The Top 10 Most Useful Excel Formulas for Finance

TLDRDiscover the top 10 Excel formulas for finance that will streamline your financial analysis and reporting tasks. From calculating total revenue to analyzing stock data and optimizing profitability, these formulas will boost your financial productivity.

Key insights

💰Use the AGGREGATE function to calculate the total revenue by excluding error values.

📅Employ the EDATE function to generate a date sequence for financial modeling.

🔢Master the CHOOSE function to dynamically select revenue projections based on different scenarios.

Opt for the IFERROR function to handle errors and display custom messages or values.

📊Utilize the STOCK data type to fetch real-time stock data and analyze historical prices.

Q&A

How can I calculate the total revenue while excluding error values?

You can use the AGGREGATE function with the appropriate options, such as ignoring error values, to calculate the total revenue accurately.

What is an effective formula for generating a date sequence?

The EDATE function allows you to create a date sequence by specifying the start date and the number of months to increase.

How can I select revenue projections for different scenarios?

The CHOOSE function can be used to dynamically select revenue projections based on the index number, allowing you to switch between different scenarios easily.

How can I handle errors and display custom messages or values?

The IFERROR function is perfect for handling errors in formulas. You can specify the formula you want to evaluate and the custom message or value to display if an error occurs.

How can I fetch real-time stock data and analyze historical prices?

The STOCK data type in Excel allows you to fetch real-time stock data and analyze historical prices by specifying the stock symbol or ticker.

Timestamped Summary

00:07The AGGREGATE function is useful for calculating total revenue by excluding error values.

01:23The EDATE function allows you to generate a date sequence for financial modeling.

02:12The CHOOSE function is commonly used for financial modeling and selecting projections for different scenarios.

03:28The IFERROR function helps handle errors in formulas and display custom messages or values.

04:28The STOCK data type enables you to fetch real-time stock data and analyze historical prices in Excel.