The Sumifs function in Excel is a powerful tool that can help save time and make calculations more efficient. It is an advanced version of the Sumif function, which allows users to add the values of cells in a range that meet multiple criteria. This function can be especially helpful when you need to add the values of cells that meet certain criteria from multiple ranges. With the Sumifs function, you can quickly calculate sums for different sets of data without having to manually enter each individual criteria. In this blog post, we will discuss the Sumifs function in Excel, the syntax, how to set up the function, the different criteria and functions you can use, and some tips and tricks for implementing the Sumifs function in Excel.
The Excel SUMIFS Function
When to use the SUMIFS function
In essence, you need to use the SUMIFS function when adding a range of data in your spreadsheet using multiple criteria rather than just one. Its also beneficial to use the function when:
What is the SUMIFS function in Excel?
The SUMIFS function in Microsoft Excel adds all the cells you choose from a data range. The SUMIFS command, as opposed to the SUMIF function, enables you to sum ranges with more than one criteria. Because of this, using the function to quickly calculate multiple data values in an Excel worksheet is especially useful. Apply the syntax =SUMIFS(sum_range, criteria_range1, criteria1, [criteria_range(n), criteria(n)], to use the function. ), where:
How to use the SUMIFS function
The SUMIFS command and the subsequent steps can be used to assess your data in an Excel spreadsheet:
1. Enter and arrange the data
Import and organize your data in a new worksheet. Utilize columns to order your data groups based on the data you are analyzing. For instance, a column for the asset type, value, and date of realization could be used by an accountant to analyze the current assets of a business. Columns A, B, and C in this example would contain the business data that the accountant assesses.
2. Determine the cell ranges
If you’re adding data from multiple data ranges, make a note of the formula’s cell signifiers. For instance, the two cell ranges would include both columns if a sales manager wanted to compare the total sales revenue for one period against the total revenue for another period. The manager specifies the cell ranges for columns A and B as (A2:A35;B2:B35) in the syntax.
3. Identify the corresponding criteria
Apply the criteria to each set of data you are summing. There are corresponding criteria that you set for measuring each cell range and condition for each cell range. The first range-criteria set is required for the SUMIFS function to support up to 127 pairs of criteria and ranges. Consider setting criteria for the total annual investment returns over the first five years of a 10-year investment at 4% and at 4%, respectively. 5% for the second half.
Cells in one column of your worksheet would meet the criteria for the first range, and cells in another column would meet the criteria for the second range. Therefore, when you enter the syntax into the worksheet, your criteria ranges would include all cells within columns C and D if you have values for return estimates in columns A and B and each corresponding year in columns C and D.
4. Apply the function command
Choose an empty cell in a different column and enter the SUMIFS command once you’ve determined the range of data and corresponding criteria you want to include in your sum calculation. As an illustration, let’s say you want to add up the points you receive for finishing each assignment over the course of a year.
If each assignment’s data values are in cells A2 through A97 and you only want to calculate the values for the “Homework” labels that appear in the “Assignment name” column in cells B2 through B97, then you can do so. The syntax for the SUMIFS function gives you the result =SUMIFS(A2:97, B2:B97″Homework”).
Tips for using Excel sum functions
When using Excel’s SUMIFS formula, keep the following suggestions in mind:
The spreadsheet used by Uptown Construction Supply’s bookkeeper to track its accounts receivable contains a list of all unpaid invoices from the company’s clients. The SUMIFS command is used to determine all outstanding accounts for each 30-day period in the spreadsheet, assuming the bookkeeper is reviewing this year’s records for each payment period of 30, 60, and 90 days.
Please take note that none of the businesses mentioned in this article are related to Indeed. *Account value****Accounting period**Formula*$1,200January-February*$3,200January-March=SUMIFS(A2:A7,B2:B7,”January-February”) = $5,300$2,000January-March**$1,800January-February*$2,300**January-February$1,500**April-June
How do you use the Sumifs function in Excel?
For instance, the expression =SUMIFS(A2:A9, B2:B9, “=A*”, C2:C9, “To?”) will add all instances where the name starts with “To” and ends with a potential different letter. Understand the difference between SUMIF and SUMIFS. The order of arguments differ between SUMIFS and SUMIF.
What does Sumifs mean in Excel?
Description. Based on one or more criteria, the Microsoft Excel SUMIFS function adds all numbers in a range of cells. The built-in Excel function known as SUMIFS is categorized as a Math/Trig Function. In Excel, it can be used as a worksheet function (WS).
What is the difference between Sumif and Sumifs formulas?
Based on a single criterion (a result that meets a single condition), the SUMIF formula returns the sum of cells. The SUMIFS function, however, returns the total of the cells that satisfy various criteria. In both functions, the criteria can be expressed as dates, numbers, or text.
How do I do a Sumif with multiple criteria in Excel?
Excel’s SUMIFS function’s syntax and usage are as follows: SUMIFS(sum_range, criteria_range1, criteria1, [criteria_range2, criteria2],…) The first three arguments are required, but additional ranges and the criteria they are associated with are optional. sum_range – one or more cells to sum, required.