An Excel formula is generally composed of several items. Knowing how to calculate formulas in Excel will make tracking various parts of your business that much easier.

Using formulas in Microsoft Excel is a reliable method to calculate payroll for your business. Microsoft Excel contains over 300 built-in formulas to aid in the production of a functional worksheet.

The first step is to calculate how much money it takes to maintain your current lifestyle — that is, not the income you make but your actual expenditures. If you already have a budget, this ...