Files with CSV (Comma Separated Values) extension represent plain text files that contain records of data with comma separated values. Each line in a CSV file is a new record from the set of records contained in the file. Such files are generated when data transfer is intended from one storage system to another. Since all applications can recognize records separated by comma, import of such data files to database is done very conveniently.
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.
You can also convert CSV into many other file formats. Please see the complete list below.