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How using "nested" conditional statements can simplify your spreadsheet reporting

📊 Keeping your Excel reports clean and elegant is essential for clear communication and professional presentation. Our latest article, Using Conditional Formatting to Keep Excel Reporting Clean & Elegant, provides practical tips and techniques to enhance your data visualization and reporting skills. Learn how to apply conditional formatting to highlight key information, improve readability, and make your reports stand out. 🔗 Explore the tips here - https://lnkd.in/eUX7J9Qp #ExcelTips #DataVisualization #ConditionalFormatting #ProfessionalReporting #GetREFM

How using "nested" conditional statements can simplify your spreadsheet reporting

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I use these Excel functions EVERY single day Credits to Josh Aharonoff, CPA, follow him for more content. ---- I use these Excel functions EVERY single day in my fractional CFO work 💼 While there are hundreds of Excel functions available, there are only a select few that I use almost every day...9 to be exact. 🎉 Join me LIVE in December at the Active Cell conference with countless Microsoft MVPs and world Class Financial Modelers 🏆 Grab 10% off on your ticket here 👉 https://lnkd.in/dGhDhYew 🎟️ Today, we're going to do a deep dive on these 9 functions, and how you can use them in your work too. 👇 ➡️ SUMIFS This one is my go-to, and is what it sounds like. It "SUMS" data in a range "IF" it meets a certain level of criteria. For example…I'll often times condense a profit & loss into a summarized profit and loss using SUMIFS. ➡️ INDEX MATCH The Dynamic Duo It in essence combines both the Index and the Match value, allowing you to have complete flexibility over your range with dynamic inputs. Many feel that XLOOKUP is superior, and I won't fight it - it's all a matter of personal preference! ➡️ XLOOKUP The beauty of Xlookup is it replaces the limitations you have with Vlookup and Hlookup (please, I'm begging you...stop using Vlookup)… allowing you to look up values in a 2 dimension table, both top to bottom↕️ and ↔️ left to right ➡️ COUNTIFS This one is not nearly used enough…it's extra useful when you're comparing 2 datasets. ➡️ IF The Logic Master The premise is extremely simple… IF my condition is TRUE, return this result. Otherwise (ie it's false), return this other value. ➡️ EOMONTH The Date Wizard Almost any financial report will show your dates going across this way ↔️ and your accounts going across this way ↕️ You can extend the dates by a month by using =EOMONTH(last period,1)… or by a quarter using =EOMONTH(last period,3)… or a year with =EOMONTH(last period,12) ➡️ UNIQUE The Duplicate Destroyer Duplicates can cause a headache 🤕 and while there are numerous ways to remove duplicates…UNIQUE is actually my favorite. ➡️ FILTER The Data Slicer OK, this one is a top favorite for me. With the FILTER function, you can set all sorts of conditions, and return a whole table based off of those conditions. Combine that with a SORT function to return your results in the order you need. ➡️ SUMPRODUCT The Hidden Champion. Most professionals simply don't realize its full potential. In fact…it's so powerful, that it replaces the need for each of these functions: XLOOKUP, SUMIFS, COUNTIFS, AVERAGEIFS, and can do things that these functions can't. And you can tap into this power once you start using it together with some of the other formulas I showed you today. But this is a topic for another time === Which one is your favorite? And which would you add? Let me know in the comments below 👇 ---- Follow our page Excel for CFOs to learn more about Excel in Finance & Accounting.

Excel is key for financial modeling, yet few users know the best practices for effective spreadsheets. Join our session to discover techniques that boost both efficiency and accuracy in your Excel models. Enhance your skills now. Register today https://bit.ly/3zsvHwa

Proud to showcase my latest project: A Comprehensive Monthly Budget Tracker built in Excel! 💼📊 This project highlights my ability to manage financial data, implement Excel functions for automation, and create visual insights through charts and graphs. It offers a clear overview of: Total income and expense tracking Category-based expense breakdown Automated calculations for real-time budget balance 🔑 Key Features: Automated income and expense tracking with Excel formulas. Visual representation of spending through pie and bar charts. Conditional formatting for easy identification of high expenses. A professional and clean interface that makes financial management simple and intuitive. 💡 This project is a great demonstration of my Excel skills and my ability to create useful, real-world solutions. Take a look at the screenshots and let me know your feedback! Thank you Codebasics! #Excel #DataAnalysis #Budgeting #Finance #SpreadsheetSkills #Visualization #daroadmap24

Unlock the Power of Pivot Tables for Financial Reporting! 💡📊 Struggling with manual financial statements? Discover how you can effortlessly prepare Profit and Loss Statements and Balance Sheets using Excel's pivot tables. Save time, reduce errors, and gain clearer insights into your financial data. Here's a quick guide: Gather & Organize Your Data: Ensure your transactions (income, expenses, assets, liabilities, equity) are in a clean, tabular format. Create a P&L Statement: Insert a pivot table. Set up rows (Account) and values (Amount). Filter for Income and Expenses. Add a calculated field for Net Profit. Prepare a Balance Sheet: Insert another pivot table. Set up rows (Account) and values (Amount). Filter for Assets, Liabilities, and Equity. Organize by type for clarity. Why Use Pivot Tables? Efficiency: Save hours on manual calculations. Accuracy: Minimize errors in your financial reports. Flexibility: Easily update and adjust your data as needed. Start leveraging pivot tables today and transform your financial reporting process! 👉 [ https://lnkd.in/dwWFV8sc] #Finance #ExcelTips #PivotTables #FinancialReporting #Accounting #Productivity #BusinessGrowth #DataAnalysis #ProfitAndLoss #BalanceSheet

🚀 Master Financial Modeling in Excel: 10 Must-Know Functions! 📊 👨🏫 Step-by-Step Guide: 1. SUMIFS: 📈 Use: Add all arguments meeting multiple criteria. 💡 Formula: =SUMIFS(sum range, criteria range 1, criteria 1, criteria range 2, criteria 2) 2. IFERROR: 🚫 Use: Format models by checking for errors. 💡 Formula: =IFERROR(value, value_if_error) 3. XIRR: 💵 Use: Calculate annual growth rate of an investment. 💡 Formula: =XIRR(cash flow values, dates of cash flows) 4. XNPV: 📅 Use: Find value of investments in today's terms. 💡 Formula: =XNPV(discount rate, cash flow values, dates of cash flow) 5. PMT: 🏦 Use: Calculate loan payment based on constant interest rate. 💡 Formula: =PMT(interest rate, number of periods, present value) 6. SLOPE: 📈 Use: Calculate Beta of a stock (volatility). 💡 Formula: =SLOPE(% of equity change range, % range of change of index) 7. XLOOKUP: 🔍 Use: Find data quickly in a table. 💡 Formula: =XLOOKUP(what do you want to look up, where can it be found, what do you want to return) 8. INDEX & MATCH: 🗂️ Use: Lookup values in the whole table (2D lookup). 💡 Formula: =INDEX(what you want to return, MATCH(what are you looking for, where can it be found)) 9. EOMONTH: 🗓️ Use: Find the last day of the month after adding specific months. 💡 Formula: =EOMONTH(start_date, months you want to add/subtract) 10. SEQUENCE: 🔢 Use: Generate a list of sequential numbers. 💡 Formula: =SEQUENCE(number of rows, number of columns, starting point, step) 🌟 Master these functions to take your financial modeling skills to the next level! 🌟 Follow for more Gopal Thummar #Excel #FinancialModeling #ExcelTips #DataAnalysis #Finance #Productivity #Learning #ExcelTips #Excel #Corporate #Accounting

🌟 Mastering Excel-based Financial Modeling: REFM's 7 Cardinal Rules 🌟 Excel is an indispensable tool in financial modeling, especially in real estate. To ensure accuracy and efficiency, REFM highlights 7 essential rules: 1. Garbage In, Garbage Out: Ensure assumptions are current and backed by data. 2. Annotate with Comments: Keep track of changes with comments. 3. Use Keyboard Shortcuts: Enhance speed and productivity. 4. Save Multiple Copies: Protect against data loss. 5. One Formula per Row: Simplify model management. 6. Sanity Check Outputs: Validate results for accuracy. 7. Pay Now or Pay Later: Address tasks promptly to avoid future stress. Explore these tips and refine your modeling skills! For more insights, visit REFM’s 7 Cardinal Rules. #FinancialModeling #RealEstate #ExcelTips #REFM