It’s been well over 10 years since I started training Microsoft Excel to corporate clients. During training sessions, delegates would usually ask questions on how they can use Excel to help them become more effective in their work. Last week, a financial manager asked me how she could easily look up more than one field of data […]
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How to use a slicer instead of a drop-down list in Excel
Selecting data from a drop-down list is a convenient and accurate way of entering data into a range. It helps in ensuring that the correct data is entered quickly in Microsoft Excel. However, a slicer provides a quicker, better and easier way of selecting data from a list. In this tip, we explain how to use […]
How to calculate the average useful life of assets
To complete an analytical review of the depreciation of your company’s assets, you can calculate the average useful life of these assets. The average useful life, which is a measure of conditional central tendency, can be calculated using the AVERAGEIF function. Central tendency is the middle value or a typical value within a data set. […]
How to effectively use custom number formatting to display your + or – values
In order to effectively analyze data, custom number formatting can be applied to your Microsoft Excel spreadsheet. Custom number formatting is used to easily identify values based on a set criteria. In a large Excel spreadsheet, you can easily highlight all negative or positive values by using custom number formatting. In this example, we are going to […]
3 Easy steps to hide zero values in Excel
To have neat looking reports in Microsoft Excel, you may decide that you want to hide zero values. In this tip, we explain how to hide zero values for selected cells by using the custom number format. The hidden zero values appear in the formula bar when a cell is selected. Values that change to […]
How to compare and merge a shared workbook in Excel
Sometimes when working in Excel and collaborating with your colleagues on a single document, you may wonder to yourself; how can I compare and merge a shared workbook? The answer is simple! You can do this by using the Compare and Merge Workbooks command (this command will have to be added to the quick access […]
3 Easy steps to help you complete a cash flow template
In order to correctly show the movement and management of cash within a business, accountants use a cash flow statement. This statement will display a business’s money coming in from ‘cash receipts’ and where it has paid money out, ‘cash paid’. The cash flow statement is a standard financial statement and is frequently used in […]
Learn how to forecast with scenarios using what-if analysis tools in Excel
The Scenario Manager is a feature in what-if analysis and you can use this to enhance your forecasting in Microsoft® Excel®. A scenario is a set of values that Excel saves and can automatically substitute in specific cells on a worksheet. You can create and save different groups of values on a worksheet, and then […]
Quickly split data into two or more columns in Excel
If you ever need to split data from one column in your Microsoft Excel worksheet into two or more columns, you can use the LEFT, MID and RIGHT Text functions. The LEFT function returns the first character or characters in a text string, based on the number of characters you specify. The MID function returns a specific […]
Using conditional formatting with custom Excel formulas
Conditional formatting is an effective Microsoft Excel feature that allows you to highlight important information, for example; the ability to find duplicate values within your spreadsheet. You can create your own rule by applying conditional formatting to individual cells or a range of cells. When you have selected the data you want to format, you […]
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