# Category: Formulas

## 3D Referencing & External Reference in Excel

Creating 3D referencing in Excel within a formula involves referring to the same cell or the same range of cells, on different worksheets. Each of the sheets, one is using, to create the 3D...

## How to use the TODAY() and NOW() Functions in Excel

The TODAY() Function is used to determine the current date, as in the date one is actually opening the workbook. This function updates automatically, so let’s say you open the workbook on 1 April...

## How to Use the FORMULATEXT Function in Excel

The FORMULATEXT Function is a new Excel function, which was introduced in Excel 2013 and later versions of Excel. Using the FORMULATEXT Function will allow you to select any cell containing a formula and...

## The Different Ways of Counting in Excel

There is a total of five functions used for counting, predominantly in Excel. These are namely the COUNT Function, the COUNTA Function, the COUNTIF Function, the COUNTIFS Function and the COUNTBLANK Function. The COUNT...

## Calculate Depreciation in Excel (Straight Line, Double Declining…)

An asset is defined as a resource with an inherent economic value that is owned by an individual, corporation or country which will yield future economic benefit. Accountants list assets on balance sheets, in...

## Best 39 Excel Book for Advanced Users [Ultimate Resource]

So, you know your SUM formula, you also know how to use the COUNTIF function. In addition, you are the go-to person at your office, when basic or intermediate level Excel help is needed....

## Nominal Interest Rate vs. Effective Interest Rate Excel Formulas

There are different types of interest rates and it is prudent for every investor or potential investor to know the differences between interest rates. The nominal interest rate is the simplest of the interest...

## The FVSCHEDULE Excel Function

We have already seen how to use the FV (Future Value) Function to calculate the future value of an investment with a constant or fixed interest rate, in a previous tutorial. Let’s remind ourselves...

## Best 78 Excel Training Books for Beginners, Data Analysis & Advanced Users

Videos, podcasts, kindle versions of books and online courses are the trend now. So, do you still need a book to learn Excel? Yes! Of course! You still need Excel books. When I started using...

## How to Use the Excel MIRR Function

We have already seen how to use the IRR (Internal Rate of Return) Function in a previous tutorial. The IRR Function is used to calculate the internal rate of return for a series, of...

## XIRR vs IRR – How to Calculate IRR and XIRR in Excel

The IRR (Internal Rate of Return) Function is used to calculate the internal rate of return for a series, of given periodic cash flows. These cash flows do not have to be even, though...

## Calculating the Rate an Investment Achieves Using the RRI Function

We have already seen how to use the PV Function, the FV Function and the PDURATION Function in a previous tutorial. We have also seen how to calculate NPV and XNPV and the difference...

## How to Calculate NPV (Net Present Value) in Excel Using XNPV vs NPV!

In this tutorial, you will learn how to calculate the net present value using Excel’s NPV and XNPV Functions. The NPV (Net Present Value) Function is used to calculate the net present value of...

## How to Use FV, PV and PDURATION Functions in Excel

The PV Function, FV Function, and PDURATION Function are all extremely useful financial functions. Excel PV Function Syntax The Present Value (PV) Function is used to calculate the present value of a loan or...

## How to Use the CONVERT Function in Excel and creating a BMI Calculator template

The CONVERT function is an extremely useful and relatively unknown Excel function. It converts a number from one unit of measurement to another unit of measurement. The CONVERT function can convert between units of...