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Dealing with data from multiple individual spreadsheets. Should data be merged OR are there better ways to deal with multiple sheets?

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I have transactional data (spreadsheets) from different time periods and would like to know if there are better ways to import the data to a mastersheet, than to merge all the spreadsheets into one? If I merge the data, I will have to append items to this master document in the future which could be an option, but am wondering if there are methods to consider?


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