Microsoft Excel can be used to create a tracking spreadsheet for any purpose, ranging from expense tracking to loan amortization schedules. Applying formulas to the spreadsheet will help you categorize your expenses or repayment schedule and get a quick idea of your overall financial status.
A simple way to create a tracking spreadsheet is to identify the objects that you would like to track and separate them into different columns. Apply data validation rules and formulas on individual data fields or sets of data to categorize results and track figures at a glance.
Microsoft Excel also provides you with the option to use graphs and charts for data representation. Select the data range that you would like to track, click on the Insert tab and choose a chart to represent your data. These charts are dynamic and adapt to changes made to data ranges.
You can also create a tracking spreadsheet by downloading pre-existing Microsoft Excel templates. In Excel, open the File tab, click New and then click Microsoft Office Online. Type "Tracking" in the search field to find a list of templates and download one that meets your requirements. You can customize the downloaded template to suit the purpose for which you need a tracking spreadsheet.