Introduction: Data Validation is meant to ensure that user inputs correct type of information in the cell. The Data Validation can be achieved in the form of “Drop-down Lists” that make sure that user can only choose from a given set of values or using options like input being whole number, a decimal value, a date or something defined by a formula. The data validation menu … [Read more...]
Choosing between Vlookup and Index-Match formulas
Introduction INDEX()+MATCH() and VLOOKUP(), both have their proponents and opponents. Both of these formulas perform almost the same function. Both have pros and cons. In today’s tutorial we will try to compare their usage and that how they can be used to get most out of them, when we should drop one and use another. A comparison of syntax for the two formulas: Index-Match … [Read more...]
Understanding How to Create a Histogram with MS Excel
Introduction: The data analysts start their analysis by visual examination of the data. This is to see if there are any patterns present or if there is any (apparent) relationship between variables. The data such plotted produced graphs of various types - an Excel Histogram is just one of them. In today’s tutorial, we will learn a little but of theory about histogram, how … [Read more...]
Exploring Excel’s Internal Audit for Formulas
Introduction Formulas are very common element of a spreadsheet. Smaller sheets tend to have relatively small number of formulas where larger sheets may span over many worksheets. The formulas in such large sheets are not easy to understand. With Excel's Internal Audit for formulas, we have a convenient way to do internal audit for formulas and for a tool that can make audit … [Read more...]
5 Must-Have Excel Skills for Accountants
Accountants are part of every organization, and they are important because they manage the monetary aspects of the business. They must be able to work with different types of people and across various departments. Therefore, they must use various tools, one of which is MS Excel. In order to use it productively, they must have the necessary skills and know when to apply … [Read more...]