Monday, March 1, 2021

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

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...
In a list of items that could appear in a worksheet any number of times, here's how to count the number of items that appear only once. Or twice. And so on.

How to Count the Occurrences of Items in a List

"I have a list of repair orders (RO). I want to know how many one line repair orders there are in the list. So...
Here's how to add sources and uses of funds to your company's Balance Sheet in Excel to get a clearer picture of how the changes affect your cash flow.

Use this Excel ‘Cash Flow Balance Sheet’ to See Sources & Uses of Funds...

For most businesses, cash flow is more important than profits and losses. The reason is clear. A profitable company with negative cash flows may not...
The two Excel dashboard-like charts with May data show that consumer confidence has dropped like a rock since March. But Asia's data isn't available yet.

Dashboard-Like Excel Charts of International Consumer Confidence

The following Excel figure displays its charts in a dashboard-like format. At least, it's in a format that dashboards should use! When you use simple...
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

Adding shaded areas to normal curves like this is a challenging task in Excel charting. But once you know how, it's not difficult to...
Does your company need to make scheduled payments to companies that don't send invoices? This worksheet will help to plan those cash requirements.

Manage Periodic Payments with an Excel Cash Calendar

Most companies must write checks periodically to companies that don't send invoices. Often, their accounting systems provide little help in keeping track of these...
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

In Part 1 of this series, How to Report GL Account Groups in Excel, we explored the strategy for creating financial reports that use...
Benford's Law reveals an amazing characteristic of data. Not only does it help to identify fraud, it could help you to improve budgets and forecasts.

Use Benford’s Law & Charts in Excel to Improve Business Planning

Unless you're a public accountant, you probably haven't experimented with Benford's Law. Auditors sometimes use this fascinating statistical insight to uncover fraudulent accounting data. But it might reveal...
You can sort data with formulas in two ways. One way requires Excel 2019 and above. This article explains how to sort data in all versions of Excel.

How to Sort Data in Reports Automatically Using Excel Formulas

Many Excel reports include tables that show sorted results. Usually, these tables were sorted manually in Excel, using the Data, Sort command. However, reports...
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 Tables

“Export to Excel is the 3rd most common button in BI apps…after OK and Cancel.” —Rob Collie, one of the founding engineers behind PowerPivot at...

Latest Articles

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...
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

While using Excel 365 recently, I needed to create one dynamic array that would consist of two arrays, with one stacked on top of...
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