Saturday, October 16, 2021

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To reduce errors in reports, you should foot and cross-foot them. But Excel's floating-point arithmetic gets in the way. Here's how to fix the problem with a standard deviation calculation.
Error Reduction

How to Foot and Cross-Foot Excel Reports in a Floating-Point World

Charley Kyd -
0
At first glance, the following report is an ordinary one. It merely sums an Excel Table by Product and Region, and then foots and...

Excel’s XLOOKUP Function Explained

Excel’s VLOOKUP Function Explained

Two unusual formulas can use the SEARCH or FIND functions to search any number of cells for any number of words—almost instantly.

How I Set Up SEARCH and FIND Formulas on Steroids

Use this unique Excel dashboard to track the general rate of inflation, your personal rate, and the rate of the goods and services you buy.

Inflation Tracker Excel Dashboard with Consumer Prices

Featured Articles

Use this unique Excel dashboard to track the general rate of inflation, your personal rate, and the rate of the goods and services you buy.

Inflation Tracker Excel Dashboard with Consumer Prices

Business & Economics Charley Kyd -
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U.S. President John F. Kennedy once said of a growing economy, "A rising tide lifts all boats." However, a rising inflationary tide does not lift...
Using Excel's LET, SORTBY, and SEQUENCE functions, and dynamic arrays, you easily can list any number of top and bottom results from a Table.

How to Report Top and Bottom Results Using Dynamic Arrays in Excel

Array Formulas Charley Kyd -
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In How to Use Excel’s LET Function, I showed several examples of a powerful function that Microsoft added to Excel 365 in the summer...
How to aggregate named groups of GL accounts.

How to Report GL Account Groups in Excel

Accounting & Finance Charley Kyd -
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Believe it or not, this income statement is quite sophisticated. It's not nearly as simple-minded as it looks. In fact, this income statement illustrates a...
In Excel, you can report named groups of GL account numbers, product codes, and so on—just as you report one such number. Here’s how.

How to Use Array Formulas to Report Groups of Accounts

Accounting & Finance Charley Kyd -
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Often, in accounting, marketing, and other departments, we'd like to report and analyze groups of items rather than one item at a time. In Part...
Use this Excel dashboard to track 27 economic indicators of the United States' recovery from the Covid-19 recession.

Learn How to Use Excel to Track the US Recovery from the Covid Recession

Training & Solutions Charley Kyd -
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The Covid recession is the worst recession the world has experienced since the Great Depression. And the Recovery Tracker workbook and Excel training can...

Blog

Analytical Methods

A Lesson in Excel Analysis Learned from Rising US Inflation

Charley Kyd -
0
Looking at the trends in the annual rate of change (ROC) of business and economic measures is an excellent way to reveal hidden information...
Here's how you can split delimited text into an array with a short Excel formula, and then wrap the formula with the INDEX function to return any value from the array.

How to Split and Index Delimited Text with Excel Formulas

Berkshire Hathaway is raising prices, and their costs are increasing. Inflation is on the rise. These Excel charts illustrate the the problem.

Warren Buffett, Inflation, and Excel

Add Low-Overwhelm Context to Your Line Charts

When you're refinancing, this chart allows you to use the tip of your finger trade off your monthly payments and your total payments as you consider the term of your loan.

Calculate Mortgage Payments and Your ROA with an Excel CalcPlot Chart

Business & Economics

Pivot Tables aren't merely a way to interact with your data. You also can use them as a rich source of data for standard reports and analyses. And you don't need to limit formulas to GETPIVOTDATA; you also can use SUMIFS, SUMPRODUCT, and all other Excel functions with pivots. Here's how.
Business & Economics

How to Set Up a Pivot Table as an Excel-Friendly Database

Charley Kyd -
0
You can use a Pivot Table as a database in the same way that you can use Excel Tables and other Excel-Friendly Databases (EFDs). In...

The First Excel Dashboard Report

Bullet graphs show the same information that dashboard gauges do, but they're smaller and easier to read. Here's how to create your own bullet graphs in Excel.

How to Create Bullet Graphs to Replace Gauges in Excel

Here's how to use Excel to figure out whether you're making or losing money on the cash you borrow, why it matters, and what you can do about it.

Weighing Your Debt Load

To improve forecasting, you can use Excel charts to track how quickly new products, stores, sales people, and so on ramp up their performance compared with similar launches in the past.

Use Common-Age Excel Charts to Compare and Forecast Performance for the...

Formulas & Functions

Here's one way to highlight exceptional performance in your Excel management reports. You just need an Excel chart, its CHOOSE function, and linked pictures.
Charting Methods

How to Create Excel Traffic Lights with Charts and Text

Charley Kyd -
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"Traffic lights" are a common feature offered by software designed for management reporting and analysis. Traffic lights provide at least two benefits. First, they alert...
Should You Raise Prices? Should You Lower Them? These Excel Charts Can Help You Answer Those Questions

Should You Raise Prices? Should You Lower Them? These Excel Charts...

Excel provides several worksheet functions for working with normal distributions or 'bell-shaped curves.' This introduction to Excel's Normal Distribution functions offers help for the statistically challenged.

An Introduction to Excel’s Normal Distribution Functions

You can uncover hidden trends by charting the ratio of each month's performance to the same month one year earlier.

Introducing the Power of Year-Over-Year Performance Charts in Excel

All Excel reports perform at least four tasks. Good reports assign these tasks to four sections, with specific worksheets defining each section.

How to Structure Your Report Workbook

Excel Methods

I used the FILTER function to give me IFS-like power for PERCENTILE.INC. But then I realized the same pattern brings IFS-like power to many functions—including MEDIAN, STDEV.S, GEOMEAN, and perhaps even the FORECAST functions!
Aggregation Functions

Using the Hidden Power of Excel’s FILTER Function

Charley Kyd -
0
When you take the time to explore a new worksheet function, it's amazing what you can discover! And I won't tell you about the really...
To reduce errors in reports, you should foot and cross-foot them. But Excel's floating-point arithmetic gets in the way. Here's how to fix the problem with a standard deviation calculation.

How to Foot and Cross-Foot Excel Reports in a Floating-Point World

These tables summarize the performance of Excel's 15 worksheet functions use different methods to round data.

Overview of Excel’s Rounding Functions

It should have been a simple Excel formula. But it became a two-part puzzle needing arrays, ASCII, and text concatenation to answer.

A Two-Part Excel Puzzle, with Arrays, Text, ASCII, and Concatenation

SUMPRODUCT is one of Excel's most-powerful function for summarizing data. It offers much of the power of array formulas, but without the complications.

How to Use SUMPRODUCT in Excel to Summarize Worksheet Data

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Popular

When you bring data from another source into an Excel worksheet, the data often includes rows that you’ll want to delete. Here's the first of two methods.

How to Delete Blank or Unneeded Rows, Method 1

Worksheet Interaction Charley Kyd -
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When you bring data from another source into an Excel worksheet, the data often includes rows that you’ll want to delete. Often, you’ll want...
When you want to look up data in Excel, you should never use a worksheet function with "lookup" in its name. Here's why...

Why INDEX-MATCH Is Far Better Than VLOOKUP or HLOOKUP in Excel

Downloads Charley Kyd -
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(Download the workbook.) Excel’s VLOOKUP function is more popular than the INDEX-MATCH function combination, probably because when Excel users need to look up data then a "lookup" function...
Excel provides several worksheet functions for working with normal distributions or 'bell-shaped curves.' This introduction to Excel's Normal Distribution functions offers help for the statistically challenged.

An Introduction to Excel’s Normal Distribution Functions

Business Statistics Charley Kyd -
0
(Download the workbook.) When a visitor asked me how to generate a random number from a Normal distribution she set me to thinking about doing statistics...
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