The joy of Excel of-course is that you can adapt it to do anything you want, such as hours on a particular type, any presentation you want - and you can export the data to a different spreadsheet, database, etc. whenever desire or circumstances dictate.
I confess that I've only ever used it for adding up specific things not summing my whole logbook - and if I did I'd still keep my paper logbook. But, that's just me.
G