Friday, September 24, 2021

Recent Content

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

How I Set Up SEARCH and FIND Formulas on Steroids

Charley Kyd -
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I've used Excel long enough to recognize when I've stumbled across an unusual formula. And it happened again a few minutes ago. In the past,...
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

Excel's Quick Access Toolbar can save you many clicks and needless work. Here are the eight QAT tools that I use, and how I use them.

Eight Great Tools for Your Quick Access Toolbar

Update this Excel dashboard with 15 key US mortgage interest rates every business day, with one command. Each chart shows 71 days of rates.

Mortgage Rates Excel Dashboard

How to Set Up Multiple Conditional Formats with Formulas

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 -
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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

Blog

Add Low-Overwhelm Context to Your Line Charts

Charley Kyd -
0
The data you display in charts often takes on new meaning when you display it in the context of other data. One way to add...

Find Leading Indicators Using Automated Cross Correlations in Excel, Part 1

Benford's Law reveals an amazing characteristic of data. Not only does it help to identify fraud, it could help you to improve budgets and forecasts.

Use Benford’s Law & Charts in Excel to Improve Business Planning

With a little creativity in the design of your Excel charts, and in choosing its colors and fonts, you really can create professional-quality results.

Professional Quality Excel Chart Labels, Legends, and Colors

Your Return On Equity ratio is a key indicator of financial health. This report lets you show the components of that ratio in a unique Excel display.

Map Your Financial Health With an Excel DuPont Dashboard

Formulas & Functions

Business magazines and newspapers usually are an excellent place to find great ideas for Excel charts. But here's a Wall Street Journal chart figure that offers lessons about what NOT to do!
Charting Methods

Bad Chart! Bad, Bad Chart!

Charley Kyd -
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(Download my improved Excel version of the bad charts show below.) The Wall Street Journal usually publishes excellent charts. And Excel users usually can duplicate those professional-quality...
Do you need to update your Excel reports with daily, weekly, or monthly data? Here's a low-maintenance way to do it, using one type of Excel database.

How to Report Periodic Data from Excel Databases

When conditional formatting rules conflict, Excel can deliver unexpected formatting results. These two guidelines make Excel's logic clear.

How Excel Manages Conflicting Conditional Formats with Formulas

How to calculate and highlight the standard error of the estimate on each side of the trend in an Excel chart to make exceptional results stand out.

Highlight Normal Results in Line Charts to Make Exceptional Results Stand...

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

Excel Methods

Should You Raise Prices? Should You Lower Them? These Excel Charts Can Help You Answer Those Questions
Analytical Charting

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

Charley Kyd -
0
In the early 1980s I was the CFO of a company owned by a man whose first instinct was to cut prices. When business was...
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

You can use probability distributions to manage the uncertainty about your assumptions when you create simulations in Excel. Here's how.

How to Return Random Numbers from a Normal Distribution for Your...

In a list of items that could appear in a worksheet any number of times, here's how to count the number of items that appear only once. Or twice. And so on.

How to Count the Occurrences of Items in a List

Here's how to create an Excel array from two others, with the arrays stacked either one on top of the other, or side-by-side, like books on a shelf.

How to Stack and Shelve Dynamic Arrays

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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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