Convert GSHEET to XLS
Converting .gsheet files to .xls format.
How to convert gsheet to xls file
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Converting Google Sheets Shortcuts directly to Microsoft Excel Spreadsheets (.gsheet to .xls conversion) is, per se, not possible, since .gsheet files only contain a link reference to an actual Google Sheets document.
You can however use your .gsheet shortcut to open the Google Sheets document, and then download it as an .xls file using the 'File -> Download' function.