33 Excel Templates for Business to Improve Your Efficiency (2022)

There’s a reason Excel is so ubiquitous in the workplace. Its versatility allows you to do a plethora of different things like track KPIs, create sales receipts, and record time cards.

To make your life a little easier, we compiled some of our favorite Excel templates for business.

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These handy Excel templates will save you precious time when creating business documents.

1. Timeline template

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Time is a resource that can’t be gained back, which is why it’s essential to track it. Thistimeline templateby Vertex42 gives you an overview of the milestones and events that team members should be aware of.

2. Gantt chart template

33 Excel Templates for Business to Improve Your Efficiency (2)Need something more sophisticated than a project timeline? Look no further than this Gantt chart templateby Vertex42. You can organize tasks, change dates and track the status of tasks using easy-to-master excel functions and formulas.

3. To-do list template

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A big part of the solution creating process is simply knowing what needs to get done. This to-do list template by Vertex42 is perfect for keeping you and your team in the loop.

With this template, you can add project tasks, the priority level, a due date, who’s in charge, and status updates.

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4. Issue-tracking template

33 Excel Templates for Business to Improve Your Efficiency (4)Learning from mistakes is key for growth, both professionally and personally. Enter, the issue-tracking template.

This template allows you to keep a log of what went wrong, the priority of the issue, the team assigned to tackle it, as well as a comment section to note any findings. Having a birdseye view of what went wrong will help you track recurring issues, and nip them in the bud before they affect the rest of the current project.

5. Weekly time-card template

33 Excel Templates for Business to Improve Your Efficiency (5) An economical alternative to time-card software is this free template. The weekly time-cardby Vertex42 calculates hours per week per project, which is particularly handy for smaller businesses that need to track budgets.

6. KPI tracker template

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This handy KPI tracker will help you measure the things that matter for business success. The template allows you to consolidate metrics between teams and switch between a table and graphical layout.

7. Party planning template

33 Excel Templates for Business to Improve Your Efficiency (7)In charge of planning a work event? Excel can help you out. Use this party planning template to ensure the expenses stay firmly nestled within the budget.

8. Payment invoice template

33 Excel Templates for Business to Improve Your Efficiency (8)Save time by using this free invoice template when receiving payments from customers.

9. Portfolio management template

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Use this portfolio management template to track how much you earn from your investments. Created by a Singaporean investor and adapted to fit the US stock market, this template also has a summary section for a broad view of yourportfolio.

10. Service invoice template

33 Excel Templates for Business to Improve Your Efficiency (10) This invoice template is ideal service-based businesses. It has empty fields to populate with information pertaining to the services you provide.

11. Shipping invoice template

33 Excel Templates for Business to Improve Your Efficiency (11)

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Save money on invoicing software with this template. With this Excel sheet, you can include shipping information, alternate addresses, product codes, and notes.

12. Account statement template

33 Excel Templates for Business to Improve Your Efficiency (12)For businesses that bill customers recurringly, this account statement template is super handy for creating a summary of sales made. This is particularly useful for smaller businesses as bookkeeping software can be expensive.

13. Packing slip template

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If you’re shipping goods to customers, use this packing slip template to show your customers a breakdown of their order.

14. Price quote template

33 Excel Templates for Business to Improve Your Efficiency (14)Simplify your quoting process with this price quote template. The template has sections for the quote description, special notes, customer information, and more!

15. Purchase order template

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Once your customer decides to accept your price quote, you can then create a purchase order thanks to this template.

16. Sales receipt template

33 Excel Templates for Business to Improve Your Efficiency (16)Use this template to send your customer a sales receipt.

17. Rent receipt template

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This rent receipt template is handy If you rent out your office space or home. The simple template allows you to keep a record of payments made on your property.

18. Home office expense tracker template

33 Excel Templates for Business to Improve Your Efficiency (18)Solopreneurs working from home will want to use this home office expense tracker to check that they’re making the most out of their eligible tax deductions.

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19. Time card template

33 Excel Templates for Business to Improve Your Efficiency (19)This time card template is useful for businesses that hire contractors. The sheet allows team members to note the amount of time spent on a project. It also automatically calculates the regular hours and overtime hours along with total hours spent each week.

20. Weekly time card template

33 Excel Templates for Business to Improve Your Efficiency (20) Once you have your employees’ daily log all set, you can then transfer that information to this weekly time card template to get a better view of their hours for the month.

21. Weekly timesheet

33 Excel Templates for Business to Improve Your Efficiency (21)This weekly timesheet includes breaks in it so you can get a more accurate picture of how many hours your employees are working each week.

If you're looking for a daily schedule template, check out this resource.

22. Payroll calculator template

33 Excel Templates for Business to Improve Your Efficiency (22)

This payroll calculator template helps you account for deductions when determining gross pay.

23. Startup business plan template

33 Excel Templates for Business to Improve Your Efficiency (23)Ever heard the phrase “if you fail to plan, you are planning to fail”? This startup business plan template helps you get one step closer to success. The sheet includes instructional sections for an executive summary, marketing plan, startup expenses and more!

24. Existing business plan template

33 Excel Templates for Business to Improve Your Efficiency (24)Are you an established business without a formalized financial plan? This template might be the one for you.

25. 12-month marketing plan template

33 Excel Templates for Business to Improve Your Efficiency (25)Plan for the year ahead with this 12-month marketing plan template. The highly detailed template helps you identify: your market, your target customer, your business goals, strategies and tactics, and budget.

26. Editorial content calendar template

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Content and social media have only grown in importance over the past few years. This editorial content calendar template is a handy way to track when and where you post over a few months.

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27. On-page SEO template

33 Excel Templates for Business to Improve Your Efficiency (27)This on-page SEO template is great for organizing on-page SEO strategy, documenting any changes, and more.

28. SWOT analysis template

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Use this SWOT analysis to ensure you and your team are systematically identifying and adapting to opportunities and potential threats

29. Event planning template

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In the event planning business or simply want to celebrate a milestone with your team? Check out this event planning template so yours runs without a hiccup.

30. Job application template

33 Excel Templates for Business to Improve Your Efficiency (30)Looking to expand your team in a smart, efficient way? This job application template might be the tool you need. You can use it as is, or edit the entry fields so you can screen for the skills and qualities necessary for the role.

31. World meeting planner

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If you work as part of a global remote team, you are probably aware of the inconvenience that comes with coordinating a mutually optimal time for meetings. This world meeting planner and time zone converter will save you multiple e-visits to timeanddate.com when coordinating with your coworkers.

32. Business financial plan template

33 Excel Templates for Business to Improve Your Efficiency (32)Download this business financial plan template to track and forecast your spending and income for the future.

33. Business budget expense template

33 Excel Templates for Business to Improve Your Efficiency (33)Want a more comprehensive financial tracker? Look no further than this business budget expense template. You can evaluate your actual expenses against your actual budget both numerically and graphically.

34. To do list template

33 Excel Templates for Business to Improve Your Efficiency (34)This to do list Excel template visually displays your tasks on a daily, weekly, and monthly basis.

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Become an Excel pro

Want to learn how to use Excel like a pro (and maybe create a couple templates of your own)? Check out our range of Excel courses, complete with video lessons with accompanying cheat sheets, exercises, and quizzes to bolster your learning.

For more Excel templates, check out this handy article.

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FAQs

How do you improve efficiency in Excel? ›

In this article
  1. Optimize references and links.
  2. Minimize the used range.
  3. Allow for extra data.
  4. Improve lookup calculation time.
  5. Optimize array formulas and SUMPRODUCT.
  6. Use functions efficiently.
  7. Create faster VBA macros.
  8. Consider performance and size of Excel file formats.
29 Mar 2022

How can a small business owner use Excel to make the business more efficient? ›

Microsoft Excel enables users to identify trends and organize and sort data into meaningful categories. Excel also performs Human Resources functions, such as sorting worked hours and organizing employee profiles and expenses, which help businesses better understand the structure and activities of their workforce.

Where can I find free Excel templates? ›

Go to Office.com. Click Templates at the top of the page. On the Templates page, click Excel. Tip: To see more templates, under BROWSE BY CATEGORY, click the category (like Calendars) that you want to see.

Where can you find thousands of templates for Excel? ›

You can search for thousands of templates at templates.office.com.

What are basic Excel skills? ›

Basic Excel Skills
  • Saving and Opening a Workbook. Saving and opening an Excel workbook is just like as you do in any other application. ...
  • Managing Worksheets. ...
  • Formatting Cells. ...
  • Printing. ...
  • Excel Functions (Basic) ...
  • Charts. ...
  • Sorting Data. ...
  • Find and Replace Option.

What is Advanced Excel skills? ›

Advanced Excel skills include the ability to produce graphs and tables, use spreadsheets efficiently, and perform calculations and automation to process large volumes of data. With the rise of big data and data analytics, advanced Excel skills are a real asset both during the job hunt and everyday work tasks.

How many templates does Excel have? ›

Microsoft Excel allows creating two special templates - Book. xltx and Sheet. xltx - that are the basis for all new workbooks and all new worksheets, respectively.

How do I install a template in Excel? ›

To base the workbook on an installed template, click Installed Templates, and then under Installed Templates, double-click the template that you want to use. To base the workbook on a template that you created, click My templates, and then on the My Templates tab, double-click the template that you want to use.

Where can you search and download Office templates Excel? ›

Open Microsoft Excel. On the right side of the Home tab, click More templates. Scroll through the displayed list of templates to find the one that suits your needs. If you don't find one you like, you can use the Search for online templates text field to see if there is a template online for what you need.

What are Excel template files? ›

A template is a pre-defined workbook (with one or more worksheets) that can be used to help you create your final workbook. Using templates that contain pre-formatted worksheets can save you a lot of time. Every time you select (File > New) a template is used to create the blank workbook.

What are the 5 functions in Excel? ›

The most frequently used functions in Excel are:
  • AutoSum;
  • IF function;
  • LOOKUP function;
  • VLOOKUP function;
  • HLOOKUP function;
  • MATCH function;
  • CHOOSE function;
  • DATE function;

What are the 3 common uses for Excel? ›

The main uses of Excel include: Data entry. Data management. Accounting.

What spreadsheets do I need for a small business? ›

5 Must-Have Spreadsheets For Small Business Income and Expenses
  • General ledger.
  • Departmental budget.
  • Annual business budget template.
  • Projections spreadsheet.
  • Specific project budget template for a business.
19 Nov 2020

What are the 20 Excel functions? ›

Advanced Excel formula and functions
  • VLOOKUP. The function is used to look up for a piece of information in a large segment of data and pull that data to your newly formed table. ...
  • Sum Function. ...
  • MAX MIN function. ...
  • IF Function. ...
  • SUMIF Function. ...
  • COUNTIF Function. ...
  • AND Function. ...
  • OR function.

How do I master skills in Excel? ›

  1. Master the Shortcuts. You can save precious time by learning some keyboard shortcuts. ...
  2. Import Data from a Website. Learning how to import data is an essential function that can greatly speed up your workflow. ...
  3. Filter Your Results. ...
  4. Calculate the Sum. ...
  5. AutoCorrect and AutoFill. ...
  6. Display Formulas. ...
  7. Manage Page Layout.
14 Sept 2022

What is the formula for efficiency in Excel? ›

Efficiency calculations

Click under Total (G2) (1), and type =SUM(A2:F2). Click under Manufacturing Efficiency (H2) (1), and type =D2/G2 (2). Note: If you wish, you could right-click on the result, choose format cell, choose percentage, and then click ok.

What is the efficiency formula? ›

How Do You Calculate Efficiency? Efficiency can be expressed as a ratio by using the following formula: Output ÷ Input. Output, or work output, is the total amount of useful work completed without accounting for any waste and spoilage. You can also express efficiency as a percentage by multiplying the ratio by 100.

How do you calculate data efficiency? ›

The amount of data retransmitted per flowthe network traffic between network objects is used to calculate the Network Efficiency metric.
  1. Efficiency = 100% * (transferred - retransmitted) / transferred.
  2. Network Loss = 100 - Efficiency.

How do you calculate productivity and efficiency? ›

You can measure employee productivity with the labor productivity equation: total output / total input. Let's say your company generated $80,000 worth of goods or services (output) utilizing 1,500 labor hours (input). To calculate your company's labor productivity, you would divide 80,000 by 1,500, which equals 53.

How do you calculate production effectiveness? ›

First, divide your actual output rate by your standard output rate. Then, multiply the resulting amount by 100%. The resulting amount represents production efficiency.

What are some examples of efficiency? ›

6 Examples of Efficiency
  • Energy Efficiency. A standard incandescent light bulb converts about about 2% of its energy consumption to light and 98% to heat. ...
  • Work Efficiency. Under ideal conditions, a particular programmer can write about 1000 lines of code in a day. ...
  • Process Efficiency. ...
  • Solar Panels. ...
  • Device Efficiency. ...
  • Vehicles.
7 Feb 2017

What is efficiency in a business? ›

Efficiency is about getting the most out of your resources. It means your business is able to produce more with less money and less waste. It also means you can operate day-to-day without making costly errors.

What is the difference between efficiency and effectiveness? ›

Efficiency and effectiveness are not the same thing. Efficiency is defined as the ability to accomplish something with the least amount of wasted time, money, and effort or competency in performance. Effectiveness is defined as the degree to which something is successful in producing a desired result; success.

How big is too big for an Excel file? ›

250 megabytes (MB) total file size limit.

What is a macro in Excel and how does it work? ›

If you have tasks in Microsoft Excel that you do repeatedly, you can record a macro to automate those tasks. A macro is an action or a set of actions that you can run as many times as you want. When you create a macro, you are recording your mouse clicks and keystrokes.

How do you measure efficiency in a business? ›

It can be measured by dividing total net sales by accounts receivable, which is the number of receivables paid during a fixed period. An efficient business has a high turnover, meaning sales are quickly converted to cash that can be used to pay bills and grow the business.

What is line efficiency? ›

The line efficiency formula is the number of hours when a high-volume pick-and-place machine is putting parts on the printed circuit board, divided by the number of hours where you are staffing the SMT assembly line. Put more simply, it is the placement time hours divided by the staffed time hours times 100.

How do you calculate work time and efficiency? ›

Time Taken = 1 / Rate of Work. If a piece of work is done in x number of days, then the work done in one day = 1/x. Total Wok Done = Number of Days × Efficiency. Efficiency and Time are inversely proportional to each other.

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