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Over time, the spreadsheet grew into what we see today, in the form of Microsoft Excel and a number of similar products on the market. The power of the spreadsheet has grown almost exponentially, allowing the user to create customised formulae, charts, pivots and so on. Worksheets can be linked and updated automatically.
Spreadsheet templates can also be used for instant budgets such as an instant party budget and etc. The spreadsheets are designed to suit the time limits and they vary according to the time duration no matter whether it is an annual budget, monthly or weekly budget.
Not dynamic : Data ranges become redundant when new records are added, resulting in established formulae needing to be altered. Overlooking these errors can be embarrassing and downright expensive, especially if important decisions are being made based on the data.