{"id":91221,"date":"2022-03-14T20:56:13","date_gmt":"2022-03-14T20:56:13","guid":{"rendered":"https:\/\/monday.com\/blog\/?p=91221"},"modified":"2024-11-25T14:50:23","modified_gmt":"2024-11-25T14:50:23","slug":"excel-summary-template","status":"publish","type":"post","link":"https:\/\/monday.com\/blog\/project-management\/excel-summary-template\/","title":{"rendered":"Free Excel summary templates for busy professionals"},"content":{"rendered":"

Microsoft Excel is a powerful tool for creating summaries of all varieties. Unfortunately, it can be pretty complex to navigate \u2014 especially for those of us who don\u2019t consider ourselves Excel wizards \u2014 so setting up a summary spreadsheet can quickly become a nightmare.<\/p>\n

That\u2019s why Excel summary templates are so vital. Templates in Excel allow leaders to create summaries \u2014 be they reporting on the efficacy of social media advertising efforts or simply budget templates to lay out a financial plan \u2014 without having to learn the myriad formulas and formatting tricks Excel has to offer.<\/p>\n

In this article, you\u2019re going to discover the huge benefit you can gain from using an Excel summary template and learn from several common examples. Plus, we\u2019re going to take things a step further and share with you a free summary template built on monday.com and show you why our Work OS<\/a> is second to none when it comes to summary reporting. Let\u2019s answer the most essential question first.<\/p>\n

Get the template<\/a><\/span><\/p>\n

What is an Excel summary template?<\/h2>\n

An Excel summary template is a pre-built and customizable Excel spreadsheet designed to help you put together the kind of summary you\u2019re interested in creating. Let\u2019s say, for example, that you want to put together a summary of the utility bills your organization owes from last month.<\/p><\/blockquote>\n

A utility bill summary report template in Excel might look like something like this, with columns for each of the common utility bills you\u2019re likely to receive and rows to fill in the monthly cost of each.<\/p>\n

\"example<\/p>\n

(Image Source<\/a>)<\/p>\n

There are many reasons why you might want to use an Excel summary template to create a summary.<\/p>\n

Why use an Excel summary template?<\/h2>\n

First of all, Excel is not exactly known as a simple, user-friendly piece of software. To its credit, it’s fairly complex and is capable of putting together some pretty impressive reports, but you really need to know how to drive it if you\u2019re going to get the most out of Excel.<\/p>\n

An Excel summary template allows you to skip this steep learning curve by offering you a helpful framework with predefined fields and calculations programmed right in. That means you don\u2019t need to muck around looking for the right formula, and you no longer run the risk of plugging in the wrong one and messing up the entire summary. With a template, you can simply plug in the relevant figures and let the spreadsheet do its magic!<\/p>\n

Using an Excel summary template helps you work more efficiently and reduces the risk<\/a> of human error, but it also offers an additional benefit: professional presentation.<\/p>\n

Excel spreadsheets in and of themselves aren\u2019t exactly beautiful, and it takes a bit of design prowess to turn that gray and white grid into a color-coded masterpiece that makes interpreting data child\u2019s play. But with a predesigned template, all of that work is taken care of for you, so you can show the report to your manager and feel confident that you\u2019re presenting work that is both professional and easy to interpret.<\/p>\n

Excel summary templates can be used when creating many different kinds of summaries.<\/p>\n

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What are some examples of Excel summary templates?<\/h2>\n

Tax summary report template<\/h3>\n

Excel templates are often used to produce tax summaries, such as the one you see below. This tax summary template allows you to plug in top-line figures \u2014 such as tax amounts paid for each month \u2014 or pull these in from other Excel spreadsheets. It also includes columns for both budgeted amounts and actuals so that you can compare real-life performance against expectations.<\/p>\n

\"example<\/p>\n

(Image Source<\/a>)<\/p>\n

Stock summary report template<\/h3>\n

A stock list template for Excel is an easy way for store managers to keep track of the stock they have on hand, determine when to order new inventory, and minimize loss.<\/p>\n

As this is a daily stock summary report, consider creating a new document for each month and then add a new sheet within that document each month.<\/p>\n

\"example<\/p>\n

(Image Source<\/a>)<\/p>\n

Utility bill summary report template<\/h3>\n

This Excel summary template can keep track of business utility bills such as water and electricity. This can be a helpful process for identifying areas of wastage and determining which days are contributing most to utility costs.<\/p>\n

\"example<\/p>\n

(Image Source<\/a>)<\/p>\n

monday.com\u2019s Excel summary template<\/h2>\n

Ready to get started putting together a summary in Excel? Our expense summary template has all of the necessary headers, formulas, and category total fields to present a concise summary of your monthly business expenses<\/a> without having to study the Excel manual.<\/p>\n

Our expense summary template<\/h3>\n

We\u2019ve discussed a number of sample templates so far, but all of them have one problem in common: they\u2019re disconnected from the rest of your work management tools. Because Microsoft Excel is a standalone platform, it\u2019s isolated from the various other software you use to get work done on a daily basis. It doesn\u2019t integrate with your accounting software \u2014 like Quickbooks \u2014 or your marketing platforms \u2014 Mailchimp, for example \u2014 so you\u2019re unable to pull data instantly from these sources. That is, you have to enter it all manually.<\/p>\n

That\u2019s why we\u2019ve also built you a powerful summary template on the monday.com Work OS. With our monday.com template, you\u2019ll be able to:<\/p>\n