Tuesday, March 2, 2021

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The LET function is the most powerful function that Microsoft has released for Excel in years. Here's an introduction to its features.
Array Formulas

How to Use Excel’s LET Function

Charley Kyd -
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In the summer of 2020, Microsoft introduced the LET function for Excel 365—one of the most-significant new worksheet functions that Microsoft has introduced in...
You can ratchet down errors in your Excel reports by using an Error Summary Table that uses conditional formatting to alert you to errors.

How to Set Up an Automatic Error-Checking System in Excel Reports

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

To use Account Groups in Excel formulas, you first must define the groups. Here’s how to do it using either simple lists or Dynamic Arrays.

How to Define General Ledger Account Groups in Excel

We compare Excel's five columnar lookup functions.

XLOOKUP vs VLOOKUP vs INDEX-MATCH vs SUMIFS

Featured Articles

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 & Services 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...
This Excel dashboard report lets you follow key economic trends while showing you how to gain a HUGE increase in your Excel productivity at work.

Track Key Economic Indicators Every Weekday with this Excel Dashboard

Training & Services Charley Kyd -
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You can update this Excel dashboard report every weekday—with one command—if you have Excel 2016 or above. This report of current economic data introduces you...
Excel databases can be Tables of data, Pivot Tables, or even lists that your reports and analyses can use easily. This introduction will get you started.

What the Heck is an Excel Database?

Business & Economics Charley Kyd -
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You can raise your Excel productivity significantly and slash your Excel errors—if you keep your data in an Excel database. Microsoft, Oracle, IBM, and others...

Blog

Blog

Add Low-Overwhelm Context to Your Line Charts

Charley Kyd -
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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...
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

Each fat line in this chart indicates when a recession has occured for the specified country. You can use the same method to show other Boolean conditions.

Chart Recessions and Other Boolean Conditions in Excel

This Excel table shows the top and bottom five results, with charts that show the most recent three month trends. And it updates automatically.

Show Top and Bottom Results in a Chart-Table

When you include several charts in one report, your managers must THINK about each chart to decide if it shows good news or bad. Here's a fix for that.

How to Remove a Speed Bump From Your Excel Charts

Business & Economics

Economic analysts use the Beveridge Curve to analyze the labor market through business cycles. You can use it to analyze how any two measures—internal or external—correspond over time.
Economic Indicators

Beveridge-Chart Trend Analysis with Excel

Charley Kyd -
0
Here's a great way to discover new insights in your company's data: Always watch for new methods of looking at data...even if you care nothing...
Do you spend hours each period turning raw data into useful information? You can fight such Spreadsheet Hell with help from three key Excel functions.

How to Fight Spreadsheet Hell with Three Excel Lookup Functions

Using Excel 2007 and above, you can create shaded areas in charts to specify areas of special interest. Here's how to do this using normal curves.

How to Create Normal Curves With Shaded Areas in Excel

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

How healthy is your company? Here's a mathematical method that can help you to predict whether a business is headed for bankruptcy…if it's still accurate.

Predict Business Bankruptcy Using Z Scores with Excel

Formulas & Functions

Now that you've calculated your cross correlations—that is, your time-shifted correlations—here's how to chart them professionally.
Analytical Charting

Find Leading Indicators Using Automated Cross Correlations in Excel, Part 2

Charley Kyd -
0
In Part 1 of this discussion about automated cross correlations, I explained how to set up  the cross-correlation Data Table shown below, in columns...
Does Excel's INDEX worksheet function work for you only some of the time? Here are ways to learn why your INDEX function isn't working as you expect.

How to Debug INDEX in Excel

How to Use Advanced Filters to Create Unique List of Items...

Excel offers two powerful worksheet functions that can return the data you need from any type of worksheet database. One is more powerful, but calculates slowly. The other is nearly as powerful, but much faster.

The Two Functions You MUST Know to Return Values from Excel...

We can't push around numbers all the time with Excel. Sometimes, we just need to goof off. So here are some examples of business cartoons I drew in Excel.

Use Excel’s Drawing Tools to Create Your Own Cartoons

Excel Methods

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.
Business Statistics

An Introduction to Excel’s Normal Distribution Functions

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...
When we import data into Excel, dates can arrive in formats that Excel wasn't designed to translate. Here are some ways to make sense of unusual dates.

How to Convert Unusual Date Text Imported to Excel

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

Overview of Excel’s Rounding Functions

Excel's FREQUENCY function was first created to calculate frequency distribution tables, which are needed for charting histograms. But the COUNTIFS function offers more power, and it's easier to use.

Use COUNTIFS, not FREQUENCY, to Calculate Frequency Distribution Tables for Charting...

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

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Popular

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...
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...
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