Here are the 17 most useful accounting functions in Microsoft Excel to make financial data monitoring and reporting easier and faster.

SUMIF and SUMIFS function is used to add data or seperate data in a table or column. We dicuss the difference and how to use them.

Excel has over 475 formulas in its Functions Library, but we've selected the most popular, from date and time functions to mathematics and simple data manipulation.

For example, the SUM function accepts two numbers and returns a number. Functions of different categories in Excel often return the same data type.

Next, use the SUMIFS function to create four formulas returning the desired results based on the dropdown selections. For example, in cell Q7, pictured below, I entered the following formula: ...

After calculating percentage markups, you can use the SUM () function in Excel to add the markup values to the original value. For example, if your wholesale item costs $10 and the markup is 25 ...

The SUMIF function provides a quick and simple way to create a sum based on a specific criterion, such as the type of audit.