Update Excel to sharepoint and edit the data.

Hi experts,
Happy New Year to all,
I would like to know is it possible to update my excel sheet having 10 different fields (Columns) to share point, and edit them as a list. Want to know step by step procedure.
My requirement is as below
I want to update the list of activities for each member of my team, in a excel in the first 5 columns and then upload to the share point daily, as my team members were placed in different locations, I want them to update their achivements
for the day in the next 5 respctive columns. By filtering on their names respectively. So that  I can check online and take the report back to excel whenevery i required.
I want to know
1) Step by step procedure I can upload the excel to share point
2) is it possible to restrict the data on particular field, to respective users.
Request to let me know how i can achive.

Excel and SharePoint List does not allow two way sync it is only unidirectional.
You have to go by Scott's suggestions or else Office Web Apps which will allow excel Semiformal co-authoring (http://office.microsoft.com/en-us/sharepoint-server-help/document-collaboration-and-co-authoring-HA101812148.aspx).
Here is how you can use the import Excel funcationality in SharePoint custom list.
1. Define a table to your Excel Data and Save the excel file
2. Go to your site, create a new list either using Site Settings or All site content menu, by selecting Import SpreedSheet
3. select table in the import dialog box
SharePoint will create a new list with the excel data.
As per your requirement , the challenges that we have are -
"a excel in the first 5 columns and then upload to the share point daily"
You cannot reimport excel to a list as per your above requirement, there is only one way of importing to a list library and every time it will create a new list.
" I can check online and take the report back to excel whenevery i required."
You can export the list to excel file for processing offline and again there is no resync between Excel and List.
"is it possible to restrict the data on particular field, to respective users"
You can use item level permission for restricting user access to a list item or use SharePoint designer custom workflow to give item level access.
http://www.sharepointbriefing.com/spcode/article.php/3911751/Implementing-ItemLevel-Security-in-SharePoint-2010-and-2007.htm
http://social.msdn.microsoft.com/Forums/en-US/1911c999-8083-4d35-9cdc-3b9c3a7242a7/how-to-create-item-level-permission-for-list-in-sharepoint-2010?forum=sharepointgeneralprevious
Hope this helps!
MCITP: SharePoint 2010 Administrator
MCTS - MOSS 2007 Configuring, .NET 2.0
| SharePoint Architect | Evangelist |
http://www.sharepointdeveloper.in/
http://ramakrishnaraja.blogspot.com/

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