Home Archives for Excel Functions
October 21, 2012 1 Comment

Essential Excel Skill #3: Creating and Using Named Cell Ranges in Excel

Essential Skill #3 - Using Named Cell Ranges

Essential Excel Skill 33 – Using Named Cell Ranges

I believe that there are two main reasons to create and use Named Cell Ranges in Excel”

  • They make great Navigational Bookmarks – to quickly move to a specific location in your workbook
  • Using Named Cell Ranges in Excel Formulas make the formula:
    • Easier to Write
    • Easier to Explain – to others
    • Easier to Understand – when you need to edit it or copy it.

9 Essential Excel Skills

My latest Excel Video Training Resource: “9 Essential Excel Skills,” contains 4 hours of focused video training. There are a total of 25 individual video tutorials in the resource.

Here, in this lesson, I demonstrate several of the tips and techniques that I present in Essential Skill # 3. I show you how easy it is to create and use Named Cell Ranges in Excel Formulas and Functions.

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How to Create and Use Nammed Cell Ranges in Excel [ 8:13 ] Play Now | Play in Popup | Download (4615)
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September 24, 2012 1 Comment

How to Use Lookup Functions in Excel – Take a Free Lesson from My Latest Video Training Resource

Video Lesson - Lookup Functions in Excel 2007

Video Lesson – Lookup Functions in Excel 2007

I have just published the Excel 2007 version of my latest video training resource, “Nine Essential Excel Skills.” And, I want to offer you the opportunity to watch a complete episode. This is one of the 25 video tutorials included on my video training resource. The complete package contains almost four-hours of focused Excel 2007 Training.

Lookup Functions in Excel 2007

Watch this complete 11 minutes and 30 second lesson, as I demonstrate how to use both the VLOOKUP() and HLOOKUP() Functions in Excel. I demonstrate how to return an “exact” match as well as how to return an “approximate” match. I use “plain language” to describe how to use Lookup Functions.

Learn More About My Video Training Resources

Here are the links to the specific product information pages for my latest video training resources:

Download My Step-by-Step Instructional Guide – for Free!

You can download a PDF of my Step-by-Step Instructional Guide for the “9 Essential Excel 2007 Skills” video training resource. I am offering this for free so that you can see the scope and detail of the training that I offer on my 4-hour video. Click on this link to begin the downloading process for my free Instructional Guide.

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September 20, 2012 Leave a Comment

Instructional Guide “9 Essential Excel 2010 Skills” – Download for Free

Instructional Guide "9 Essential Excel 2010 Skills"

Instructional Guide “9 Essential Excel 2010 Skills”

I want you to discover the scope of the Excel Training that I offer on my new video tutorial, “9 Essential Excel 2010 Skills.” So, I am offering the PDF of the Step-by-Step Instructional Guide that accompanies the video tutorial.

Link to The Company Rocks Free Resources Page

Click on this link to begin the download process for the Instructional Guide.

Instructions for Downloading the Free Instructional Guide

  1. Add this product to your secure shopping cart at my website.
  2. During Checkout, you can choose to either Register or Shop as a Guest
  3. You will need to provide a valid email address in order to receive the actual link to download my Instructional Guide.
  4. Even though you will be downloading this product, I had to set it up as a physical product with “Free Shipping.”
  5. Shortly after you complete the checkout process you will receive an email that contains a hyperlink to the file that you will download.
  6. You will be downloading a “zipped” file. So, once the download is completed, be sure to “unzip” this file!
  7. I created my Instructional Guide using the free Adobe Acrobat Reader.

Read the Instructional Guide and then Purchase my Video!

I am convinced that once you see the scope of the training in Excel 2010 that I offer, you will want to purchase the video tutorial. I offer my video in tow versions:

List of the “9 Essential Excel 2010 Skills”

9 Essential Skills for Excel 2010

9 Essential Skills for Excel 2010 Video Tutorial

These are the 9 Essential Skills that I have identified for my video tutorial:

  1. Entering Data Efficiently in Excel 2010
  2. Selecting Cell Ranges Efficiently in Excel 2010
  3. Creating and Using Named Cell Ranges in Excel 2010
  4. Applying Styles and Formatting to Excel 2010 Worksheets
  5. Working with Structured Data Sets in Excel 2010
  6. Working with Excel 2010 Formulas and Functions
  7. Using Paste Special Options in Excel 2010
  8. Using Data Validation in Excel 2010
  9. Using Excel 2010 “What-if” Analysis Tools

Excel 2010 Practice Files Included

When you purchase my video tutorial, you receive the same Excel 2010 Worksheets that I used while filming each of the 25 video tutorials. Using the same files as you view my videos, you will be able to practice your new skills. And, of course, you also receive the same Instructional Guide that I am offering for free!

I welcome your feedback! Please send me your comments via email – danny@thecompanyrocks.com – or by adding a comment below.

Thank you!

 

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Filed Under: COUNTIF and SUMIF Functions, Data Validation, Everyday Calculations in Excel, Excel Basics, Excel Data Tables and Lists, Excel Formulas, Excel Functions, Excel Training, Format Cells in Excel, Goal Seek in Excel, MS Excel Tips, MS Excel Training, Names for Cells and Ranges, New in Excel 2010, Online Store for The Company Rocks, Subtotals and Outlines in Excel, SUMIF and SUMIFS Functions, Video Training Courses, What-if Analysis Tagged: , , , , , , , , , , , , , , , , ,
September 8, 2012 Leave a Comment

Review for my Latest Publication – “9 Essential Skills for Excel 2010”

Main Menu Essential Skills for Excel

Main Menu for “9 Essential Excel Skills”

I just received a fabulous review, from one of my viewers, for my video tutorial, “9 Essential Skills for Excel 2010.”

Read this Review

Product Reviews

It’s really a master piece!!

Posted by Tamoghna on 8th Sep 2012

“I was a beta tester of “9 Essential Excel Skills- Excel 2010” by Danny Rocks. In one word this is an excellent resource for anyone who wants to master those essential skills which are required to use excel professionally. There are total 9 chapters which consist of a series of dense but brief video lessons.

The lessons have been planned in a careful way so that the viewers are introduced from simple to more complex topics.

Surely you are going to be amazed by the incredible picture and sound quality of the videos. I had a feeling as if I was watching an excel movie while putting my head phone. Danny has several qualities as an instructor. His pace of delivery and voice modulation is just fantastic and if you are not an absolute excel-newbie watching a video just one time is enough. Before starting each lesson he gives a brief introduction so that you can connect what you learned in the previous lesson. He also repeats and stresses some part which you will find really helpful.

Another great take away from this video tutorial is a bunch of great keyboard shortcuts and best excel practices which you can expect only from an excel veteran. Among so many other things I was left with surprise why I didn’t use “page layout view” and “vertical alignment formatting” before! Even if you are an advanced excel user surely you are going to learn a lot of useful tricks including some commonly encountered gotchas and how to avoid them.

I won’t be taken aback If this product goes every corner of the excel user community and becomes best seller in this field.”

Learn More About My Video Tutorial

I have produced the “9 Essential Skills for Excel 2010” in two formats:

Both versions include 4 hours of video instruction. 25 individual video tutorials. The Excel Practice files that I used while filming the video tutorials. A PDF of the Step-by-step Instructional Guide that I created for these video lessons.

Version for Excel 2007 Now Available!

DVD-ROM, "9 Essential Excel 2007 Skills"

DVD-ROM, “9 Essential Excel 2007 Skills”

I have just published “9 Essential Excel 2007 Skills” for DVD-ROM. Click to to get more information about my latest publication.

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August 3, 2012 1 Comment

How to Use an Array Function in Excel – Learn How to Use the Frequency Function

Key Points for Frequency FunctionIn my experience, most of the people who I train have never heard of – let alone use – Array Formulas and Functions in Excel. However, once I demonstrate how they work, they become “hooked” and want to learn more about these “Magic Formulas!” In this tutorial, I demonstrate, “step-by-step” how to use the FREQUENCY() Function in Excel.

Previous Tutorial on The Company Rocks Website

If you watched my previous tutorial, I used the same data set and a Pivot Table to Group these 500 plus Sample Records by Age Bracket. Using a Pivot Table, you can quickly “group”  ages into brackets – without writing a single formula! However, on the down side, you must use a consistent “step-value” for these groupings – in this case by 10 years. When you need more flexibility in organizing your Age Brackets, use the Frequency Function in Excel.

How to Use the FREQUENCY() Function in Excel

  1. Create your “Bin Array.” In this example, enter – in ascending order – the ages that you want to find the “frequency of occurrences” between
  2. Select the “Array of Cells” that will contain your FREQUENCY() Function results.
  3. Write the FREQUENCY() Function –  1st argument is the  “Data_array”. In this case, I created a Named Cell Range called “Age.” this is mu “Best Practice Tip!”
  4. The 2nd argument is the “Bin_array.” Choose the vertical range of cells that you created in step 1 of this list. Make sure that the “size” of this Array matches the “size” of your Array Formula Selection.
  5. Complete the Array Function with the keyboard combination of “Ctrl + Shift + Enter.” This “CSE” combination is essential when entering all Array Formulas and Functions!

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I invite you to visit my secure shopping website – http://shop.thecompanyrocks.com – where you can preview all of the training resources that I offer. If you want to learn more about formulas and function, I offer a great resource: “The 50 Best Tips for Excel 2007.” Regardless of the version of Excel that you are currently using, you will pick up many great tips to improve your Excel skills!

Watch Tutorial in High Definition

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April 20, 2012 Leave a Comment

How to Perform Time Period Calculations in Excel

Time Calculations in Excel

Time Calculations in Excel

Judging by the number of calls that I get from my viewers, working with Time Period Calculations is one of the most problematic challenges in Excel. My goal for this tutorial is to demonstrate how you can easily avoid the frustrations when you calculate elapsed time and total a series of time – e.g. hours worked during the week.

Apply a Custom Format to Formula Cells

When you create an Excel Formula that subtracts a Start Time from an End Time, you are likely to get a result that looks like 2:30 AM. This is not what you want to see! The solution is to apply a Custom Time Format – e.g. h:mm – to the formula cell(s).

Time that “Spans Midnight”

Many people work the “Graveyard Shift.” The start work late in the evening and they end work early the next morning. The problem that occurs when you want to calculate the number of hours worked is that Excel believes that you are performing a “negative time” operation and the result is a cell filled with ######## (Hash Marks). This happens because Excel thinks that both the Start Time and the End Time belong in the same day. To solve this, you could use an IF() Function formula. However, there is a much easier formula to use as I demonstrate in this video. It uses the MOD() Function.

Total Hours Worked

Use the SUM() function to total 8:00 hours worked each weekday. You are expecting to see 40:00 hours worked. So why does Excel return 16:00 hours instead? By default, Excel interprets 24:00 hours as a single day. So it subtracts 24:00 from the 40:00 hours worked to return 16:00 hours. Unless you make a formatting change to the formula cell you are going to have many unhappy and under paid employees.

The solution? Apply the [h]:mm Custom Formatting to the Formula Cells. Amazingly enough, Excel does not include [h]:mm as one of the Custom Formats in the list. So, simply edit one of the other formats and you will now have the correct answer displayed for your formula!

Learn More Tips for Excel

I invite you to visit my secure online shopping website – http:shop.thecompanyrocks.com – to preview all of the resources that I offer including “The 50 Best Tips for Excel 2007” DVD-ROM.

Subscribe to the “Danny Rocks Tips and Timesavers” Video Podcast on iTunes

I offer a free video podcast for many of my video tutorials at the iTunes Store. Follow this link to see all of the Podcasts that I have posted. If you like what you see, I invite you to subscribe to this free service.

Watch Tutorial in High Definition

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How to Perform Time Period Calculations in Excel [ 7:55 ] Play Now | Play in Popup | Download (1635)
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February 10, 2012 Leave a Comment

3 Reasons to Create and Use Named Ranges in Excel Formulas

Use Named Ranges in Formulas

Use Named Ranges in Formulas

In my opinion, there are three reasons to use Named Range references in Excel Formulas:

  1. They are easier to write. Particularly, if you are referencing cells in another worksheet.
  2. They are easier to remember. Using =Sales – Cost of Goods Sold to determine Gross Profit vs. =A1 – B1
  3. They are easier to explain. Especially, if you are sending an Excel Workbook to a client or a colleague.

Creating Named Ranges in Excel

In this tutorial, I demonstrate two methods for creating a named range:

  1. Select the cells in the range and then type the name in the “Name Box” in the Upper Left Corner of the worksheet.
  2. Select both the cell with the “Name” and the adjacent cells for the range. Then use the Keyboard Shortcut Ctrl + Shit + F3 to open the Create Names from Selection Dialog Box

Remember that all Named Ranges MUST begin with a Letter or an Underscore and they CANNOT contain any Spaces!

Paste Named Ranges into Formulas

If you are using Excel 2007 or Excel 2010, you can take advantage of Formula AutoComplete to quickly and accurately include named ranges in your formulas. In ALL versions of Excel you can use the F3 Keyboard Shortcut to open the Paste Names Dialog Box and select the named range that you wish to paste into your formula.

Additional Resources for Excel

I invite you to visit my secure online shopping website – http://shop.thecompanyrocks.com – where you can preview all of the resources that I offer you.

Watch Tutorial in High Definition

Follow this link to watch my Excel Video in High Definition. My YouTube Channel – DannyRocksExcels – has received over 1 million views!

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February 7, 2012 Leave a Comment

How to Use Excel Formulas and Functions to Analyze Inventory for a Retail Store

Excel Formulas to Analyze Inventory

Excel Formulas to Analyze Inventory

My friend, Alan Friedman, is a CPA and Partner in Friedman Kannenberg and Company, PC. I have been using one of the Excel Worksheets that Alan developed to teach retail store owners and managers how to analyze their inventory. In this lesson, I demonstrate how to write and copy the Excel formulas needed to perform this analysis.

Excel Formulas for Analyzing Inventory

Many retailers use a Point-of-Sale (POS) System that can generate three numbers: Sales by Product Category, Cost of Goods Sold (COGS) by Product Category and Average Inventory by Product Category. Taking these three numbers – also known as “hard-coded” values – you can use Excel Formulas to give you:

  • Gross Profit Dollars (Sales minus COGS)
  • Gross Profit Percentage (Gross Profit Dollars divided by Sales)
  • Inventory Turns (COGS divided by Average Inventory)
  • Product Category Sales as a Percentage of Total Sales (Category Sales divided by Total Sales) – Use an Absolute Cell Reference
  • Inventory by Category as a Percentage of Total Inventory – (Inventory by Category divided by Total Inventory) – Use an Absolute Cell Reference
  • Gross Margin Return on Inventory (GMROI) – (Gross Profit Dollars divided by Average Inventory)

Tips for Entering and Copying Excel Formulas

As I demonstrate in this tutorial, you can write and copy an Excel Formula in one step when you first select the cells to receive the formula and use the Ctrl + Enter Keyboard Shortcut to complete the formula. Instead of clicking on the AutoSum Command or writing =SUM(), use the Alt + = (equal sign) to sum up the values in the adjacent range of cells.

Learn to Improve Your Excel Skills

If you want to learn how to create and use more Excel Formulas and Functions, I have created the Best-selling DVD-ROM, “The 50 Best Tips for Excel 2007.” You can learn more about this resource by visiting my secure online shopping website – http://shop.thecompanyrocks.com

Watch Tutorial in High Definition

I produce my Excel Tutorials in High Definition. Follow this link to view this lesson on my YouTube Channel – DannyRocksExcels

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February 2, 2012 Leave a Comment

The Basics for Creating and Copying Formulas and Functions in Excel

Relative and Absolute Cell References

Relative and Absolute Cell References

Formulas and Functions are the “core elements” of Excel. It is vital that you have a solid grounding in understanding how formulas and functions work; especially when you need to copy and paste them into other cells.

Relative and Absolute Cell References

When you use Relative Cell References – the default setting in Excel – the Row numbers and Column letters adjust automatically when you copy and paste a formula.

There are, however, situations where you need to “freeze in place” part of an Excel Formula. For example, you need to “freeze” or use an Absolute Cell Reference to the cell with “Total Sales,” when creating and copying a formula to determine Product Sales as a Percentage of Total Sales.

Copying Excel Formulas

In this tutorial, I demonstrate two methods for copying and pasting formulas and functions:

  • Standard Practice is to select the cell with the formula and use the Ctrl + C Keyboard Shortcut to place the formula cell on the Excel clipboard. Then, after selecting the destination cell(s), use the Ctrl + V Keyboard Shortcut to paste the formula in the new location(s)
  • AutoFill Tool.If you are copying the formula cell into adjacent cells, use the AutoFill tool to do this quickly and accurately!

Tips that You May Not Know

In my experience, many Excel veterans are not familiar with these tips and tricks which I demonstrate in this tutorial:

  • The Ctrl + ~ (tilde) Keyboard Shortcut to “toggle” the Show Formulas view for the active Excel Worksheet.
  • The Alt + Enter Keyboard Shortcut to automatically use the =SUM() Function – for adjacent cells.
  • The F4 Key to automatically add Absolute Cell Reference when creating or editing a formula. For example, converts A1 to $A$1.

Learn More Excel Tips and Tricks

50 Best Tips for Excel 2007

50 Best Tips DVD-ROM

If you enjoy the tips and techniques that I demonstrate in this lesson, then you will really benefit from purchasing my best-selling DVD-ROM, “The 50 Best Tips for Excel 2007.” You can learn more about the resources that I offer by visiting my secure online shopping website – http://shop.thecompanyrocks.com

Watch Tutorial in High Definition

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July 7, 2011 1 Comment

Use Excel’s AutoFill Options and Formulas to Increment a Series of Dates

Excel AutoFill Options

Excel AutoFill Options

I begin this Excel Video tutorial by first, demonstrating how to use Excel’s AutoFill Options to increment a series of dates. Some of these AutoFill Options are:

  • Fill Weekdays Only (Monday through Friday)
  • Copy Formatting Only
  • Increment by Adding one month to the previous cell
  • Increment by Adding one year to the previous cell

Here’s a Tip: If you use your Right-mouse button to AutoFill a series, a menu of options will pop up automatically when you release the mouse. Try it!

Excel Functions and Formulas to Increment a Series of Dates

Two of my favorite Excel Date Functions are part of the “Analysis ToolPak” Add-in:

  1. The EDATE() Function – returns a “serial number” for a Month that is X number of months away from the starting date.
  2. The EOMONTH() Function – is similar to EDATE. However, it always returns the last Calendar Day of the Month that is X  number of months away from the starting date.

In Excel 2007 and Excel 2010, the Analysis ToolPak Add-in is activated by default. In this video, I demonstrate how to activate it if you are using Excel 2003 or older.

Other Functions Used in this Video Tutorial

  1. The DATE() Function. Remember that if you use this function to increment by one-year intervals that you need to “nest” the Year(), Month() and Day() functions in the arguments. This is a “tricky” function to use.
  2. The WEEKDAY() Function. In the video, I nest this function inside an IF() Function in order to get a series of dates that include Monday through Friday only!

Related Video Tutorial

My next video in this series demonstrates how to use Formulas to increment a series of times by “minutes” or by “hours.”

Watch This Video in High Definition

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Shop for Excel Training Resources

Shop for The 50 Best Tips for Excel 2007

Shop for The 50 Best Tips for Excel 2007

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Get my best-selling DVD-ROM, “The 50 Best Tips for Excel 2007” for only $39.95!

 

How to use Excel's AutoFill Options and Formulas to Increment a Series of Dates [ 11:21 ] Play Now | Play in Popup | Download (1637)
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