By Andre Odnoha
The Cookbook structure capability every one method is defined with step by step directions, and you'll leap directly to the concepts you wish. You won't have to learn this booklet from begin to end so one can get worth out of it. This booklet is for anyone who desires to use Excel to control their sales, budgets, and different financials. It's specially compatible for small companies that already use Excel and wish to get extra from it.
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Additional resources for Excel 2010 Financials Cookbook
While still entering the formula, click on the Monday tab and select all of the cells from B2 through D11 (this is the full range of data minus the column headings). After selecting the cells enter a comma (,), the number 3, and close the parenthesis. $B$2:$D$11,3) 1. Continue to add to the formula for each daily tab. $B$2: $D$11,3) 2. Complete the formula by entering Wednesday's VLOOKUP function and press enter. $B$2:$D$11,3)) 3. With the formula completely entered into D2, copy the formula down the column until cell D11: 46 Chapter 2 How it works...
The data is now displayed in the format of 4-digit year, 2-digit month, and 2-digit day, separated by a period: 29 Normalizing Financial Data within Excel How it works... The custom formatting option allows Excel to modify the format used. Using mm signifies month, dd day, and yyyy a 4-digit year. In the text, the month, day, and year are separated by a period. There's more... You can change the formatting methodology by altering the naming convention. For example, to list the date in the following format, 3-14-10, enter the formatting as m-d-yy.
How it works... The formula works by utilizing the DATEDIF function to calculate the number of days from one date to another. In this instance, it is the number of days between the proposed early pay date and the final pay date: DATEDIF(A6,$A$7,"d") Once the number of days has been calculated, this is multiplied by three, to compound $3 for every day early in payment: DATEDIF(A6,$A$7,"d")*3 Finally, the compounded discount is subtracted from the total payment amount in cell B7: =$B$7-(DATEDIF(A6,$A$7,"d")*3) There's more...