SUMIF, SUMIFS, AVERAGEIFS, and COUNTIFS are commonly used accounting functions in Microsoft Excel. These formulas are used to calculate cell values based on the criteria you have described or specified. The SUMIF function in Excel is used to add all the cell values and return the results on ...
plain and simple. Follow this guide and you’ll be ready to tackle any financial problems in Excel. It should be noted that while each of these formulas and functions are useful independently, they can also be used in combinations that make them even more powerful. We will point out these ...
These two advanced formulas are great uses of conditional functions. SUMIF adds all cells that meet certain criteria, and COUNTIF counts all cells that meet certain criteria. For example, imagine you want to count all cells that are greater than or equal to 21 (the legal drinking age in th...
Excel can handle the basic accounting requirements of very small businesses — that is, until they start to grow and need to comply with accrual-basis accounting.
Locate the Home tab:The Home tab is typically located at the top of the Excel window. It is one of the primary tabs in the Excel ribbon, along with other tabs such as Insert, Page Layout, and Formulas. Select the Home tab:Click on the Home tab to activate it. Once selected, the ...
In our free Excel templates, the cells containing formulas used to calculate total hours and total pay is locked. This is to prevent any accidental changes being made to them. If you create your timesheets from scratch, specify which cells the users can edit and lock the cells that contain ...
Mynda Treacy September 26, 2023 Excel Formulas Back in my accounting days I regularly prepared reports that summarized monthly data into quarters.Back then, we used the SUM function with Boolean (TRUE/FALSE) logic, which worked fine, but, there are better ways to do it now that we have ...
If error in Excel Starting from Excel 2007, we have a special function, namedIFERROR, to check formulas for errors. In Excel 2013 and higher, there is also theIFNAfunction to handle #N/A errors. And still, there may be some circumstances when using the IF function together withISERRORorIS...
Custom functions are formulas that you can create and use in your own worksheets. Like having your own powerful Excel power tools! VBA stands for “Visual Basic for Applications”. It’s able to help you automate your accounting tasks such as data entry, reconciliation, reporting, and analysis...
This function is useful in formulas where you need to calculate an age. DATEVALUE Date and time: Converts a date in the form of text to a serial number DAVERAGE Database: Returns the average of selected database entries DAY Date and time: Converts a serial number to a day of the...