50 essential Excel formulas

SUM: =SUM(A1:A5)
AVERAGE: =AVERAGE(A1:A10)
VLOOKUP: =VLOOKUP(B1, A2:D10, 3, FALSE)
IF: =IF(A1 > 10, "Yes", "No")
CONCATENATE (or CONCAT): =CONCATENATE(A1, " ", B1)
COUNT: =COUNT(A1:A10)
MAX: =MAX(A1:A10)
MIN: =MIN(A1:A10)
ROUND: =ROUND(A1, 2)
TRIM: =TRIM(A1)
LOWER: =LOWER(A1)
UPPER: =UPPER(A1)
LEFT: =LEFT(A1, 5)
RIGHT: =RIGHT(A1, 5)
MID: =MID(A1, 2, 3)
LEN: =LEN(A1)
FIND: =FIND("search_text", A1)
REPLACE: =REPLACE(A1, 3, 2, "new_text")
SUBSTITUTE: =SUBSTITUTE(A1, "old_text", "new_text")
INDEX: =INDEX(A1:A10, 3)
MATCH: =MATCH(B1, A1:A10, 0)
OFFSET: =OFFSET(A1, 1, 2)
SUMIF: =SUMIF(A1:A10, ">5")
COUNTIF: =COUNTIF(A1:A10, "apple")
AVERAGEIF: =AVERAGEIF(A1:A10, "<>0")
SUMIFS: =SUMIFS(A1:A10, B1:B10, "apple", C1:C10, ">5")
COUNTIFS: =COUNTIFS(A1:A10, ">5", B1:B10, "apple")
AVERAGEIFS: =AVERAGEIFS(A1:A10, B1:B10, "apple", C1:C10, ">5")
IFERROR: =IFERROR(A1/B1, "Error")
AND: =AND(A1>5, A1<10)
OR: =OR(A1="apple", A1="banana")
NOT: =NOT(A1="apple")
DATE: =DATE(2022, 12, 31)
TODAY: =TODAY()
NOW: =NOW()
DATEDIF: =DATEDIF(A1, A2, "D")
YEAR: =YEAR(A1)
MONTH: =MONTH(A1)
DAY: =DAY(A1)
EOMONTH: =EOMONTH(A1, 3)
NETWORKDAYS: =NETWORKDAYS(A1, A2)
WEEKDAY: =WEEKDAY(A1)
HLOOKUP: =HLOOKUP(B1, A1:D10, 3, FALSE)
MATCH: =MATCH(B1, A1:A10, 0)
INDEX-MATCH: =INDEX(A1:A10, MATCH(B1, C1:C10, 0))
TRANSPOSE: =TRANSPOSE(A1:D10)
PIVOT TABLE: =PIVOT_TABLE(A1:D10, "Sales", "Region", "Sum")
RANK: =RANK(A1, A1:A10, 1)
RAND: =RAND()
CHOOSE: =CHOOSE(B1, "Option 1", "Option 2", "Option 3")

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Excel Formulas for Accountants ✅

Top Excel Formulas Every Data Analyst Should Know

SUM():

Purpose: Adds up a range of numbers.

Example: =SUM(A1:A10)


AVERAGE():

Purpose: Calculates the average of a range of numbers.

Example: =AVERAGE(B1:B10)


COUNT():

Purpose: Counts the number of cells containing numbers.

Example: =COUNT(C1:C10)


IF():

Purpose: Returns one value if a condition is true, and another if false.

Example: =IF(A1 > 10, "Yes", "No")


VLOOKUP():

Purpose: Searches for a value in the first column and returns a value in the same row from another column.

Example: =VLOOKUP(D1, A1:B10, 2, FALSE)


HLOOKUP():

Purpose: Searches for a value in the first row and returns a value in the same column from another row.

Example: =HLOOKUP("Sales", A1:F5, 3, FALSE)


INDEX():

Purpose: Returns the value of a cell based on row and column numbers.

Example: =INDEX(A1:C10, 2, 3)


MATCH():

Purpose: Searches for a value and returns its position in a range.

Example: =MATCH("Product B", A1:A10, 0)


CONCATENATE() or CONCAT():

Purpose: Joins multiple text strings into one.

Example: =CONCATENATE(A1, " ", B1)


TEXT():

Purpose: Formats numbers or dates as text.

Example: =TEXT(A1, "dd/mm/yyyy")

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Essential Excel Functions for Data Analysts 🚀

1️⃣ Basic Functions

SUM() – Adds a range of numbers. =SUM(A1:A10)

AVERAGE() – Calculates the average. =AVERAGE(A1:A10)

MIN() / MAX() – Finds the smallest/largest value. =MIN(A1:A10)


2️⃣ Logical Functions

IF() – Conditional logic. =IF(A1>50, "Pass", "Fail")

IFS() – Multiple conditions. =IFS(A1>90, "A", A1>80, "B", TRUE, "C")

AND() / OR() – Checks multiple conditions. =AND(A1>50, B1<100)


3️⃣ Text Functions

LEFT() / RIGHT() / MID() – Extract text from a string.

=LEFT(A1, 3) (First 3 characters)

=MID(A1, 3, 2) (2 characters from the 3rd position)


LEN() – Counts characters. =LEN(A1)

TRIM() – Removes extra spaces. =TRIM(A1)

UPPER() / LOWER() / PROPER() – Changes text case.


4️⃣ Lookup Functions

VLOOKUP() – Searches for a value in a column.

=VLOOKUP(1001, A2:B10, 2, FALSE)


HLOOKUP() – Searches in a row.

XLOOKUP() – Advanced lookup replacing VLOOKUP.

=XLOOKUP(1001, A2:A10, B2:B10, "Not Found")



5️⃣ Date & Time Functions

TODAY() – Returns the current date.

NOW() – Returns the current date and time.

YEAR(), MONTH(), DAY() – Extracts parts of a date.

DATEDIF() – Calculates the difference between two dates.


6️⃣ Data Cleaning Functions

REMOVE DUPLICATES – Found in the "Data" tab.

CLEAN() – Removes non-printable characters.

SUBSTITUTE() – Replaces text within a string.

=SUBSTITUTE(A1, "old", "new")



7️⃣ Advanced Functions

INDEX() & MATCH() – More flexible alternative to VLOOKUP.

TEXTJOIN() – Joins text with a delimiter.

UNIQUE() – Returns unique values from a range.

FILTER() – Filters data dynamically.

=FILTER(A2:B10, B2:B10>50)



8️⃣ Pivot Tables & Power Query

PIVOT TABLES – Summarizes data dynamically.

GETPIVOTDATA() – Extracts data from a Pivot Table.

POWER QUERY – Automates data cleaning & transformation.


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#dataanalytics

📊 Excel Hack of the Week

Did you know you can use Flash Fill in Excel to automatically clean and format data without writing formulas?

📝 How to Use Flash Fill?

1️⃣ Type the first correct value manually in the adjacent column.
2️⃣ Press Ctrl + E (or go to Data > Flash Fill).
3️⃣ Excel will recognize the pattern and fill in the rest automatically!

🔍 Example:
✅ Extract first names from "John Doe" → Type "John" → Press Ctrl + E → Done!
✅ Format phone numbers from "1234567890" to "(123) 456-7890" in seconds!
✅ Convert dates from "01-02-2024" to "February 1, 2024" instantly!

📌 Bonus: Try using Flash Fill for splitting names, fixing email formats, or even extracting numbers from text.

You can join @excel_data for free Excel Resources.

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For data analysts, mastering these top 10 Excel concepts is crucial:

1. Formulas and Functions: Understand basic to advanced functions like SUM, AVERAGE, VLOOKUP, INDEX-MATCH, and IF statements.

2. PivotTables: Learn to summarize, analyze, and visualize data efficiently using PivotTables.

3. Data Cleaning and Formatting: Familiarize yourself with tools and techniques for cleaning and formatting messy data, such as text-to-columns, remove duplicates, and conditional formatting.

4. Charts and Graphs: Explore various chart types (e.g., bar, line, scatter) and understand when to use each for effective data visualization.

5. Data Validation: Implement data validation rules to ensure data integrity and accuracy, such as drop-down lists and input restrictions.

6. Data Analysis Tools: Utilize Excel's built-in data analysis tools like Goal Seek, Solver, and Data Tables for scenario analysis and optimization.

7. Conditional Formatting: Apply formatting based on specific conditions to highlight trends, outliers, or anomalies in data.

8. Named Ranges: Organize data efficiently by assigning meaningful names to ranges, making formulas more readable and easier to manage.

9. Data Tables and What-If Analysis: Use data tables to perform sensitivity analysis and scenario modeling for decision-making.

10. Power Query and Power Pivot: Explore advanced data manipulation and analysis capabilities using Excel's Power Query for data extraction, transformation, and loading (ETL) and Power Pivot for data modeling and analysis.

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🗂The order of operations used in MS Excel while evaluating formulas

MS Excel follows a standard math protocol to evaluate a formula.

This protocol is called “order of operations” – PEMDAS –

~Parentheses
~Exponents
~Multiplication
~Division
~Addition
~Subtraction

MS Excel also applies some customization to handle the formula syntax.

The order in which MS Excel performs calculations can affect the return value of the formula.

First of all, Excel evaluates any expressions in parentheses.

As we have seen in mathematical formulae too, parentheses essentially override the normal order of operations. It prioritizes certain operations.

Next, Excel resolves cell references like A1 (cell address). It evaluates range references like A1:A10, making them arrays of values.

It also performs range operations like a union (comma) and an intersection (space).

Next, Excel performs –

-Exponentiation
-Negation
-% conversions
-Multiplication and division
-Addition and subtraction
-Concatenation
-Logical operators

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There are a lot of amazing people out there looking for that one opportunity. Every application you send, every new connection you make, and all those late nights spent refining your portfolio or building professional relationships are steps toward landing the right job. It can be really exhausting, but every bit of effort gets you closer to your goal.

The process can be filled with doubts and uncertainties, but having a structured approach and setting daily goals can help manage it. Joining professional groups, attending webinars, and seeking mentorship are also great ways to gain insights and stay motivated.

In the end, all the time and energy you invest—whether it’s perfecting a project, learning a new tool, or reaching out to potential mentors—pays off. So, if you’re looking for a job, keep learning, applying, and networking.

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Step 1: Build a Portfolio
Create a portfolio showcasing your best Excel work. Include a variety of projects that highlight your skills and expertise. If you're just starting, consider creating sample projects or offering your services at a reduced rate to friends or non-profits to build your portfolio.


Step 2: Set Up Profiles on Freelance Platforms
Register on freelance platforms like Upwork, Freelancer, Fiverr, and LinkedIn. Create detailed profiles emphasizing your Excel skills, experience, and the services you offer. Use a professional profile picture and a compelling bio.

Step 3: Networking
Join Excel and freelancing forums, LinkedIn groups, and other online communities. Engage with the community by answering questions, sharing insights, and offering helpful advice. Networking can lead to referrals and direct client opportunities.

Step 4: Direct Outreach
Identify potential clients or businesses that might benefit from your services. Craft personalized outreach emails explaining how your Excel skills can solve their problems or improve their operations. Focus on the value you can bring to their business.

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As you complete projects, ask your clients for testimonials. Positive reviews and ratings on your freelance platform profiles can significantly boost your credibility and attract more clients.

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Share your Excel knowledge through blogs, tutorials, or videos. This can position you as an expert in your field and attract clients looking for your specific skills.

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If you have a personal website or blog, optimize it for search engines using relevant keywords related to Excel services. This can help potential clients find you through Google searches.

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Instead of offering generic Excel services, create packages tailored to specific needs, such as "Excel Financial Models for Startups" or "Data Analysis and Visualization for Marketing Teams". This makes your offering clearer and more attractive to potential clients.

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Hey guys,

Today, I’m covering some Excel interview questions that often pop up in data analyst roles 👇👇

1. What are the most common functions used in Excel for data analysis?

- SUM(): Adds up values in a range.
- AVERAGE(): Finds the mean of a range of numbers.
- VLOOKUP() / XLOOKUP(): Searches for a value in a table and returns a related value.
- INDEX-MATCH: A more flexible alternative to VLOOKUP, allowing lookups in any direction.
- IF(): Performs logical tests and returns one value if TRUE, another if FALSE.
- COUNTIF(): Counts the number of cells that meet a specific condition.
- PivotTables: For summarizing, analyzing, and exploring large datasets.

2. What is the difference between VLOOKUP and XLOOKUP?

- VLOOKUP is an older function used to find data in a vertical column and return a value from another column to the right.

Example:

  =VLOOKUP("A2", B2:D10, 3, FALSE)
  

- XLOOKUP is more powerful, offering the flexibility to search both vertically and horizontally, and it doesn’t require the lookup value to be in the first column.

Example:

  =XLOOKUP(A2, B2:B10, C2:C10)
  

Tip: Explain the limitations of VLOOKUP (like not being able to search left or needing sorted data for approximate matches) and how XLOOKUP overcomes them.

3. How do you create a PivotTable in Excel, and why is it useful?

A PivotTable allows you to summarize large amounts of data quickly. Here’s how to create one:

1. Select your data.
2. Go to the Insert tab and click on PivotTable.
3. Choose where to place the PivotTable.
4. Drag and drop fields into the Rows, Columns, Values, and Filters sections.

4. What is conditional formatting, and how do you use it?

Conditional formatting is used to change the appearance of cells based on their content. It helps highlight trends, patterns, and outliers.

For example, to highlight cells greater than 1000:
1. Select the range of cells.
2. Go to the Home tab, click on Conditional Formatting.
3. Choose Highlight Cell Rules > Greater Than and enter 1000.
4. Choose a format (e.g., cell color) to apply.

5. How do you handle large datasets in Excel without slowing it down?

Here are some strategies to improve efficiency:

- Turn off automatic calculations: Use manual recalculation to prevent Excel from recalculating formulas every time you make a change.

  File > Options > Formulas > Calculation Options > Manual
  

- Use fewer volatile functions: Functions like NOW(), TODAY(), and INDIRECT() recalculate every time a change is made.

- Use tables instead of ranges: Structured references in tables are more efficient.

- Split large datasets: If feasible, split your data across multiple sheets or workbooks.

- Remove unnecessary formatting: Too much formatting can bloat file size and slow down processing.

6. How do you use Excel for data cleaning?

Data cleaning is one of the first and most important steps in data analysis, and Excel provides multiple ways to do this:

- Remove duplicates: Easily eliminate duplicate entries.

- Text to Columns: Split data in one column into multiple columns (e.g., splitting full names into first and last names).

- TRIM(): Remove extra spaces from text.

- FIND() and SUBSTITUTE(): For locating and replacing specific characters or substrings.

7. What are some advanced Excel functions you’ve used for data analysis?

Aside from the basics, some advanced Excel functions you might mention include:

- ARRAYFORMULA(): Allows multiple calculations to be performed at once.
- OFFSET(): Returns a range that is offset from a starting point.
- FORECAST(): Predicts future values based on historical data.
- POWER QUERY: For data extraction, transformation, and loading (ETL) tasks.

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🗂Time Saving Keyboard Shortcuts

-Practice using keyboard shortcuts
-saves time
-works better than to navigate looking for options

Complete Excel Topics for Data Analysts 😄👇

MS Excel Free Resources
-> https://t.iss.one/excel_data

1. Introduction to Excel:
- Basic spreadsheet navigation
- Understanding cells, rows, and columns

2. Data Entry and Formatting:
- Entering and formatting data
- Cell styles and formatting options

3. Formulas and Functions:
- Basic arithmetic functions
- SUM, AVERAGE, COUNT functions

4. Data Cleaning and Validation:
- Removing duplicates
- Data validation techniques

5. Sorting and Filtering:
- Sorting data
- Using filters for data analysis

6. Charts and Graphs:
- Creating basic charts (bar, line, pie)
- Customizing and formatting charts

7. PivotTables and PivotCharts:
- Creating PivotTables
- Analyzing data with PivotCharts

8. Advanced Formulas:
- VLOOKUP, HLOOKUP, INDEX-MATCH
- IF statements for conditional logic

9. Data Analysis with What-If Analysis:
- Goal Seek
- Scenario Manager and Data Tables

10. Advanced Charting Techniques:
- Combination charts
- Dynamic charts with named ranges

11. Power Query:
- Importing and transforming data with Power Query

12. Data Visualization with Power BI:
- Connecting Excel to Power BI
- Creating interactive dashboards

13. Macros and Automation:
- Recording and running macros
- Automation with VBA (Visual Basic for Applications)

14. Advanced Data Analysis:
- Regression analysis
- Data forecasting with Excel

15. Collaboration and Sharing:
- Excel sharing options
- Collaborative editing and comments

16. Excel Shortcuts and Productivity Tips:
- Time-saving keyboard shortcuts
- Productivity tips for efficient work

17. Data Import and Export:
- Importing and exporting data to/from Excel

18. Data Security and Protection:
- Password protection
- Worksheet and workbook security

19. Excel Add-Ins:
- Using and installing Excel add-ins for extended functionality

20. Mastering Excel for Data Analysis:
- Comprehensive project or case study integrating various Excel skills

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