Whether you’re working with a current version of excel or excel from the past, all excel formulas are the same. All excel versions have one common goal and that is to make you more efficient in the job that you do. Whether you’re in finance/accounting and use excel on a daily basis or you use excel to track your monthly expenses, anyone that needs to calculate numbers can use excel to make them more efficient and effective at their task at hand. We’ve provided some of the more common excel formulas that people use to hopefully improve their overall excel skill level.
More common excel formulas include excel addition, subtraction, and multiplication, while more intermediate formulas include vlookups, sumif, and pivot tables.
Knowing excel formulas will greatly improve your overall excel experience and will increase your overall efficiency. If you’re working with a small or large data amount, you’ll still be able to use excel formulas and functions to get an answer that you need.
Common excel formulas include the following:
With a quick excel formula, you can easily find an answer to how much your monthly bills are to how much your company will generate in revenue. Whatever the case, excel formulas can easily be used to provide you will quick answers.
Excel was created in 1987 and the functions used then are essentially the same as the functions in today’s current excel version. Today’s excel is cosmetically appealing compared the past versions, but a user will get the same answer with any excel version.
History of the spreadsheet
Spreadsheets have been used by accountants for hundreds of years. Computerized or electronic spreadsheets are of much more recent origin. In the realm of accounting/finance jargon a "spread sheet" or spreadsheet was and is a large sheet of paper with columns and rows that organizes data about transactions for a business person to examine. It spreads or shows all of the costs, income, taxes, and other related data on a single sheet of paper for a manager to examine when making a decision.
An electronic spreadsheet organizes information into software defined columns and rows. The data can then be "added up" by a formula to give a total or sum. The spreadsheet program summarizes information from many paper sources in one place and presents the information in a format to help a decision maker see the financial "big picture" for the company.
Excel was one of the first spreadsheets to use a graphical interface with pull down menus and a point and click capability using a mouse pointing device. The Excel spreadsheet with a graphical user interface was easier for most people to use than the command line interface of PC-DOS spreadsheet products.
When Microsoft launched the Windows operating system in 1987, Excel was one of the first application products released for it. When Windows finally gained wide acceptance with Version 3.0 in late 1989 Excel was Microsoft's flagship product.