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    Excel solutions for tasks performed in businesses. And Excel reports and analyses about economic issues.

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    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...
    Term loans can have a variety of repayment periods, interest rates, amortizing methods, and so on. Here's how to calculate amortization schedules for the two most common types of amortizing loans.

    How to Use Excel Formulas to Calculate a Term-Loan Amortization Schedule

    Business & Economics Charley Kyd -
    0
    "How do I calculate cumulative principal and interest for term loans? I have scoured the web for a function that will perform this task,...
    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

    Data Management Charley Kyd -
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    Excel offers three general ways to arrange data in your spreadsheet so you can use it as a database with your worksheet formulas: Simple...
    The Monte Carlo method allows you to forecast performance using probability distributions for your assumptions. And Data Tables provide a quick and easy way to implement the Monte Carlo method. Here's how to do it.

    How to Create Monte Carlo Models and Forecasts Using Excel Data Tables

    Business Statistics Charley Kyd -
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    (Download the workbook.) (This is the second of two articles about normal distributions. The first article is, How to Return Random Numbers from a Normal...
    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.

    Excel’s Five Annuity Functions

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

    Data Management Charley Kyd -
    0
    Sometimes, the best way to solve your Excel problem is to redesign your workbook. Ron G. brought this thought to mind with a recent question....
    Here's how to use a formula that returns TRUE or FALSE in Excel's conditional formatting feature to highlight rows that contain specific numbers or text.

    How to Use Conditional-Format Formulas to Change Background Colors

    Conditional Formatting Charley Kyd -
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    "I have an Excel table with a column that will be filled with 'yes' or 'no. When a user enters 'yes' to a cell,...
    Excel's dynamic range names give your formulas the power to adapt automatically in response to changes in your data or settings. Here's how to set them up.

    How to Create and Use Dynamic Range Names in Excel

    Downloads Charley Kyd -
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    (Download the example workbooks.) We Excel users often refer to ranges that need to move or expand in future versions of our reports. For example: ...
    This simple invoicing system allows you to keep a list of products and prices in Excel, then use VLOOKUP or INDEX-MATCH to populate an invoice with the item and quantity you choose.

    Use Excel’s INDEX-MATCH or VLOOKUP Functions to Populate Invoices and POs

    Business & Economics Charley Kyd -
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    A visitor asked how to set up a simple invoicing system in Excel. This is a common problem in many small businesses, divisions, and sales...
    The SUMIFS function returns a sum for nearly any number of single criteria. But with SUMPFODUCT you can return the sum for many criteria listed in a Criteria List.

    How to Use SUMIFS with Criteria Lists, Summarizing Sales

    Business & Economics Charley Kyd -
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    With one exception, SUMIFS is a very powerful function. And it's very fast. To understand the one exception, suppose you have a table of sales...
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    Latest Articles

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

    How to Use Excel’s LET Function

    Array Formulas Charley Kyd -
    0
    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

    Accounting & Finance Charley Kyd -
    0
    Decades ago, I worked as a cost accountant for a large company. But because our department received terrible reports, I wrote my own reports...using...
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