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All articles in 'Learn Excel' Category

Compound Interest Formula in Excel

Published on Apr 2, 2024 in Learn Excel

Classically, known as “interest on interest”, compound interest is the most common type interest used in every day finance situations.

To calculate compound interest in Excel,

on principal amount P
at the rate of interest R
for the number of years N
and compounded T times per year
we can use the formula = P*(1+R/T)^(N*T)

In this article, understand how to calculate various kinds of compound interest values using Excel formulas.

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How to calculate the Gender Pay Gap using Excel Formulas? (Free Calculator Template)

Published on Mar 19, 2024 in Learn Excel, Templates

Gender Pay Gap is the difference in pay for groups of men & women and usually based on the average or median salaries. We can use Microsoft Excel to quickly calculate the GPG (Gender Pay Gap) from your data. In this article, let me explain the process, Excel formulas and offer you a ready to use GPG calculator.

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Weighted Average in Excel [Formulas]

Published on Mar 14, 2024 in Learn Excel

Learn how to calculate weighted averages in excel using formulas. In this article we will learn what a weighted average is and how to Excel’s SUMPRODUCT formula to calculate weighted average / weighted mean.

What is weighted average?

Wikipedia defines weighted average as, “The weighted mean is similar to an arithmetic mean …, where instead of each of the data points contributing equally to the final average, some data points contribute more than others.”

Calculating weighted averages in excel is not straight forward as there is no built-in formula. But we can use SUMPRODUCT formula to easily calculate them. Read on to find out how.

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How to fix SPILL Error in Excel Tables (3 easy solutions)

Published on Feb 21, 2024 in Excel Howtos, Learn Excel

So you have a SPILL error in your Excel tables? In this quick article, let me show you 3 easy fixes to the problem. Fix 0: See if Excel can auto-fix the formula This is not really a fix. But if you write certain types of formulas in table, Excel will warn you about the […]

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Loan Amortization Schedule in Excel – FREE Template

Published on Feb 20, 2024 in Financial Modeling, Learn Excel

Do you want to calculate loan amortization schedule in Excel? We can use PMT & SEQUENCE functions to quickly and efficiently generate the full loan amortization table for any number of years.

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How-to create Dependent Drop Downs in Excel [Dynamic & Multiple]

Published on Feb 14, 2024 in Excel Howtos, Learn Excel

Do you want to create a dynamic dependent drop down list in Excel like below? You can use XLOOKUP and data validation to set this up quickly. It is fully dynamic and works across a full column too.

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VLOOKUP(), MATCH() and INDEX() – explained in plain English

Published on Feb 11, 2024 in Featured, Learn Excel

VLOOKUP may not make you tall, rich and famous, but learning it can certainly give you wings. It makes you to connect two different tabular lists and saves a ton of time. In my opinion understanding VLOOKUP, INDEX and MATCH worksheet formulas can transform you from normal excel user to a data processing beast. Today, […]

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Published on Feb 6, 2024 in Learn Excel, Templates

Do you want to manage your staff’s allocations, shift schedules and view the results in a 4 week grid fashion (like below)? Then you are going to love my FREE Staff Roster Excel Template. What can you do with this template? Template Compatibility This template is designed to work with modern Excel only. You need […]

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How to calculate time between two dates in Years, Months & Days [Excel Formula]

Published on Jan 29, 2024 in Excel Howtos, Learn Excel

Let’s say you have two dates in the cells D4 & D5 as above. You want to find out the duration in years, months & days between both. We can use the good-old DATEDIF formula for this.

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35 shortcuts & tricks to make you an #AWESOME Data Analyst

Analyst’s life is busy. We have to gather data, clean it up, analyze it, dig the stories buried in it, present them, convince our bosses about the truth, gather more evidence, run tests, simulations or scenarios, share more insights, grab a cup of coffee and start all over again with a different problem.

So today let me share with you 35 shortcuts, productivity hacks and tricks to help you be even more awesome.

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FREE Calendar & Planner Excel Template for 2024

Published on Jan 7, 2024 in Learn Excel, Templates

Here is a fabulous New Year gift to you. A free Calendar & Activity planner made entirely in Excel. A fully customizable and flexible calendar for all your planning needs.

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Who went to both USA & UK? [Excel Challenge]

Published on Nov 10, 2023 in Excel Challenges, Learn Excel

How about a fun Excel challenge? I have data in below format in the table named trips I want to know which employees visited both USA & UK? How would you solve this problem? Post your solutions in the comments. Need sample data & my solution? Click here to download the file. Want more challenges […]

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Calculating Critical Path using Excel Formulas [Project Management]

Published on Oct 3, 2023 in Learn Excel, Project Management

Do you know that we can easily calculate the critical path for a project using Excel formulas?

For a long time, it has been tricky to calculate the Critical Path using Excel formulas. But thanks to the arrival of new Dynamic Array functionality in Excel, we can now calculate critical path. In this article let me describe the approach with an example.

Put on your hardhats, this one is going to blow your minds.

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How to make a pivot table when you have data in multiple sheets [Tutorial]

Published on Sep 26, 2023 in Learn Excel, Pivot Tables & Charts, Power Query

Recently I had to create a Pivot report from monthly data. But there is a twist. The data is spread across multiple sheets, one for each month. Let me explain how I built the pivot for that scenario.

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Python is in Excel! – Here is a complete getting started guide for you

Published on Sep 5, 2023 in Learn Excel, Python

Python ? is in Excel now! Learn how to use Python in Excel with Sample data, 10 Code Examples and tips with this complete guide.

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