Key Takeaway: The EOMONTH formula is a useful Excel function that calculates the end of a given month based on the starting date and the number of months to add or subtract. This can be used to calculate end-of-month payments or inventory, and for other practical applications. When entering the EOMONTH formula, it is important…
Key Takeaway: Setting stable column widths in a PivotTable improves readability and avoids cluttering of data. This feature enables users to adjust column widths according to their preferences and optimize their display. To set column widths in a PivotTable, users need to access the PivotTable, select the column to adjust, choose the appropriate width, and…
Key Takeaway: Understanding amortization schedules is important for managing loan repayment: Amortization schedules provide a breakdown of interest and principal payments over the life of a loan. This information is vital for making informed decisions about loan repayment. Creating an amortization schedule in Excel is easy and efficient: Using Excel to create an amortization schedule…
Key Takeaway: Conditional formatting based on date proximity in Excel is a useful tool for visually highlighting important dates such as deadlines and milestones in a spreadsheet. The “Highlight Cell Rules” feature allows you to easily highlight cells with dates older or newer than a specified number of days, and customize the highlight colors for…
Key Takeaway: The AVEDEV function in Excel calculates the average of the absolute deviations of data points from their mean, providing a measure of how spread out the data is from the average. The basic syntax for the AVEDEV function requires inputting the range of values for which you want to calculate the absolute deviations….
Key Takeaway: Setting up the strikethrough shortcut on Mac in Excel can save time and increase efficiency in document formatting. Access Excel Preferences to customize keyboard shortcuts and assign the strikethrough function to a specific key combination. Applying strikethrough to a single cell is a simple process. Select the desired cell and press the assigned…
Key takeaway: The status bar in Excel provides important information about the current selection and calculation results, which can be very useful for users. The status bar may disappear for various reasons, such as switching to full screen mode, accidentally hiding it, or using an incompatible add-in. To restore the disappearing status bar, users can…
Key Takeaway: The CONCATENATE function in Excel allows users to combine text from two or more cells into a single cell. This function can be used for a variety of purposes, including combining names, addresses, or other pieces of information. The syntax for the CONCATENATE function is straightforward: =CONCATENATE(text1, text2, …). Simply enter the text…
Key Takeaway: Linking comments to multiple cells in Excel allows for better organization and analysis of data. This is particularly useful when dealing with large datasets or complex spreadsheets. The benefits of linking comments include easier tracking of changes made to cells, improved collaboration with team members, and streamlined data analysis. By linking comments, users…
Key Takeaway: Effective error checking is crucial when working with Excel spreadsheets. This not only helps to maintain data integrity but also ensures accurate analysis and decision-making. Excel offers various error checking tools that can help identify different types of errors. These include formula errors, number errors, and input errors, among others. Users can modify…