Advanced Excel Formulas

Advanced Excel skills enable you to handle core responsibilities in an organization. Advanced Excel skills will automate the tasks and searching capabilities. As a result, it helps to save time and boost productivity. Let's learn about a few Advanced Excel skills:

a) SUMIF

SUMIF formula helps add cells with similar properties. For example, the SUMIF formula is applicable when you want to add cells that include a specific word or number. Also, you can use it for cells of a particular type or class of item. Most importantly, SUMIF collects a summary of massive data generated from enrolment, sales, or similar huge data sets. This formula includes information on the number of cells that should be examined and the kind of cells that can be added.

b) Conditional Formatting

Most industries use formatted Excel spreadsheets and tables to represent their data visually. Conditional formatting changes the appearance and colour of cells based on the information it includes. For example, when working on a budgeting and financial spreadsheet, you can highlight negative figures in red. Similarly, in yellow, you can highlight cells containing error codes or a unique word. Conditional formatting will help you represent your information visually and verbally. All you'll have to do is decide the facts and figures that should be highlighted and differentiated from each other.

c) IFERROR

It's common to make mistakes when carrying out advanced Excel functions. The errors arise when there are missing data in a particular row or a problem that needs immediate attention. IFERROR can generate a text or a blank cell and eliminate error codes. An empty cell or a particular text is attached to the cell that should be re-verified.

d) COUNTIF

Excel's COUNTIF function helps you to keep a count of cells with identical properties. The function will help you figure out how many times an entry and word are included in a vast spreadsheet. COUNTIF will gather all your data and classify them under a specific criterion. Besides, it enables you to know the location of your consumers, track the number of employees that work in a particular department, and so on.

e) Index Match

When combined, Excel's Index & Match function will help you evaluate data that is included in an Excel workbook and sheet. The Match function is usually included in the INDEX function. So, it is used to discover a specific kind of data. Similarly, the purpose of the INDEX is to connect the data to different data in the row.

f) Macros in Excel VBA

Thesey use the Visual Representation Application in Excel to create custom user-generated functions. VBA Macros are used to access the Windows Application Programming Interface (API). They also speed up manual tasks by creating automated processes.

g) INDIRECT

A valid cell reference from a given text string is returned by this Excel function. You can make use of INDIRECT when you want to assemble a text value that can be used as a valid reference.

h) Get External Data (from Web)

Follow the below steps to import a Web data into Excel

1) Click an empty cell in the spreadsheet

2) Click the Data tab located between Formulas and Review at the top of the app window.

3) Click ‘From Web’ on the Data Ribbon. This is found in the upper-left corner of Excel on the “Get and Transform “ panel.

4) Enter the website URL and click ‘OK’. The URL should be the address you want to enter or paste into the typing area. And, the address should essentially contain the data you want to import.

5) To access the site anonymously, you have to click ‘Connect’.

6) Then select a Table. You can find the list of tables in the left panel of the Navigator window. When a table is selected, the data will appear on the right in the panel.