Introduction to SUMPRODUCT: In today’s post we will review some of the use of SUMPRODUCT function. The SUMPRODUCT function is amongst one of the favorites functions for Data Analysis – Particularly when you want to answer exploratory question like “how many”, “how frequent”, finding sum and averages against criteria’s. So we will start with a brief introduction of the … [Read more...]

## Creating Project Line (Gantt Chart) in MS Excel

Introduction: Though there many “dedicated” application available for project managers to manage their projects, like MS Project or Primavera Project Planner, we can also create a project time line in MS Excel! In today’s tutorial, we will be exploring the ways to create a project time line in excel, along with the terminology and some theoretical background of project … [Read more...]

## MS Excel Data Validation for Accountants

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...]

## 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...]