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Excel Formulas Banking Use

The document provides a list of important Excel formulas and their applications, particularly for banking and office tasks. It includes formulas for calculations, data management, and reporting, such as SUM, AVERAGE, IF, VLOOKUP, and others. Each formula is accompanied by an example of its use in a financial context.

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Sameer Channa
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293 views1 page

Excel Formulas Banking Use

The document provides a list of important Excel formulas and their applications, particularly for banking and office tasks. It includes formulas for calculations, data management, and reporting, such as SUM, AVERAGE, IF, VLOOKUP, and others. Each formula is accompanied by an example of its use in a financial context.

Uploaded by

Sameer Channa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Excel Formulas & Their Usage

Here's a handy list of important Excel formulas along with their uses, especially useful for banking

and office tasks like tracking transactions, managing customer data, and reporting.

Common Excel Formulas & Their Uses:

=SUM(A1:A5) -> Adds values in a range - e.g., total deposits.

=AVERAGE(B1:B5) -> Calculates average - e.g., average monthly balance.

=IF(A1>1000, "High", "Low") -> Logic test - e.g., flag large transactions.

=COUNT(A1:A10) -> Counts numeric cells - e.g., number of transactions.

=COUNTA(A1:A10) -> Counts non-empty cells - e.g., customer entries.

=VLOOKUP(101, A2:C10, 2, FALSE) -> Finds data in a table - e.g., search customer name.

=HLOOKUP("Jan", A1:F2, 2, FALSE) -> Looks across a row - e.g., find January sales.

=NOW() -> Current date & time - e.g., timestamp in forms.

=TODAY() -> Current date only - e.g., for reports.

=ROUND(A1, 2) -> Rounds to decimals - e.g., interest rates.

=MAX(A1:A5) -> Finds highest value - e.g., highest deposit.

=MIN(A1:A5) -> Finds lowest value - e.g., smallest withdrawal.

=CONCAT(A1, " ", B1) -> Joins text - e.g., combine first and last name.

=LEN(A1) -> Counts characters - e.g., for ID formatting.

=LEFT(A1, 5) -> Extracts first characters - e.g., account number prefix.

=RIGHT(A1, 4) -> Last characters - e.g., CNIC last digits.

=TRIM(A1) -> Removes extra spaces - e.g., clean data.

=PROPER(A1) -> Capitalizes first letters - e.g., proper names.

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