Book Image

Excel 2010 Financials Cookbook

By : Andre Odnoha
Book Image

Excel 2010 Financials Cookbook

By: Andre Odnoha

Overview of this book

<p>Excel is one of the mostused software tools in the world and just about every business has a copy somewhere. Despite its power and flexibility it is not always clear how to use it to perform some of the most important tasks in any business: organizing, analysing, and presenting financial information.<br /><br />Excel 2010 Financials Cookbook contains a rich collection of useful techniques for handling financial data in Excel. From integrating data from a variety of different sources, through organazing and analyzing financial data, to presenting it in a variety of graphical forms, this book has you covered.<br /><br />The book deals first with "normalizing" financial data -- that is, bringing data from a number of different sources into a single format where you can analyze them together. Then you'll learn techniques for managing and analyzing the data before discovering ways to present it graphically. The book then looks at Excel's built in features for financial analysis, and even shows how you can combine the built in features to build your own analysis functions.</p>
Table of Contents (14 chapters)
Excel 2010 Financials Cookbook
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Calculating total sales by day of the week


Sales transactions are almost always provided in list form with a date indicating when the transaction was completed. When analyzing sales staff efficiencies and other reporting tasks, calculating total by day of the week is especially helpful.

In this recipe, you will learn how to create an Excel formula that will total sales and display by day of the week.

Getting ready

The worksheet that will be used for calculations is laid out with transaction dates in column A and the corresponding transaction amount in column B. Moving horizontally from cell D2, the column labels Monday, Tuesday, Wednesday, Thursday, and Friday are listed to represent the average work week, and the heading for the calculating payment total.

How to do it...

We will begin by evaluating whether a date falls on a weekday or weekend, and calculate totals accordingly.

  1. 1. Beginning in cell D3, enter the following formula:

    =SUM(IF(WEEKDAY($A$3:$A$11,1)=2,$B$3:$B$11))

    Note

    It is extremely...