different locations, then your data can be lost. MS Excel is not suitable for storing confidential data.
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