There are two paths through the tracking: standard or advanced.
Spreadsheets are required to do the analysis regardless of which path you choose; they streamline the process and allow you to analyze dozens, or even hundreds, of ads (or keywords) quickly. If you’re not comfortable with spreadsheets, a few options:
Just as a general note: getting your data wrangled into well-structured and organized spreadsheets is workflow changing. If I could go back to when I started publishing books 10+ years ago and change one thing, I’d hone my spreadsheet chops from the beginning. It’s a massive upgrade that’s difficult to explain until you have the skill. Then it changes everything.
This course will help you organize everything with a clear structure. I do try to break down what I’m doing in the spreadsheets at key moments. However, this is not a spreadsheet course meant to teach you Sheets or Excel and is not designed as such.
The course listed at the top of this page is fantastic, with well structured action exercises that guide you from complete beginner to advanced-intermediate. It’s also long. The shortest path to learning just the formulas you need (e.g., the 80/20) will be to pay someone else to teach you. Don’t hesitate to do this, especially if you’re not interested in learning lots of nooks and crannies in Sheets or Excel. If you’re spending even $10/day on ads ($300/mo), not being able to fully drill down into your data might be costing you twice that compared to what you could be making.
Key formulas / features used for analysis (aside from basic functions like adding, dividing etc.):
These are the 80/20 of more advanced formulas. There are plenty of other things you can do in spreadsheets, of course, but having these under your belt will unlock a ton of analysis possibilities that were previously impossible.