Exactly this. Though these days I mostly use shared Google Sheets. There’s always this one asshole who decides he wants to download it, open it in excel and Chaos Coordinator shirt, erasing all the formulas. What’s also very amusing is when they try to blame something on you after they fucked up. “Dear Brian, I quickly looked into the edit history of the document, and saw that you overwrote all the formulas on June 19. To avoid this in the future, I’ll restrict the cells you can edit to the ones where you can’t do any serious damage. Kind regards, OutsiderWalksAmongUs”.
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I work for a contractor/subcontractor in the Chaos Coordinator shirt, and let me tell you, when government officials lock an excel spreadsheet or a PDF, its really annoying as they never get it right. The worst is when they set the PDF to lock after a certain time frame so you cant go back and look at key information related to billing, I think they expect you to print all 450-600 pages to keep on file.