In the 47th session of Chandoo.org podcast, let’s see how Excel can make you an awesome entrepreneur.
What is in this session?
In this podcast,
- Why Excel for entrepreneurs
- Key areas of a business owner’s work
- Projects & to dos
- Finances
- Customers & marketing
- Planning & strategy
- Processes & workflows
- 5 features of Excel that help
- Tables
- Financial formulas
- Pivot tables
- Forecasting techniques
- VBA & formula driven workbooks
- Conclusions
Listen to this session
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Click here to download the MP3 file.
Excel resources for entrepreneurs
If you are an entrepreneur or small business owner, check out these links and become awesome at your work.
On projects & to dos:
- Introduction to Excel tables
- Introduction to structured references and awesome ways to use tables
- Project management using Excel – 6 part tutorial
On finances:
- Basic financial formulas and analysis concepts in Excel – podcast
- Case study: Cost vs benefit analysis using Excel
- Financial modeling using Excel – 6 part tutorial
On Marketing & customer data analysis:
On forecasting & planning:
- Introduction to trend analysis and forecasting using Excel – 3 part tutorial
- Trend analysis using Excel – podcast
On processes and workflows:
- Top 10 formulas for analysts & managers (entrepreneurs can use them too!)
- Introduction to Excel VBA – podcast
Scott Adam’s book – How to fail at almost everything and still win big
Transcript of this session:
Download this podcast transcript [PDF]
Are you an entrepreneur? Tell me how you use Excel…
Now it’s your turn. If you are an entrepreneur or small business owner, please tell me how you use Excel. Share your story in the comments section.
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13 Responses to “Convert fractional Excel time to hours & minutes [Quick tip]”
Hi Purna..
Again a great tip.. Its a great way to convert Fractional Time..
By the way.. Excel has two great and rarely used formula..
=DOLLARFR(7.8,60) and =DOLLARDE(7.48,60)
basically US Account person uses those to convert some currency denomination.. and we can use it to convert Year(i.e 3.11 Year = 3 year 11 month) and Week(6.5 week = 6 week 5 days), in the same manner...
This doesn't work for me. When applying the custom format of [h]:mm to 7.8 I get 187:12
Any ideas why?
@Jason
7.8 in Excel talk means 7.8 days
=7.8*24
=187.2 Hrs
=187 Hrs 12 Mins
If you follow Chandoo's instructions you will see that he divides the 7.8 by 24 to get it to a fraction of a day
Simple, assuming the fractional time is in cell A1,
Use below steps to convert it to hours & minutes:
1. In the target cell, write =A1/24
2. Select the target cell and press CTRL+1 to format it (you can also right click and select format cells)
3. Select Custom from “Number” tab and enter the code [h]:mm
4. Done!
Hi, sorry to point this out but Column C Header is misspelt 'Hours Palyed'
good one
So how do I go the other way and get hours and minutes to fractional time?
If you have 7.5 in cell A1,
- Use int(A1) to get the hours.
- Use mod(A1,1)*60 to get minutes.
If you have 7:30 (formatted as time) in A1
- Use hours(a1) to get hours
- Use minutes(a1) to get minutes.
I had the same issue. You can solve it by changing the format as described above:
Right click cell > Format Cells > (In Number tab) > Custom > Then enter the code [h]:mm
([hh]:mm and [hhh]:mm are nice too if you want to show leading zeros)
Thanks guys, these are the tips I'm looking for.
...dividing the number of minutes elapsed by the percent change is my task - "int" is the key this time
It doesnt work for greater than 24 hours
It returns 1:30 for 25.5 hours. It should have returned 25:30
Ideally I would right function as
=QUOTIENT(A1,1)&":"&MOD(A1,1)*60
Sorry, replied to wrong comment....
----
I had the same issue. You can solve it by changing the format as described above:
Right click cell > Format Cells > (In Number tab) > Custom > Then enter the code [h]:mm
([hh]:mm and [hhh]:mm are nice too if you want to show leading zeros)
Clever use of MOD here to extract the decimal part of a number. Divide a number containing a decimal by 1 and return the remainder. Humm. Very clever.
Thanks very much, extremely useful !