Monday, January 1, 2024

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Growing too fast can be dangerous to your company's health. Use the Sustainable Growth Rate ratio to track your company's financial ability to grow.
Accounting & Finance

How Fast Is Too Fast?

Charley Kyd -
0
(Originally published in Inc Magazine.) What typically tops the list of worries of the chief executive officers of fast growing companies? Financing that growth, according...

How to Smooth Data by Using the TREND Function

Two economists have introduced a new leading indicator, which predicts a recession soon. These Excel charts illustrate their insight. If they're correct, Excel users will be very busy in the months ahead.

Consumer Sentiment Suggests a 2022 Recession

Your data can contain many important, hidden patterns. But simple transformations in Excel can help to reveal them—as this example illustrates.

Simple Transformations Can Reveal Hidden Patterns in Your Data

As inflation rises, so do mortgage interest rates—causing house prices to fall. Here's how Excel's PV function can help you estimate what you new house price will be.

Here’s How Inflation Could Affect the Value of Your Home

Featured Articles

Your data can contain many important, hidden patterns. But simple transformations in Excel can help to reveal them—as this example illustrates.

Simple Transformations Can Reveal Hidden Patterns in Your Data

Analytical Methods Charley Kyd -
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Excel users have at least two significant advantages over business professionals who rely on other analytical and reporting tools. First advantage: We Excel users can...
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...

Blog

Growing too fast can be dangerous to your company's health. Use the Sustainable Growth Rate ratio to track your company's financial ability to grow.
Accounting & Finance

How Fast Is Too Fast?

Charley Kyd -
0
(Originally published in Inc Magazine.) What typically tops the list of worries of the chief executive officers of fast growing companies? Financing that growth, according...
As inflation rises, so do mortgage interest rates—causing house prices to fall. Here's how Excel's PV function can help you estimate what you new house price will be.

Here’s How Inflation Could Affect the Value of Your Home

A shortage of truckers is one cause of the supply chain crisis in the US. This Excel chart suggests that the problem won't end soon.

An Excel Chart of a Major U.S. Supply Chain Problem

A Lesson in Excel Analysis Learned from Rising US Inflation

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

Business & Economics

In one SUMPRODUCT formula, you can summarize any number of specific accounts in a list. This makes it easy to summarize financial data from an accounting trial balance.
Aggregation Functions

How to Create Summarized Financial Statements with SUMIFS Criteria Lists

Charley Kyd -
0
In How to Use SUMIFS with Criteria Lists, Summarizing Sales, I explained how to use the SUMPRODUCT function with SUMIFS to return the sum of...
Excel offers several ways to summarize data quickly and easily. Here are the most powerful and flexible approaches, which include using Excel array formulas.

The Most Powerful Ways to Summarize Excel Data for Reporting and...

If you're charting only your raw business data, you're missing many opportunities to give your readers useful business insight. Here are three simple tricks that will help you to turn your ordinary charts into analytical ones with much greater insight.

Three Simple Tricks to Improve Analytical Charting in Excel

Excel can be the key component of a powerful and inexpensive Business Intelligence (BI) system. Here are some ideas to get you started.

Excel Is Great for Business Intelligence!

How to Smooth Monthly Trends with Centered Moving Averages

Formulas & Functions

You can use Slicers rather than Validation Lists to control any settings in your interactive workbooks. You're not limited to controlling only Tables and Pivot Tables. Here's how to do it.
Charting Methods

Interactive Dashboard Magic with Excel Slicers

Charley Kyd -
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The figure below illustrates an Excel magic trick I created for an Excel Dashboard, using in Excel 2016. The key trick is the method I...
Here's how to use formulas and conditional formatting to expand or contract your Excel report automatically, without macros, when you change a cell value.

Create Variable-Length, Dynamic Reports Linked to Excel Tables

This Excel map relies on conditional formatting to highlight areas of interest.

How to Set Up a Square-Format U.S. Map in Excel

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

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

Excel Methods

Most loans and many investments are annuities, which are payments made at fixed intervals over time. Here's how to use Excel to calculate any of the five key unknowns for any annuity.
Financial Functions

Excel’s Five Annuity Functions

Charley Kyd -
0
“Help!” the message said. “I know the payment, interest rate, and current balance of a loan, and I need to calculate the number of...
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...

How to Smooth Monthly Trends with Centered Moving Averages

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

A limited number of Excel worksheet functions can use wildcard characters to filter results. Here a guide to using them.

Guide to 20 Worksheet Functions that Use Wildcards

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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 -
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(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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