by David Ringstrom,CPA
Sometimes in Excel you may want to perform an analysis based on specific criteria. For instance, if I wanted to sum only the data in Figure 1 based on the month being equal to January, SUMIF would work. I could use COUNTIF to count the number of transactions in January, or in Excel 2007 and later use the AVERAGEIF function to average January’s sales. However, what if I want to determine the largest amount for just the month of January? Although there’s not a ready-made function, like MAXIF, I can easily adapt the MAX function to accomplish this.
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About the author:
David H. Ringstrom, CPA, heads up Accounting Advisors, Inc., an Atlanta-based software and database consulting firm providing training and consulting services nationwide. Contact David at david@acctadv.com or follow him on Twitter. David speaks at conferences about Microsoft Excel and presents webcasts for several CPE providers, including AccountingWEB partner CPE Link.
