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Many features in Excel and other Office applications are designed for saving and sharing files online using OneDrive, which allows access to documents remotely. To use OneDrive, ensure you are logged into Excel with your Microsoft account. To save a new workbook, click the Save command on the Quick Access Toolbar; this will direct you to the backstage view to select a save location on your computer. You can also click the Browse button to choose a specific location, enter a file name, and click Save. For saving a different version, use the "Save As" option in the backstage view, which allows you to save the file to either OneDrive or your PC, following similar steps.