Compact mode
PMT vs SUMIFS
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesPMTSUMIFSOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsBoth*
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionBoth*- Financial ProfessionalsExcel functions essential for financial analysis and planning
- AccountantsExcel functions commonly used by accountants for financial tracking and reporting
SUMIFS
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
SUMIFS- Multiple Condition SumSUMIFS is known for Multiple Condition Sum.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
SUMIFS- Enhanced version of SUMIF
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
SUMIFS- When one condition isn't complicated enough
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyBoth*
Technical Details Comparison
Version Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.Both*- Excel 2019Excel functions that work specifically in Excel 2019 version
- Excel 2016Excel functions that work specifically in Excel 2016 version
- Excel 2013Excel functions that work specifically in Excel 2013 version
SUMIFS- Microsoft 365SUMIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform Click to see all.
- Excel OnlineSUMIFS is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform Click to see all.
- Excel 2007SUMIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version Click to see all.
- Excel 2010SUMIFS is compatible with Excel 2010 Excel functions that work specifically in Excel 2010 version Click to see all.
Operating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsBoth*Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyBoth*Required Arguments Type 📊
The data types accepted as valid input arguments for the functionBoth*- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
SUMIFS
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionBoth*- Accurate Calculations
PMTSUMIFS- Multiple Conditions
- Flexible For Multiple Criteria
- Handles Large DatasetsFunctions optimized for processing and analyzing large amounts of data efficiently Click to see all.
- Easy To UnderstandFunctions with clear and intuitive syntax that are simple to learn Click to see all.
- Multiple Conditions SupportExcel functions handling multiple conditions enable complex logical operations and flexible data filtering Click to see all.
- Accurate ResultsFunctions that provide precise and reliable computational results Click to see all.
- Flexible
- Versatile Conditional SummingExcel functions that can perform flexible conditional sum calculations based on multiple criteria Click to see all.
- Supports Multiple Criteria
- Powerful For Multiple Criteria
- Flexible Conditions
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
SUMIFS- Complex For Beginners
- Needs Sorted DataFunctions that only work correctly when the data is pre-sorted in a specific order Click to see all.
- Complex Syntax For Beginners
- Limited To Sum Operations
- Performance Issues With Large Ranges
- Cannot Use OR Conditions
- Complex Syntax
- Can Be Slow With Large DatasetsFunctions that process large amounts of data may significantly impact spreadsheet performance Click to see all.
- Limited To Sum Operation OnlyFunctions that can only add values without other mathematical operations Click to see all.
- Requires Sorted Data
Ratings Comparison
Alternatives to PMT
INDEX
Known for Advanced Data Retrieval📈 is more versatile than SUMIFS
⚙ performs better than SUMIFS
⭐ is rated higher than SUMIFS
COUNTIFS
Known for Multiple Criteria Counting📊 is easier to use than SUMIFS
📈 is more versatile than SUMIFS
⚙ performs better than SUMIFS
⭐ is rated higher than SUMIFS
MAXIFS
Known for Multiple Criteria Max📊 is easier to use than SUMIFS
⚙ performs better than SUMIFS
⭐ is rated higher than SUMIFS
SUM
Known for Basic Arithmetic Calculations📊 is easier to use than SUMIFS
⚙ performs better than SUMIFS
🛠 is more reliable than SUMIFS
⭐ is rated higher than SUMIFS
SUMPRODUCT
Known for Matrix Multiplication Calculations📊 is easier to use than SUMIFS
📈 is more versatile than SUMIFS
⚙ performs better than SUMIFS
🛠 is more reliable than SUMIFS
⭐ is rated higher than SUMIFS
COUNT
Known for Counting Numeric Cells📊 is easier to use than SUMIFS
⚙ performs better than SUMIFS
🛠 is more reliable than SUMIFS
⭐ is rated higher than SUMIFS