Excel Functions Every Accountant Should Know

TLDRLearn about essential Excel functions for accountants. Discover the AGGREGATE, ROUND, EOMONTH, EDATE, WORKDAY, and 3D formulas. Use SUMIFS, COUNTIFS, AVERAGEIFS to analyze data. Use IF function to apply conditional logic.

Key insights

💡AGGREGATE function allows summarizing values, ignoring errors and hidden cells.

💡ROUND function allows rounding values to a specified number of digits.

💡EOMONTH function dynamically calculates the end of the month based on a specified date.

💡EDATE function moves a specified number of months into the future or past based on a specified date.

💡WORKDAY function calculates the date a specified number of business days after a specified date, excluding weekends and holidays.

Q&A

What is AGGREGATE function used for?

AGGREGATE function is used to summarize values in Excel, allowing you to ignore errors and hidden cells.

How does the ROUND function work?

The ROUND function is used to round values to a specified number of digits in Excel.

What is the EOMONTH function used for?

The EOMONTH function in Excel dynamically calculates the end of the month based on a specified date.

What is the purpose of the EDATE function?

The EDATE function is used to move a specified number of months into the future or past based on a specified date in Excel.

How does the WORKDAY function work?

The WORKDAY function calculates the date a specified number of business days after a specified date, excluding weekends and holidays.

Timestamped Summary

00:00Learn about essential Excel functions for accountants.

00:17The AGGREGATE function allows summarizing values, while ignoring errors and hidden cells.

03:19The ROUND function is used to round values to a specified number of digits.

04:43The EOMONTH function dynamically calculates the end of the month based on a specified date.

05:56The EDATE function moves a specified number of months into the future or past based on a specified date.

07:08The WORKDAY function calculates the date a specified number of business days after a specified date, excluding weekends and holidays.

08:45The 3D formulas in Excel are shortcuts for writing functions across multiple sheets.

12:53The IF function allows for conditional logic in Excel.