Excel Formulas for Finance

If you are in finance, you have all in your hands, just need an idea how to apply, and simply learn a technique.

These some ideas you can use some formulas for practical cases:

💡 SUMIFS

Aggregate departmental expenses based on category & period.

Sum revenue by product, region, or time period

💡 COUNTIF

Identify how many months exceeded budgeted expenses.

💡 VLOOKUP

Pull actual vs. budget data for variance analysis.

💡 XLOOKUP

Fetch latest financial figures dynamically from reports.

Match department codes to cost centers without worrying about column order

💡 IFS

Categorize costs automatically (e.g., "High" for expenses > $100K)

💡 EOMONTH

Automatically set month-end dates for forecasts & financial reports.

💡 NPV

Evaluate long-term project profitability by discounting cash flows.

💡 FV

Forecast future cash balances for treasury planning.

💡 PV

Assess the present value of lease payments in CapEx planning.

💡 IRR

Determine return on investment for capital budgeting decisions.

Compare different projects to determine the most profitable investment based on IRR.

💡 INDEX & MATCH – Flexible cost allocation in financial models.

💡 IF

Create dynamic financial statement assumptions based on conditions.

💡 IFERROR

Prevent calculation errors when pulling incomplete data.

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