I am sure you know how to create formulas in Excel, but did you know that there are many more formulas than what you can see on the home tab? See below for a list of 50+ formulas with examples so do not get bogged down by data. You should also save these formulas in your excel sheet or use them when needed.When it comes to data analysis, Excel is one of the most powerful tools available to the public. Its ability to manipulate data sets has made it attractive for commercial software vendors. It is capable to store, organize, manipulate and analyze data.While using Excel formulas there are a lot of features which you might not be aware of. Just because a formula works doesn't mean it will always be accurate! Some formulas may or may not give the correct output.In this article I have listed different types of formulas along with their usage and examples. [1] [2] [3] [4] [5] [6] [7] [8]The IF formula checks if a condition is true or false to return a value from a range of cells.... The IF statement works by evaluating the condition; if it is TRUE, then the first value is returned; otherwise, the second value is returned.The SUMIF formula works by determining whether or not a condition is true or false in a range of cells. Based on this determination an amount from another range of cells is added to the total in a single cell. Get more details on SUMIF here. [9] [10] [11] [12] [13] [14] [15]In this article we will take you through excel SUMIF examples that can save you time and provide you with a full understanding of how to use this function..... If you have a list of items and need to know the sum of the list based on conditions such as color, size, or amount donated, SUMIF can do this for you. The SUMIFS formula adds or subtracts a list of values that meet multiple criteria. For example, we want to net the gain and loss from a trade based on whether we bought or sold and what direction we took (long or short). The COUNTIF formula counts the number of cells in a range that meet specific criteria. For example see how to count phone numbers starting with area code "385". The COUNTIF statement works by counting cells within a range that meet specific criteria. The COUNTIFS statement works by counting cells that meet multiple criteria. The SUMPRODUCT formulas works by multiplying corresponding cells in two or more ranges and then summing the products. It is important to note that the ranges must be of the same size. The ROUND formula rounds a number to a desired number of decimal places, while ROUNDDOWN and ROUNDUP will round to a desired whole number or multiple of 10 respectively. The TRIM function removes any spaces from either side of a text string. For example, one could use this on data imported from Excel online where spaces before and after some data prevents Vlookups from working correctly.

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