1. Open the Excel document that you want to add a watermark image.
2. Select the "Insert" tab from the top menu, then in the "Text" group, select "Header & Footer".
3. Excel should switch to Page Layout view, and the cursor will be moved to the center top of the page.
4. On the "Design" Tab, in the group "Header & Footer elements", select "Picture".
5. Navigate to the folder where your watermark image is located, then select the image and click "Insert".
6. A text "[Picture]" is now placed in the middle box of the header.
7. To move the picture down on the page, click on the header and place the cursor before the text "[Picture]", then press Enter a few times.
8. You can view the watermark either on the "Print Preview" or click on any cell of the document.
*** Here are some useful keys for those people who spend most of there working time with excel.
| Shortcut | Description | 
| F2 | Edit the selected cell. | 
| F5 | Go to a specific cell. For example, G7. | 
| F7 | Spell check selected text and/or document. | 
| F11 | Create chart. | 
| Ctrl + A | Select all. | 
| Ctrl + B | Bold. | 
| Ctrl + C | Copy. | 
| Ctrl + F | Find (same as Shift + F5). | 
| Ctrl + G | Go To. | 
| Ctrl + H | Replace. | 
| Ctrl + I | Italic. | 
| Ctrl + K | Insert link. | 
| Ctrl + N | New Workbook. | 
| Ctrl + O | Open Workbook. | 
| Ctrl + P | Print dialog. | 
| Ctrl + S | Save. | 
| Ctrl + U | Underline. | 
| Ctrl + V | Paste. | 
| Ctrl + Z | Undo. | 
| Ctrl + Y | Redo. | 
| Ctrl + X | Cut. | 
| Ctrl + 5 | Strike through text. | 
| Ctrl + F3 | Define Name. | 
| Ctrl + F4 | Exit Excel. | 
| Ctrl + F6 | Switch between open workbooks. | 
| Ctrl + F9 | Minimize current window. | 
| Ctrl + F10 | Maximize current window. | 
| Shift + F1 | Activate Help on Item. | 
| Shift + F2 | Insert Comments | 
| Shift + F3 | Insert Function. | 
| Ctrl + Shift + ; | Enter the current time. | 
| Ctrl + ; | Enter the current date. | 
| Ctrl + Page down | Move to next worksheet. | 
| Ctrl + Page up | Move to previous worksheet. | 
| Ctrl + Shift + # | Number Format: Date | 
| Ctrl + Shift + @ | Number Format: Time. | 
| Ctrl + Shift + ! | Number Format: Commas. | 
| Ctrl + Shift + $ | Number Format: Currency | 
| Ctrl + Shift + % | Number Format: Percentage | 
| Ctrl + Shift + ^ | Number Format: Scientific. | 
| Ctrl + Space | Select entire column. | 
| Shift + Space | Select entire row. | 
| Ctrl + (Arrow key) | Move to next section. | 
 
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