Microsoft excel’s new feature ‘Money’

Managing our finances has never been easy for any of us. We all struggle in our way to manage our money efficiently. But now, with the help of technology, this challenging situation has become quite easy as Microsoft has come up with the ultimate money feature. Yes, Microsoft 365 personal or family subscribers in the US can have this feature that will help them manage their finances effortlessly. So now, let’s dive in to know more about the money feature. 

Now let’s understand how the ‘money’ feature in Excel can help you manage your finances.

It will help you keep track of your money.

When you connect your bank account with your Excel sheet, it will automatically import all your transaction history into your Excel worksheet. It will help you save a lot of time. And you don’t need to add your information manually into the spreadsheet. Also, whenever you want to import the latest transactions in your spreadsheet, you need to click on the update button. And that’s it for you. You’ll get your recent transaction information in your spreadsheet. 

You can analyze your finances easily

With the help of this money feature, you can easily track your finances and analyze where you are spending the most. For say, you can use the snapshot sheet to have a glimpse of your expenditure categories like rent, groceries, etc. Also, you can use easy to read graphs to track down your monthly expenditure and compare with other months. 

Customizable available according to your needs

When it comes to finances, many of us use Excel to have a record of our money. Also, with the money feature in Excel, it has become more efficient and easy to manage our finances. And the great thing about this feature is that it is customizable too. Yes, if any transaction doesn’t fall into the pre-defined category, you can add your category easily. Isn’t that great? Also, if you want to have custom analyzes, you can copy all your related transactions and use the graphs available in the Excel sheet to get an insight. 

In short, you can import your financial data from banks securely into your spreadsheet without leaving it. You can keep your workbook updated by clicking on the update button that will sync your latest transaction history. And the customize money feature will help you to customize your workbook the way you want. And with the help of it, you can get tailored insights about your finances. So, in this way, the money feature eases your experience of managing your finances in your Excel spreadsheet.