SUMPRODUCT Vs. Power Query on Mt. KauKau

SUMPRODUCT Vs. Power Query on Mt. KauKau

When faced with tough problems I react in one of three ways

  1. Come up with ingenious solutions
  2. See if a simpler cheat solution is possible
  3. Sit back and ignore

For most problems, I choose 3rd reaction. Occasionally, I rely on 2nd option and very rarely the first one.

When faced with a tricky time sheet summary problem (as outlined above), after initial lethargy I wanted to solve it.

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Jo’s first keyboard shortcut

Jo, my lovely wife quit her job as my partner in crime at Chandoo.org recently and took up a lucrative position at NZ govt. agency. The other day I asked her “how was your day?” when she got home. She smiled and said, “I learned my first Excel shortcut!”.
Guess what it is?

F4.

That is right. The mighty F4 key. You can use it to repeat any action.

Jo was using it to insert rows in her workbook. After inserting first row (using CTRL+ of course), she would press F4 to add more rows as needed.

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Start your bar charts from zero – Excel geeks screaming at you from mountain top

Start your bar charts from zero – Excel geeks screaming at you from mountain top

Here is a simple but vital charting rule.

Start your bar (or column) charts from zero.

To illustrate why you should do this, let me share a personal example.

Over the weekend, the Jon Peltier visited Wellington. He is staying with Jeff (who occasionally guest blogs on Chandoo.org). On Sunday, we all decided to hike up a small mountain near my house for a leisurely family picnic.

While on the top of the mountain, Jo (my wife) took a few pics of us three Excel geeks.  As we were standing on a sloping mountain face this is how the pictures look.

Looking at the picture on left, you would confidently say that I am way shorter than other two. But picture on right tells a different story.

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Selective Sub-totals in Pivot Tables [Quick Tip]

Selective Sub-totals in Pivot Tables [Quick Tip]

Recently I was creating a pivot report with multiple items in row labels area. I had to show sub-totals, but only for one of the fields. Something like above.

How to show selective sub-totals in Pivot Tables

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Avoid Hiring Boo-boos with Excel – COUNTIFS for the win [video]

Avoid Hiring Boo-boos with Excel – COUNTIFS for the win [video]

Imagine you are head of human resources at Casual Contracting Co. Every month you hire a lot of temporary staff who spend 1-4 months with CCC before leaving. Sometimes you hire the same people again. Of late, you have noticed a strange process gap. You are paying same person two (or more) salaries.

This is because you are hiring a person for new temp role even before their current one ended. See above picture.

So how to avoid making such hiring boo-boos.

Simple, using Excel of course.

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Relative References in Excel Tables

Relative References in Excel Tables

Excel Tables have been around for a decade now (they are introduced in Excel 2007), and yet, very few people use them. They are versatile, easy and elegant. At Chandoo.org, we celebrate Tables all the time. If you have never used them, start with below tuts.

While tables are super helpful, they do come with some limitations. Today let’s examine one such unique problem and learn about an elegant solution.

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Modelling Inventory Run Rate & Cash Flows using Excel

Modelling Inventory Run Rate & Cash Flows using Excel

Imagine you run an office furniture company. You want to stop reordering two brands of furniture – Relaxer (a type of chair) and Boca Top (a type of table). You currently have 20,000 Relaxer chairs and 5,000 Boca Tops. These are valued at $200,000 and $100,000 respectively. When sold, they will yield $100,000 and $25,000 gross profit. You are hoping to sell them off in 2 or 3 years. You forecast that we can sell off these as per some yearly schedule.

You need to analyze this and prepare a cash flow model.

Let’s learn how to answer such open ended questions using various analysis techniques in Excel.

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