SUMIF and SUMIFS function is used to add data or seperate data in a table or column. We dicuss the difference and how to use them.

Here are the 17 most useful accounting functions in Microsoft Excel to make financial data monitoring and reporting easier and faster.

Learn how to use Excel FILTER, XLOOKUP, and SUMIFS functions to streamline workflows and make smarter data-driven decisions.

TL;DR Key Takeaways : Excel’s database functions offer a more flexible and efficient alternative to traditional methods like SUMIFS, especially for handling multiple criteria.

SUM () Function Excel calculates the gross profit by using a combination of functions. The SUM () function adds values together in a column or row.

The SUMIF function provides a quick and simple way to create a sum based on a specific criterion, such as the type of audit.

These functions calculate a result, which is an aggregate of the range. For example, SUM (A1…A25) calculates the total of the cells 1 through 25 in the A column of the spreadsheet.

Summing only the positive or negative values in the same range of values only sounds difficult. Fortunately, the SUMIF() function can handle both.