Normally, Excel saves your worksheets in the workbook format that is appropriate for the version of the software you are using. This means that your worksheets are stored in a peculiar way that is understood by your version of Excel, but may not be understood by other programs—including earlier versions of Excel.
If you do a lot of work with people who use other versions of Excel or who use a different spreadsheet program, you may want to specify a different default file format for your files. Excel makes this easy; just follow these steps:
Figure 1. The Transition tab of the Options dialog box.
ExcelTips is your source for cost-effective Microsoft Excel training. This tip (2968) applies to Microsoft Excel 97, 2000, 2002, and 2003. You can find a version of this tip for the ribbon interface of Excel (Excel 2007 and later) here: Setting a Default File Format.
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