Friday, January 22, 2021

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We compare Excel's five columnar lookup functions.
Downloads

XLOOKUP vs VLOOKUP vs INDEX-MATCH vs SUMIFS

Charley Kyd -
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SUMIFS? Really? Why is SUMIFS included among those lookup methods? I'll explain in a few minutes. But first, let's look at the lookup methods shown in...
How to aggregate named groups of GL accounts.

How to Report GL Account Groups in Excel

If you want all your Excel reports, analyses, forecasts, and other Excel work to be highly productive, this is the only strategy that will work for you.

An Introduction to Excel Data Plumbing

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...

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

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...
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 -
0
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...

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

Analytical Charting Charley Kyd -
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It all seems so simple... To improve your forecasts of sales or other measures, you simply need to find leading indicators...measures that are highly correlated...

Blog

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...
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

The Internal Rate of Return calculation has very real problems, no matter where it's calculated. But with its MIRR function, Excel could offer a solution.
Analytical Methods

How Excel’s MIRR Function Can Fix the IRR Function

Charley Kyd -
0
The calculation of an Internal Rate of Return is very appealing...at first glance. When you know the IRR of a prospective investment, you seem to...
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

The extreme variability caused by seasonal sales makes it difficult to track and forecast your underlying sales trends. Here's how to solve that problem.

How to Create a Rolling Forecast of Seasonal Sales in...

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

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

Beginning in Excel 2016 in Office 365, your formulas can set gaps in your line and scatter charts. Here are two ways to use the feature in your reports.
Analytical Methods

Two Business Uses for Excel’s New Chart Feature

Charley Kyd -
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For decades, I've been whining about the need for Excel to have some way for our formulas to specify a gap in line and...
Excel offers at least three ways to set up data so your reports and analyses can use it easily as a reliable data source.

Introducing Excel’s Three Types of Spreadsheet Databases

Excel includes many outstanding features that you probably don't know even exist. Here's how to find those features and to use the ones you need.

How to Find and Use Excel’s Best Hidden Features

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.

How to Create Excel Traffic Lights with Charts and Text

Add Low-Overwhelm Context to Your Line Charts

Excel Methods

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.
Excel Methods

How to Debug INDEX in Excel

Charley Kyd -
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"I'm not a very experienced Excel user. Why does = INDEX(...) sometimes work and sometimes not.... :-)?" -- Suzan G. Probably the best way to...
Both IPMT and ISPMT return the interest payment for a given period for a loan or investment. But Microsoft's help topics haven't made their differences clear. Here's what you need to know about these two financial functions.

How to Create Even-Payment and Straight-Line Amortization Tables in Excel

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...

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

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.

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

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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 -
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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...
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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