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Excel Formulas Cheat Sheet: Everything You Need To Know In 2023

Saturday, May 6th 2023. | Excel Templates

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Introduction

Microsoft Excel is one of the most widely used spreadsheet applications in the world. It is an essential tool for businesses, students, and professionals who need to manage and analyze data. Excel formulas are the backbone of this application and can be used to perform various calculations, manipulate data, and automate tasks. In this article, we will provide you with a comprehensive cheat sheet that will help you master Excel formulas in 2023.

Sample Excel Formulas Cheat Sheet

Here are three sample Excel formulas that you can use to perform basic calculations.

1. SUM Formula

The SUM formula is used to add values in a range of cells. For example, if you want to add the values in cells A1 to A5, you can use the following formula: =SUM(A1:A5) This formula will return the sum of the values in cells A1 to A5.

2. AVERAGE Formula

The AVERAGE formula is used to calculate the average of a range of cells. For example, if you want to calculate the average of the values in cells A1 to A5, you can use the following formula: =AVERAGE(A1:A5) This formula will return the average of the values in cells A1 to A5.

3. IF Formula

The IF formula is used to perform conditional calculations. For example, if you want to calculate a bonus based on an employee’s performance, you can use the following formula: =IF(A1>90,”Excellent Performance”,IF(A1>80,”Good Performance”,”Average Performance”)) This formula will return “Excellent Performance” if the value in cell A1 is greater than 90, “Good Performance” if the value is between 80 and 90, and “Average Performance” if the value is less than 80.

Tips for Mastering Excel Formulas

Here are some tips that will help you master Excel formulas in 2023: – Practice, practice, practice! The more you use Excel formulas, the more comfortable you will become with them. – Use the built-in help feature to learn about new formulas and how to use them. – Use named ranges to make your formulas easier to read and maintain. – Use the IFERROR function to handle errors in your formulas. – Use the Evaluate Formula feature to troubleshoot complex formulas.

FAQs About Excel Formulas Cheat Sheet

Here are some frequently asked questions about Excel formulas cheat sheet:

1. What are Excel formulas?

Excel formulas are mathematical expressions that are used to perform calculations, manipulate data, and automate tasks in Microsoft Excel.

2. How do I create a formula in Excel?

To create a formula in Excel, you need to start by typing an equal sign (=) followed by the formula you want to use. For example, =SUM(A1:A5) will add the values in cells A1 to A5.

3. What are some common Excel formulas?

Some common Excel formulas include SUM, AVERAGE, IF, COUNT, MAX, MIN, and VLOOKUP.

4. How do I use named ranges in Excel formulas?

To use named ranges in Excel formulas, you need to define a name for a range of cells. You can do this by selecting the cells you want to name, clicking on the Name Box in the formula bar, and typing a name for the range.

5. How do I troubleshoot errors in Excel formulas?

To troubleshoot errors in Excel formulas, you can use the Evaluate Formula feature to see how Excel is calculating the formula. You can also use the IFERROR function to handle errors in your formulas.

6. How do I copy formulas in Excel?

To copy formulas in Excel, you can use the fill handle. Simply select the cell with the formula you want to copy, drag the fill handle over the cells where you want to copy the formula, and release the mouse button.

7. How do I protect formulas in Excel?

To protect formulas in Excel, you can use the Protect Sheet feature. This feature allows you to prevent users from editing or deleting cells, including cells with formulas.

Conclusion

Excel formulas are a powerful tool that can help you manage and analyze data in Microsoft Excel. By mastering Excel formulas, you can save time, increase accuracy, and automate tasks. We hope this cheat sheet will help you become an Excel formula expert in 2023.