XLSMMicrosoft Excel Macro-Enabled Spreadsheet
Files with XLSM extension is a type of Spreasheet files that support Macros. From application point of view, a Macro is set of instructions that are used for automating processes. A macro is used to record the steps that are performed repeatedly and facilitates performing the actions by running the macro again. Macros are programmed with Microsoft's Visual Basic for Applications (VBA) from within the Excel Workbook using the Visual Basic Editor and can be run/debug directly from there.
XLSMicrosoft Excel Binary File Format
Files with XLS extension represent Excel Binary File Format. Such files can be created by Microsoft Excel as well as other similar spreadsheet programs such as OpenOffice Calc or Apple Numbers. File saved by Excel are known as Workbook where each workbook can have one or more worksheets. Data is stored and displayed to users in table format in worksheet and can span numeric values, text data, formulas, external data connections, images and charts.