Create a New Blank Workbook:
To perform new work in Excel, you need to first create a new, blank Excel workbook. Excel automatically creates a blank workbook each time you start the program, but for subsequent files you must create a new workbook yourself.
Create a New Workbook from a Template:
You can save time and effort by creating a new workbook based on one of Excel’s template files. Each template includes a working spreadsheet model that includes predefined labels and formulas, as well as preformatted colors, fonts, styles, and more. Excel 2010 offers seven templates, including Expense Report, Loan Amortization, and Personal Monthly Budget. However, there are many more templates available through Microsoft Office Online.