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1. Excel saves a lot of time. Automating repetitive and predictable tasks with macros is one example. This allows one to format, filter and analyse vast sets of data within seconds.2. Excel is highly customisable. Accountants need to create reports with tables and charts in excel. The same can be re-used for creating other reports without having to use or create new templates.3. Excel is convenient in comparing financial datasets. It helps one in tracking financial records and see from which source the cash flow is generating.
