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A template is a predesigned spreadsheet you can use to create new spreadsheets with the same formatting and predefined formulas. By using these templates, you don't need to know how to do the math, or even how to write formulasthese are already integrated into the spreadsheet.
A Report is a document or template containing information organized in a narrative, graphic, or tabular form, prepared on ad hoc, periodic, recurring, regular, or as required basis. Reports may refer to specific periods, events, occurrences, or subjects, and may be communicated or presented in oral or written form.
