Is There a More Efficient Way to Track Notes?

Currently my company uses a standardized template which includes a 'project commentary section' that we use for general notes and updates either on the project, from the client, etc. that isn't necessarily a task for anyone, but it's information for everyone on the project to know. We also have a column called 'R' which acts as a helper column to filter certain rows in reports. Basically, how we use this cell now is we just keep adding updates whenever they come in. Eventually, the cell becomes too big, and we have to delete info, which we are still able to access through View Cell History, but still, it feels clunky. Is there a better and more efficient way we can be tracking this information where it won't overcrowd the sheet, and it will be easier to view?

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