5 Essential Excel Formulas You Need to Know

TLDRLearn the 5 most important Excel formulas that are essential for everyday use. These include the CONVERT function, FILTER function, SEQUENCE formula, XLOOKUP formula, and SUMIFS formula.

Key insights

🔢The CONVERT function is useful for converting units of measurement in Excel.

🔎The FILTER function allows you to filter data in Excel based on specific criteria.

🔢The SEQUENCE formula is used to create a sequence of numbers in Excel.

🔍The XLOOKUP formula is a powerful lookup function in Excel that can replace VLOOKUP and INDEX-MATCH formulas.

🔢The SUMIFS formula is used to sum cells in Excel based on multiple criteria.

Q&A

What is the CONVERT function used for?

The CONVERT function is used to convert units of measurement in Excel, such as converting days to hours.

How does the FILTER function work in Excel?

The FILTER function allows you to filter data in Excel based on specific criteria, such as filtering employees in the finance department.

What is the SEQUENCE formula used for?

The SEQUENCE formula is used to create a sequence of numbers in Excel, such as generating a sequence of dates.

What is the XLOOKUP formula and how is it different from VLOOKUP?

The XLOOKUP formula is a powerful lookup function in Excel that can replace VLOOKUP and INDEX-MATCH formulas. It allows for more flexible and efficient lookup operations.

How does the SUMIFS formula work?

The SUMIFS formula is used to sum cells in Excel based on multiple criteria, such as summing revenue for a specific product and location.

Timestamped Summary

00:00Introduction to the video and the importance of Excel formulas.

02:56Explanation of the CONVERT function and its usage for converting units of measurement.

05:59Demonstration of the FILTER function for filtering data based on specific criteria.

09:59Explanation of the SEQUENCE formula for generating a sequence of numbers or dates.

12:59Introduction to the XLOOKUP formula and its advantages over VLOOKUP and INDEX-MATCH formulas.

16:28Explanation of the SUMIFS formula for summing cells based on multiple criteria.

18:59Conclusion and final thoughts on the importance of Excel formulas.