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Column Chart: It can be used to compare different sets of values using data bars.

Area Chart:‌ Area chart is a line chart where space to the X-axis is filled.

Line Chart: It is best to show a trend over some time with a line.

The best way for this is by using charts, and Excel gives you a full range of charts to insert.

Count Cells Less than a Particular ValueĮven if you work more with finance and accounts data, you do need to present it to others.

Below is a list of some of the most useful accounting formulas.

Once you learn to use functions you can be able to create basic as well as complex formulas. Other Functions: String (Text) | Date | Time | Logical | Math | Statistical | Lookup | Information | FinancialĪ formula is a combination of two or more Excel functions to calculate a specific value.FV: It calculates the future value of an investment using constant payments and a constant rate of interest.DATEDIF: It returns the number of days between two days using different parameters (days, months, or years).EOMONTH: It returns the last day of a future or a past month using the number you provide.SUMPRODUCT: This function calculates the products of two or more arrays and then returns the sum of those products.COUNTIFS: With this function, you can count values from an array using multiple conditions.AVERAGEIFS:‌ With this function, you can average values from an array using multiple conditions.SUMIFS: With this function, you can sum values from an array using multiple conditions.ABS: This function converts a number ( negative to positive) into an absolute number.Functions for AccountantsĮxcel has a whole bunch of functions (See this:‌ Excel Functions List) and below you have the top functions for accountants: There’s also an option to specify the fields which are important and you want the IDEA button to make a recommendation based on those.Īnd if you want to update the rate of discount you simply need to edit the value from the define name dialog box. You can simply click on “Insert” to insert your preferable chart or pivot.It will instantly show you the side pane and with all the recommendations.Once you are ready with your data click on the IDEA button (Home Tab ➜ Ideas ➜ Ideas).The idea behind this button: It can analyze the data with a single click and recommends all the possibilities. The idea button is a new feature introduced by Microsoft in Excel. In the end, once you define all, you’ll have a pivot chart like below.So now, add “Age” to the rows, “Education” to the column, and “First Name” to the values.

Once you click OK, you will have a sidebar just like below where you can define the rows, columns, and values for the pivot table.

It will show you a dialog box to define the source data range but as you have already selected the data it takes it automatically.

Now, go to the Insert Tab and click on the insert pivot table.