IF Function

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 Help & Resources Instruction
The IF Function allows you to retrieve results
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Table of Contents
IF
IFERROR
IFNA
SUMIFS
COUNTIFS
AVERAGEIFS
 Instructions
tion allows you to retrieve results based on a condition being
TRUE or false
et started, Click File > Save As > Download a Copy

of Contents
Conditional function for decision-making in Excel formulas.
Handles errors, returns an alternative value on failure.
Specifically handles #N/A errors in Excel.
Sums values based on multiple specified conditions.
Counts cells meeting multiple specified conditions
Averages values based on multiple specified conditions
INSTRUCTIONS
IF
Date Revenue Gross Margin Gross Margin > 50%
Jan-23 249,966 52% 1.00
Feb-23 64,016 92%
Mar-23 170,039 35%
Apr-23 101,886 67%
May-23 227,285 1%
Jun-23 279,519 9%
Jul-23 55,532 93%
Aug-23 110,475 99%
Sep-23 158,081 30%
Oct-23 70,173 17%
Nov-23 231,136 35%
Dec-23 176,975 14%

SOLVE THIS PROBLEM

INSTRUCTIONS
 IFERROR
Projected Revenue Projected Units Sold Forecasting Future Revenues
$ 75,229.00 $ 182,287 0.41
$ 139,425.00 $ 131,871 1.06
$ 246,053.00 $ - #DIV/0!
$ 142,018.00 $ 292,059 0.49
$ 254,787.00 $ 62,961 4.05

Sum #DIV/0!
SOLVE THIS PROBLEM
IFERROR
0.41
 IFNA
Departments
Advertising & Marketing
Software & Tech
Payroll
Other G&A

INSTRUCTIONS SOLVE THIS PROBLEM

 Budget
#N/A
$278,264
$296,796 Try above

$236,666
$298,998

SOLVE THIS PROBLEM

INSTRUCTIONS
 SUM

Date Revenue COGS Gross Profit

1/31/2023 165,000 57,750 107,250
2/28/2023 190,000 66,500 123,500
3/31/2023 170,000 59,500 110,500
4/30/2023 175,000 61,250 113,750
5/31/2023 185,000 64,750 120,250
6/30/2023 200,000 70,000 130,000
7/31/2023 175,000 61,250 113,750
8/31/2023 200,000 70,000 130,000
9/30/2023 180,000 63,000 117,000

Total 1,640,000
=SUM(K3:K12)

SUMIF
Cash Jan-23 Feb-23 Mar-23
Cash In 172,944
Cash Out 121,946
=SUMIF($K$22:$K$32,$J19,M$22:M$32)
Account Net Cash Jan-23 Feb-23 Mar-23
Revenue Cash In 165,000 190,000 170,000
COGS Cash Out 57,750 66,500 59,500
Gross Profit 107,250 123,500 110,500
Advertising & Marketing Cash Out 19,671 28,126 12,473
Software & Tech Cash Out 15,882 15,521 22,309
Payroll Cash Out 4,040 13,452 15,057
Other G&A Cash Out 24,603 11,913 13,865
Total Operating Expenses 64,196 69,012 63,704
Net Operating Income 43,054 54,488 46,796
Other Income / (loss) Cash In 7,944 7,264 3,522
Net Income 35,110 47,224 43,274

SUMIFS
Department Category Jan-23 Feb-23
Select → Engineering Payroll 14,021
=SUMIFS(N$39:N$44,$K$39:$K$44,$K36,$L$39:$L$44,$L36)
Account Department Category Jan-23 Feb-23
Software Consultants Engineering Payroll 14,021 59,485
 Travel Sales & MarketingTravel 70,941 66,471
Legal Fees G&A Payroll 36,245 1,145
Operations Salary G&A Payroll 21,824 12,419
Sales Software Sales & MarketingSoftware & Tech 57,293 37,718
Recruiting Fees Engineering Professional Fees 6,583 74,154

SOLVE THIS PROBLEM

 Mar-23

Mar-23
11,932
75,924
72,841
22,019
72,894
48,856
INSTRUCTIONS
 COUNTIFS
Date Budget Department
Jan-23 $164,204 Advertising & Marketing
Feb-23 $174,393 Software & Tech
Mar-23 $181,127 Payroll

Apr-23 $167,132 Other G&A

COUNT Result 4

COUNTIF
Condition Result

<$200,000 4

COUNTIFS
Condition 1 Condition 2 Result

<$200,000 Software & Tech 1

SOLVE THIS PROBLEM

INSTRUCTIONS
AVERAGEIFS
Account Jan-23 Feb-23 Mar-23
Advertising & Marketing 283,615 271,769 -
Software & Tech 238,074 248,763 198,360
Payroll 83,504 163,109 -
Other G&A 206,765 142,986 201,498

AVERAGE 202,990

SOLVE THIS PROBL

60100 Advertising & Marketing Advertising & Marketing 36,650
60200 Bank Charges & Fees Other G&A 39,220
60300 Conferences & Events Advertising & Marketing 41,677
60400 Dues & Subscriptions Software & Tech 34,556
60500 Insurance Other G&A 29,537

AVERAGEIF AVERAGEIF
Result Advertising & Marketing
Advertising & Marketing
39,164

AVERAGEIFS AVERAGEIFS
Result Other G&A
Other G&A
39,220
> 30,000 < 20,000

SOLVE THIS PROBLEM

 26,780 42,971
26,824 30,852
35,430 11,540
28,416 39,183
48,165 17,890

Result

Try above

Result

Try above