Top Excel Formulas – Ramey Consulting
Hi all, in this post, I wanted to detail the top Excel formulas that I have created along with the purpose of those formulas.
I have created these formulas for Financial Modeling purposes. The goal whenever I create a model is to have it automated, seamless, and easy to use/understand.
I will update this as I create new formulas. Remember that if we can ever help your company with consulting in the financial modeling sector, please contact us today.
Index Formula for Multiple Criteria
- Allows for bringing in a value based on multiple criteria. Ideal for reports where there is one unique lookup value but multiple criteria associated with that value.
If-then statement for recognizing issues with cash flow forecasting
- Allows for the flagging of data in a report for certain projects that are at risk for being pushed beyond a certain date. In this case it was billings beyond a specific quarter time period.
Indirect formula for referencing specific sheet within a document
- Allows for importing of tabs and referencing cells w/ simply changing one variable. In this case, pulled a report in accounting software, imported it into the template, named the tab, then merely filled in the tab name in D1, which brought in all the corresponding data into the report.
Labeling Formula for Table
- Brought in values for an established pivot table based off of legend. Previously, the team was labeling each person individually. With this formula, it looks up the value against the table, and doesn’t change the value until a new value is hit, then it will re-look up the value.
Sumifs for Multiple Criteria
- Utilized this formula for summing up totals in a financial report from a separate tab. The goal was to have one main location to enter orders and have the data feed into the reporting totals.
Formula to reference a table
- This formula was written for a financial report that was based off data that was imported from a separate system. Previously, the report was copy/pasted into the document, which caused a lot of headaches in trying to manually line up values then consistently error checking. This formula allows the user to import the tab, set a table range, then change the referenced table to bring in new values.