Getting the Top N results from a list of data, such as a Top 10 list is a very common Excel request. While this was possible before dynamic arrays, it has been made much easier using dynamic arrays. In this …
Category: formulas
#SPILL! error – What causes it to occur?
With the introduction of dynamic arrays comes a new type of error; the spill error. Other errors, such as #N/A, #NUM! and #REF! have existed in Excel for many years. In many cases, workarounds for these errors have been created …
3 different ways to get unique values in Excel
It is very common to require a list of unique values from a list that contains duplicates. While it may be easiest to take a single approach to get these values, there are cases where a different approach may be …
Using XLOOKUP and TRANSPOSE
With XLOOKUP , it is now possible to return multiple values from a single function. However; when these values are returned, they show in multiple columns. If we want to have them appear by row, we have to use the …
XLOOKUP – New abilities
In my last post, I detailed how to replace existing VLOOKUP and other lookup formulas with XLOOKUP. However; XLOOKUP is more than just a replacement to the VLOOKUP and INDEX / MATCH functions! XLOOKUP adds some additional functionality that was …
How to use XLOOKUP in Excel to replace existing LOOKUP functions.
In September 2019, Microsoft introduced a new function to help speed up the way that data lookups are performed. As of February 2020, the XLOOKUP in Excel function is still in testing; however, upon release, it will change the way …
INDEX / MATCH – How does it work?
Up until the release of the XLOOKUP function, there has been significant debate in the Excel community around which function is better – VLOOKUP, or INDEX / MATCH. But, what is INDEX / MATCH? This is a combination of 2 …
Quarterly Report – Using SUMIFS()
In this post, along with the next few posts, I will be discussing a hypothetical case where data has been provided and your job (as the analyst) will be to create a quarterly report detailing sales of 2018 new vehicles …
Creating a Basic Loan Amortization Schedule Without Code
An amortization schedule contains details with respect to a loan, including the following: The principal amount of the loan. The interest on the loan (typically reflected in annual terms). The length of the loan (typically reflected in years; except in …
Using PMT() to calculate installments
One of the most commonly used financial functions is the payment function – the PMT() function. This formula replicates the mathematical equation below: Instead of using the mathematical equation, the Excel formula uses a much simpler list of arguments. =PMT(interest …