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Analyze Financial Data with SUMIF Function In Excel

Posted on Jul 21, 2021 | Hits: 3 | Stock No: #327837
 
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The SUM function in Excel is one of the most basic yet widely used functions in excel. However, as your business grows so does your financial data. To be more successful in business, you need to analyze your financial performance with specific criteria. Simply adding up sales, expenses, and employee hours no longer provides the answer you need to dig deeper into your financials. Enter the SUMIF function in Excel.

To do a little review about the SUM Functions in Excel, here’s a refresher guide on the key fundamentals of SUM functions in Excel.

The SUMIF function in Excel allows you to specify a condition or criterion that must be met first before Excel sums the numbers. It is a function in excel that allows you to do addition based on a condition. Sounds simple enough, right? But there’s more to it, understand it better with step by step SUMIF examples in Excel illustrated later below.

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