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| Name | Excel for Accounting - 10 Excel Functions You NEED to KNOW! |
| Video Uploader | Video From Leila Gharani |
| Upload Date | This Video Uploaded At 25-02-2021 10:00:13 |
| Video Discription | Get Access to My Course "Fundamentals of Financial Analysis" here 👉 https://www.xelplus.com/course/learn-financial-analysis/ If you work in accounting or you are a finance professional, make sure you learn these Excel formulas. They'll make your work life a LOT easier and they work in all Excel versions. All are great for accountants, auditors, data analysts and anyone else who'd like to use Excel more efficiently. Grab the file I used in the video from here 👉 https://pages.xelplus.com/functions-accountants-file Suitable for all Excel versions, these tools are vital in your accounting toolkit: 1. AGGREGATE Function: Summarizes values while ignoring errors and hidden cells. Ideal for dealing with large datasets containing errors. 2. ROUND Function: Rounds off numbers to a specified number of digits. Perfect for financial statements requiring specific decimal precision. 3. EOMONTH Function: Dynamically calculates the end-of-the-month date from a specified date, aiding in monthly financial closures. 4. EDATE Function: Moves a date forward or backward by a specified number of months, useful for financial forecasting and planning. 5. WORKDAY Function: Calculates a date after a certain number of business days, excluding weekends and public holidays. Essential for deadline tracking. 6. 3D Formulas: Simplify formula writing across multiple sheets. Particularly useful for consolidating data from various accounts or departments. 7. SUMIFS/AVERAGEIFS/COUNTIFS: Summarize, average, or count data based on multiple criteria. A must-have for detailed financial analysis. 8. IF Function: Checks conditions and returns specific values based on the outcome. Key for creating dynamic financial models and reports. 9. VLOOKUP Function: Retrieves data from a table based on a specified value. A fundamental tool for account reconciliation and data verification. 10. TRIM Function: Removes unwanted spaces from data, ensuring accuracy in functions like VLOOKUP. Critical for data imported from other systems. If you have Office 365, make sure you check out this Excel tutorial. You'll find a list of easy and useful Excel functions such as FILTER, SORT, UNIQUE and SEQUENCE functions: https://youtu.be/_EWcAR_Hkvg 00:00 Most Important Excel Functions for Accountants 00:15 AGGREGATE Function 03:16 Excel ROUND Function 04:40 EOMONTH Function 05:53 Excel EDATE Function 07:05 Excel WORKDAY Function 08:43 3D Formulas 10:17 SUMIFS / AVERAGEIFS / COUNTIFS 12:51 Excel IF Function 14:41 VLOOKUP Function 16:50 TRIM Function _____ Detailed article for Excel functions for accounting: https://www.xelplus.com/excel-functions-for-accounting ________ LINKS to related videos: ► 3D Formulas: https://youtu.be/7T3i-RiuBBU ► SUMIFS / COUNTIFS: https://youtu.be/AZuBNWMh7VM ► IF Function: https://youtu.be/KkTaQ5OjAGc ► VLOOKUP: https://youtu.be/hwL6KKJP-_I ► XLOOKUP: https://youtu.be/4c0CLUER6nw ► TRIM Function: https://youtu.be/ZKgosgTo38I More accounting & Finance videos: https://www.youtube.com/playlist?list=PLmHVyfmcRKywV8Bk6euT02xxtv8YVDkZs For more Excel functions, check out this advanced Excel tutorials and functions playlist: https://www.youtube.com/playlist?list=PLmHVyfmcRKyxvxehq3fiGjKDsEyy6d4Tz ➡️ Join this channel to get access to perks: https://www.youtube.com/channel/UCJtUOos_MwJa_Ewii-R3cJA/join 🎓 Not sure which of my Excel courses fits best for you? Take the quiz: https://www.xelplus.com/course-quiz/ 🎥 RESOURCES I recommend: https://www.xelplus.com/resources/ 🚩Let’s connect on social: Instagram: https://www.instagram.com/lgharani LinkedIn: https://www.linkedin.com/company/xelplus Note: This description contains affiliate links, which means at no additional cost to you, we will receive a small commission if you make a purchase using the links. This helps support the channel and allows us to continue to make videos like this. Thank you for your support! #excel #accounting |
| Category | Education |
| Tags | XelplusVis | Leila Gharani | Advanced Excel tricks | Excel online course | Excel tips and tricks | Excel for analysts | Microsoft Excel tutorials | Microsoft Excel | Excel 2016 | Excel 2013 | Excel 2019 | XelPlus | Microsoft 365 | Excel 365 | office 365 | excel for accounting beginners | excel for accounting and finance | excel for accounting and finance beginners | excel for accounting formulas | excel | excel formulas | excel for accountants | accounting |
