17 best excel functions for financial professionals
Categories- Function Category 📊MathematicalOperation Type 🔧CalculationRequired Arguments Count 🔢2For whom 👥Data Analysts & Financial ProfessionalsPros ✅Powerful For Array Calculations, Handles Multiple Arrays, Powerful Array Handling and FlexibleCons ❌Complex Syntax For Beginners, Limited To Numeric Data, Complex Syntax and Performance Intensive
- Function Category 📊MathematicalOperation Type 🔧CalculationRequired Arguments Count 🔢2For whom 👥Data Analysts & Financial ProfessionalsPros ✅Precise Control, Consistent and UniversalCons ❌Limited Decimal Places & No Rounding Options
- Function Category 📊Date & TimeOperation Type 🔧CalculationRequired Arguments Count 🔢2For whom 👥Financial Professionals & AccountantsPros ✅Reliable For Financial Reporting & Month-End ProcessingCons ❌Limited To Month-End Dates & Requires Date Serial Numbers
- Function Category 📊FinancialOperation Type 🔧CalculationRequired Arguments Count 🔢3For whom 👥Financial Professionals & AccountantsPros ✅Accurate Calculations, Industry Standard and ReliableCons ❌Negative Number Output & Complex Parameters
- Function Category 📊Date & TimeOperation Type 🔧InformationRequired Arguments Count 🔢1For whom 👥Data Analysts & Financial ProfessionalsPros ✅Consistent Results & Easy To UseCons ❌Single Purpose & Basic Output
- Function Category 📊Lookup & ReferenceOperation Type 🔧RetrievalRequired Arguments Count 🔢3For whom 👥Data Analysts & Financial ProfessionalsPros ✅Powerful With MATCH, Flexible Lookup, Very Flexible, Fast Performance, Powerful and FlexibleCons ❌Complex Syntax, Requires Understanding, Complex For Beginners, Requires Understanding Of Arrays and Learning Curve
- Function Category 📊MathematicalOperation Type 🔧CalculationRequired Arguments Count 🔢3For whom 👥Financial Professionals & Data AnalystsPros ✅Multiple Condition Support, Array Handling and Efficient ProcessingCons ❌Requires Sorted Data & Limited To Numbers
- Function Category 📊Date & TimeOperation Type 🔧InformationRequired Arguments Count 🔢1For whom 👥Data Analysts & Financial ProfessionalsPros ✅Simple To Use & Reliable OutputCons ❌Single Purpose & Limited Flexibility
- Function Category 📊Date & TimeOperation Type 🔧InformationRequired Arguments Count 🔢1For whom 👥Data Analysts & Financial ProfessionalsPros ✅Straightforward & ReliableCons ❌Limited Functionality & Single Purpose
- Function Category 📊TextOperation Type 🔧ConversionRequired Arguments Count 🔢1For whom 👥Financial Professionals & AccountantsPros ✅Easy Formatting, Professional Output and ConsistentCons ❌Limited Currency Options & Fixed Format
- Function Category 📊StatisticalOperation Type 🔧CalculationRequired Arguments Count 🔢2For whom 👥Data Analysts & Financial ProfessionalsPros ✅Flexible Criteria Selection, Multiple Condition Support, Easy To Understand, Multiple Conditions Support, Flexible Range Selection, Easy To Use With Multiple Criteria and Versatile For Complex AnalysisCons ❌Complex Syntax, Limited Data Type Support, Can Be Slow With Large Datasets, Limited To Numeric Values Only, Limited To Numerical Data Only and Requires Careful Range Selection
- Function Category 📊MathematicalOperation Type 🔧CalculationRequired Arguments Count 🔢3For whom 👥Financial Professionals, Accountants and Data AnalystsPros ✅Multiple Conditions, Accurate Calculations, Flexible For Multiple Criteria, Handles Large Datasets, Easy To Understand, Multiple Conditions Support, Accurate Results, Flexible, Versatile Conditional Summing, Supports Multiple Criteria, Powerful For Multiple Criteria and Flexible ConditionsCons ❌Complex For Beginners, Needs Sorted Data, Complex Syntax For Beginners, Limited To Sum Operations, Performance Issues With Large Ranges, Cannot Use OR Conditions, Complex Syntax, Can Be Slow With Large Datasets, Limited To Sum Operation Only and Requires Sorted Data
- Function Category 📊FinancialOperation Type 🔧InformationRequired Arguments Count 🔢2For whom 👥Financial Professionals & AnalystsPros ✅Real-Time Data, Historical Prices, Automatic Updates and Comprehensive InfoCons ❌Subscription Required & Internet Dependent
- Function Category 📊StatisticalOperation Type 🔧CalculationRequired Arguments Count 🔢3For whom 👥Financial Professionals, Data Analysts and ScientistsPros ✅Statistical Accuracy, Trend Analysis, Professional, Scientific Prediction and Based On Historical DataCons ❌Assumes Linear Relationship, Complex Setup and Sensitive To Outliers
- Function Category 📊DatabaseOperation Type 🔧AggregationRequired Arguments Count 🔢3For whom 👥Financial Professionals & Data AnalystsPros ✅Powerful Database Calculations & Complex Criteria SupportCons ❌Complicated Syntax & Requires Database Structure
- Function Category 📊MathematicalOperation Type 🔧CalculationRequired Arguments Count 🔢2For whom 👥Data Analysts & Financial ProfessionalsPros ✅Easy To Use, Versatile For Filtering Sums and Clear SyntaxCons ❌Limited To Single Condition & Can Be Slow With Large Datasets
- Function Category 📊Lookup & ReferenceOperation Type 🔧RetrievalRequired Arguments Count 🔢4For whom 👥Data Analysts & Financial ProfessionalsPros ✅Flexible Horizontal Search & Good For Wide DatasetsCons ❌Limited To Horizontal Data & Less Common Than VLOOKUP
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Facts about best excel functions for financial professionals
- SUMPRODUCT
- SUMPRODUCT belongs to the Mathematical category.
- SUMPRODUCT performs Calculation operations.
- SUMPRODUCT needs 2 required arguments
- The target audiences for SUMPRODUCT are Data Analysts,Financial Professionals..
- ROUND
- ROUND belongs to the Mathematical category.
- ROUND performs Calculation operations.
- ROUND needs 2 required arguments
- The target audiences for ROUND are Data Analysts,Financial Professionals..
- EOMONTH
- EOMONTH belongs to the Date & Time category.
- EOMONTH performs Calculation operations.
- EOMONTH needs 2 required arguments
- The target audiences for EOMONTH are Financial Professionals,Accountants..
- PMT
- PMT belongs to the Financial category.
- PMT performs Calculation operations.
- PMT needs 3 required arguments
- The target audiences for PMT are Financial Professionals,Accountants..
- MONTH
- MONTH belongs to the Date & Time category.
- MONTH performs Information operations.
- MONTH needs 1 required arguments
- The target audiences for MONTH are Data Analysts,Financial Professionals..
- INDEX
- INDEX belongs to the Lookup & Reference category.
- INDEX performs Retrieval operations.
- INDEX needs 3 required arguments
- The target audiences for INDEX are Data Analysts,Financial Professionals..
- MAXIFS
- MAXIFS belongs to the Mathematical category.
- MAXIFS performs Calculation operations.
- MAXIFS needs 3 required arguments
- The target audiences for MAXIFS are Financial Professionals,Data Analysts..
- YEAR
- YEAR belongs to the Date & Time category.
- YEAR performs Information operations.
- YEAR needs 1 required arguments
- The target audiences for YEAR are Data Analysts,Financial Professionals..
- DAY
- DAY belongs to the Date & Time category.
- DAY performs Information operations.
- DAY needs 1 required arguments
- The target audiences for DAY are Data Analysts,Financial Professionals..
- DOLLAR
- DOLLAR belongs to the Text category.
- DOLLAR performs Conversion operations.
- DOLLAR needs 1 required arguments
- The target audiences for DOLLAR are Financial Professionals,Accountants..
- AVERAGEIFS
- AVERAGEIFS belongs to the Statistical category.
- AVERAGEIFS performs Calculation operations.
- AVERAGEIFS needs 2 required arguments
- The target audiences for AVERAGEIFS are Data Analysts,Financial Professionals..
- SUMIFS
- SUMIFS belongs to the Mathematical category.
- SUMIFS performs Calculation operations.
- SUMIFS needs 3 required arguments
- The target audiences for SUMIFS are Financial Professionals,Accountants..
- STOCKHISTORY
- STOCKHISTORY belongs to the Financial category.
- STOCKHISTORY performs Information operations.
- STOCKHISTORY needs 2 required arguments
- The target audiences for STOCKHISTORY are Financial Professionals,Analysts..
- FORECAST
- FORECAST belongs to the Statistical category.
- FORECAST performs Calculation operations.
- FORECAST needs 3 required arguments
- The target audiences for FORECAST are Financial Professionals,Data Analysts..
- DSUM
- DSUM belongs to the Database category.
- DSUM performs Aggregation operations.
- DSUM needs 3 required arguments
- The target audiences for DSUM are Financial Professionals,Data Analysts..
- SUMIF
- SUMIF belongs to the Mathematical category.
- SUMIF performs Calculation operations.
- SUMIF needs 2 required arguments
- The target audiences for SUMIF are Data Analysts,Financial Professionals..
- HLOOKUP
- HLOOKUP belongs to the Lookup & Reference category.
- HLOOKUP performs Retrieval operations.
- HLOOKUP needs 4 required arguments
- The target audiences for HLOOKUP are Data Analysts,Financial Professionals..