Excel sheets are typically used to create financial models. It is a collection of diverse heads and amounts given its nature. It is unstructured or monochrome preparation may cause the reader to become disinterested or confused. It is advised for people developing a financial model to employ templates because it is clear that constructing and comprehending a financial model is crucial. It saves time and effort compared to starting from scratch. Additionally, it results in the creation of a clear model that anyone can understand, not just the person who created it. They are also incredibly useful while making presentations or closing negotiations. The sheets generally have self-explanatory instructions which improve the credibility of the organization