Unlock the Power of Excel: 7 Life-Saving Formulas for Everyday Tasks
Khyati Malhotra
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Excel is more than just rows and columns, it's a powerful tool that can simplify your daily tasks when used effectively.
Whether you're organizing data, analyzing trends, or creating reports, the right formulas can save you hours of manual effort.
In this edition, we’re diving into 7 essential Excel formulas you can start using today to make your life easier.
1. VLOOKUP: Find Data Quickly
Use VLOOKUP to search for a value in a table or range and return corresponding data.
Formula:
=VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])
Example: Find the price of a product by entering its ID: =VLOOKUP(A2, ProductTable, 2, FALSE)
2. IF: Make Logical Decisions
The IF function helps you perform logical comparisons and return results based on conditions.
Formula:
=IF(logical_test, value_if_true, value_if_false)
Example: Check if a sales target was met:
=IF(B2>=5000, "Target Achieved", "Target Not Met")
3. CONCAT: Combine Texts Effortlessly
Merge multiple text strings into one with CONCAT (or TEXTJOIN for advanced users).
Formula:
=CONCAT(text1, text2, ...)
Example: Combine first and last names into a single cell:
=CONCAT(A2, " ", B2)
4. SUMIFS: Advanced Summing Based on Criteria
With SUMIFS, you can sum values based on multiple criteria.
Formula:
=SUMIFS(sum_range, criteria_range1, criteria1, [criteria_range2, criteria2])
Example: Calculate total sales for a specific region:
=SUMIFS(Sales, Region, "North", Product, "Widget")
5. INDEX-MATCH: A Better Alternative to VLOOKUP
The INDEX-MATCH combo offers more flexibility than VLOOKUP by working with rows and columns independently.
Formula:
=INDEX(return_range, MATCH(lookup_value, lookup_range, match_type))
Example: Retrieve a product name based on its ID:
=INDEX(ProductNames, MATCH(A2, ProductIDs, 0))
6. TEXT: Format Numbers and Dates
Customize the way numbers and dates are displayed with the TEXT function.
Formula:
=TEXT(value, format_text)
Example: Format today’s date as "Monday, November 20, 2024":
=TEXT(TODAY(), "dddd, mmmm dd, yyyy")
7. UNIQUE: Remove Duplicates Easily
The UNIQUE function, available in newer versions of Excel, lets you extract distinct values from a range.
Formula:
=UNIQUE(array)
Example: List all unique customer names from a dataset:
=UNIQUE(A2:A50)
Bonus Tips for Formula Success
These formulas are just the beginning. Mastering them will make your Excel tasks faster, smarter, and more efficient.
Try them today and let your data work for you!
Stay tuned for more Excel insights and tips in our next newsletter.
Happy Calculating!
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17 小时前It truly saves decades we spend on excel Khyati Malhotra
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19 小时前This post is a goldmine for streamlining tasks and mastering Excel formulas! Packed with practical tips and shortcuts, it's perfect for boosting efficiency and making smarter decisions. Can’t wait to dive in! Khyati Malhotra
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1 天前I am an excel fanatic Khyati.. I love its capabilities especially for data churning and analyses..
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1 天前VERY USEABLE & HELPFULL FORMULAS, IT MUST SAVE UAGER'S VALUABLE TIME! THANKS YOU VERY MUCH FOR YOUR VALUABLE CONTRIBUTIONS.
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1 天前Leveraging Excel can transform productivity. Mastering these formulas not only streamlines your tasks but also enhances your decision-making capabilities.