Tuesday, April 13, 2021
Which is faster: VLOOKUP? Or INDEX-MATCH? Here are the test results.

Excel’s Fastest Lookup Methods: The Tested Results

This article presents the results of my tests to find Excel’s fastest lookup method. I discussed the report workbook in A Volatile Workbook to Test Calculation...
Here's how to set up Future- and Present-Value formulas that allow compounding by using an interest rate and referencing cash flows and their dates.

Find Future and Present Values from Scheduled Cash Flows in Excel

"I would like a Future Value command similar to the XIRR and XNPV functions, which allow compounding by using an interest rate and referencing...
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 Analysis

(Note: I wrote this before Microsoft introduced Excel Tables or SUMIFS. This post is scheduled for an update.) Excel users often need to summarize data...
Here's how to use Excel to figure out whether you're making or losing money on the cash you borrow, why it matters, and what you can do about it.

Weighing Your Debt Load

(Originally published in Inc Magazine.) I've talked to any number of business owners over the years who felt buried under a mountain of debt. But...
Pivot Tables aren't merely a way to interact with your data. You also can use them as a rich source of data for standard reports and analyses. And you don't need to limit formulas to GETPIVOTDATA; you also can use SUMIFS, SUMPRODUCT, and all other Excel functions with pivots. Here's how.

How to Set Up a Pivot Table as an Excel-Friendly Database

You can use a Pivot Table as a database in the same way that you can use Excel Tables and other Excel-Friendly Databases (EFDs). In...
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 Excel

The Excel chart below shows the typical saw-tooth pattern of seasonal sales. Seasonal sales have about the same pattern every year, every week, or both. In...
Here's how select a value from a list of values from a worksheet's a Validation List. You can use the list to display interactive data in reports.

How to Select Values from a Validation List in Excel

Excel provides two ways to select a value from a list of values. I often use this feature in interactive Excel reports to select dates,...

How to Reproduce Your Excel Work Across Many Categories, Part 3 of 3

Part 1 of this series about analytical spawning with Excel described how Excel users often need to spawn one model or report across many related...
If you track Accounts Receivable the way most companies do—with Days Sales Outstanding in Receivables (DSO)—you probably know less about your receivables than you think. There's a better way, which also can improve your cash flow forecasts.

Use Excel to Fix Your Broken AR Measure of Days Sales Outstanding in Receivables

During tough economic times it's particularly important to manage your Accounts Receivable balance carefully. Unfortunately, the traditional way to measure AR performance is badly...
These example dashboards—prepared by an Excel-using employee—use charts and tables to show top-ten results for a medical device company.

Weekly & Monthly Top-Ten Activity Reports

When one of my readers, Chris Helfrecht, sent the two sample Excel dashboards below, he wrote that he tried to follow my methods for...

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

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

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

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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