Excel file into InDesign document

I am planning on making our price list in InDesign so I easily can make it "nicer" than in Excel.
Today we have it all in an Excel file but how do I go about putting this info in InDesign? I want the Excel file to be the "origin", if I need to change the prices etc, I want to make them in the Excel file and then relink it to InDesign - if that's possible, that is...
I want it in A5 format, should the Excel file also be made in A5 then?
Today the price list is in one Excel Book and then separated into different pages (if that is the correct word for it, I have Excel in Swedish!). Is that OK or should I just make one long list with all the products.
I tried making an InDesign doc in size A5 and then an Excel file in the size of A5. But when importing the Excel file into InDesign it looked really weird! Numbers came as red dots and all the info didn't fit.
What did I do wrong!?
I'd appreciate all the help I could get! Maybe you know how to do this or where I can read more about it. I'm not that good at InDesign, still consider myself as a beginner...
Thanks!

Emma,
Have you gotten any further with your question? I am in the process of updating our pricing information and I am laying our pricers out in InDesign so that I can make them look "nicer" also. I have been doing research on linking Excel files to InDesign and it has come in very handy. There are some issues I have run into, however, which were mentioned in some of the other responses you have gotten.
First of all, your Excel info isn't coming in correctly because of formatting issues. When you place and link an Excel file, you can indicate what sheet you want to place and even a named range or cell range of that sheet. You can also indicate in that options window whether you want it to be placed as an unformatted table, formatted table or unformatted tabbed text. You will want to choose formatted or unformatted table depending on how you want your InDesign file to look. You can do all of the formatting for your table in Excel and place it as a formatted table, which works o.k., but you will have to deal with a couple of adjustments after you place the file. Your text probably won't show up because of the default settings for the indents of the cells in a table in InDesign. All you have to do for that is double click in your text box and select the whole table. Then you can right click or go to the Table menu and choose Cell Options. Set the Top and Bottom Cell Insets to 0, I usually set my vertical justification to center while I am at it. You could also adjust the row heights to make the text fit.
A wonderful tool to use is a plug in for InDesign by Teacup called TableStyles and CellStyles. I recently discovered this and have started trying to work with it. I came across it by looking around online for information and discussions much like this one. I discovered that we already had this plugin in our program files, but it was not in the correct spot to be able to use the function when I was in InDesign. I had to move the plugins from a Teacup folder within my PlugIns folder. They need to be in the PlugIns folder under Tables.
At any rate, I know I am on the right path, but I am running into a few snags that I haven't been able to find any information on yet. It is best to place the Excel files as unformatted tables when you plan to use the TableStyles and CellStyles to do your formatting, but I have found that it seems as though linking to separate sheets and ranges becomes an issue when you want to update a link. It doesn't keep the sheet and range information you indicated when you first placed the file....? Haven't dug up any information on that yet.
I hope at least some of this is helpful, sorry for rambling on, I just was going through the same thing and wish I had found out about these plugins, etc. sooner. :)

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