Top 5 Essential Excel Functions for Accountants

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Chapters:
00:00 Intro
01:07 Conditional Formatting
03:28 Xlookup
07:25 End of month
09:24 SumIf
10:15 Pivot Tables
In this video I explain most commonly used Excel Functions in my daily work as an Accountant.
-----------------------------------
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All views expressed on my channel are mine alone. Not intended as financial or professional advice

Пікірлер: 102

  • @henrymarroquin5294
    @henrymarroquin529420 сағат бұрын

    Thanks for the video Bill! Very helpful

  • @alexd6449
    @alexd644911 ай бұрын

    Very helpful video! I am preparing for my Junior Financial Controller interview and Your videos help to refresh my Excel knowledge.

  • @TheFinancialController

    @TheFinancialController

    11 ай бұрын

    Best of luck!

  • @shri2811
    @shri2811 Жыл бұрын

    Thanku for creating amazing content for accountants❤ I must say apart from bookish knowledge if someone wants to learn and grow in their accounting career this is the right place!

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Wow thanks a lot!

  • @Soulenergy31
    @Soulenergy3110 ай бұрын

    Great content Guru!! Include Ctrl + T!, Tables in Excel which is a hidden Gem 💎 💎 not usually used

  • @pooppyybuhhole
    @pooppyybuhhole9 ай бұрын

    That x lookup is incredibly convenient! Prior to the x look up being added, I would sometimes have to move the column data to be able to pull the right cells.

  • @ritafong8587
    @ritafong85877 ай бұрын

    Love all your videos!

  • @Epi_phyte
    @Epi_phyte Жыл бұрын

    I just chanced on your videos and i must testify that their top-notch. Please keep it up.

  • @georgegecer9049
    @georgegecer9049 Жыл бұрын

    Thanks Bill! Can use that today right away

  • @newmhelemish
    @newmhelemish Жыл бұрын

    You really do a great job. I would like to add from my point of view that Xlookup replacing index match. As you know, old version of office, there is no Xlookup. I am following you.. keep going 💪 good job 👏

  • @marcogiubar
    @marcogiubar6 ай бұрын

    Bravo! Veloce ed efficace

  • @alyaniali6829
    @alyaniali6829 Жыл бұрын

    Great video, and will applied it when searching for sampling

  • @danorion369
    @danorion369 Жыл бұрын

    Accountants unite. =)

  • @ragnadrabinowitz7629

    @ragnadrabinowitz7629

    9 ай бұрын

    accountants ASSEMBLE!!!

  • @nikki.r719
    @nikki.r7193 ай бұрын

    The XLOOKUP portion of the video was so nice & easy- thank you! 🤓

  • @TheFinancialController

    @TheFinancialController

    3 ай бұрын

    You’re welcome 😊

  • @laurennguyen2231
    @laurennguyen223110 ай бұрын

    I am glad I found your videos. You are a good instructor

  • @TheFinancialController

    @TheFinancialController

    10 ай бұрын

    I appreciate that!

  • @MRobie-fe8hd
    @MRobie-fe8hd Жыл бұрын

    Your videos are so helpful. I am starting a new job and they will be a life saver.!

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Best of luck!

  • @veronicasaufley1098
    @veronicasaufley1098 Жыл бұрын

    Loved the video! Are there any other formulas that could be used when reconciling balance sheet accounts? This was super helpful.

  • @Caramel1311
    @Caramel1311Ай бұрын

    You should have millions of followers! you're such a great tutor!

  • @TheFinancialController

    @TheFinancialController

    Ай бұрын

    Thank you! 😊

  • @rhodystudio7196
    @rhodystudio7196 Жыл бұрын

    Thank you so much!!

  • @AdeAde0224
    @AdeAde0224 Жыл бұрын

    Great job your video is pretty accurate for us auditors.

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Thank you!

  • @HarshaSakala
    @HarshaSakala Жыл бұрын

    I learnt xlookup today…. Thanks 🙏🏾

  • @7abillity
    @7abillity Жыл бұрын

    Awesome video!

  • @lawrencebrown8821
    @lawrencebrown8821 Жыл бұрын

    Love to see more videos like this

  • @soniacarrion3449
    @soniacarrion344916 сағат бұрын

    I like your videos, thank you so much 😊

  • @raidaislam3104
    @raidaislam310410 ай бұрын

    very helpful thank you Sir

  • @iloveyou33714
    @iloveyou33714Ай бұрын

    Thanks so much Sir, this is very helpful

  • @TheFinancialController

    @TheFinancialController

    Ай бұрын

    You are most welcome

  • @rukam3
    @rukam37 ай бұрын

    Thank you. Please do other Excel functions pertaining to FP&A roles. Thank you in advance

  • @kevinpark55
    @kevinpark55 Жыл бұрын

    Great content as always. I have an accounting career question though: I read your comment on another one of your videos that you usually like to move around jobs every five years. I like this idea because every accounting manager job in any accounting specialty (accounts payable, accounts receivable, audit, and tax) all seem to require at least (at bare minimum) 5 years in the specialty for the manager job to which one is applying. I am 40 with a Master's Degree in Accounting because I started late and just got my first accounting job in Accounts Receivable. I hope to get 5 years experience in A/R and then go on to 5 years in A/P before hopefully doing 5 years of staff accounting. But what accounting specialties do you recommend after that? Will I be equipped to be an accounting supervisor or manager by that time? I will be only 55 years old after 5 years in each of the 3 accounting specialties that I just mentioned. I hope to never retire as I enjoy working in general (as I have a very solid work ethic). So, what are your recommendations? Thanks for any help that you can provide. (By the way, I used to live where you live: meaning in Bergen County, NJ. Great place).

  • @sandyvargas8915
    @sandyvargas8915 Жыл бұрын

    This is so helpful! 🎉😊

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Glad you think so!

  • @KudzuCackalacky
    @KudzuCackalacky Жыл бұрын

    Very nice!

  • @emelinesome95
    @emelinesome9511 ай бұрын

    OMG!! Thank you very much for explaining it so clearly! 🥰 I was wondering why everyone said XLookup is better than VLookup : now I get it! Yes XlookUp is wonderful. 👍🏾 Also I did know about "end of the month". Thx However personnaly I also use a lot of TEXTE formulas : Concat ; TextAfter; TextBefore ; right; left; etc. If I may suggest to do an 2nd video which include more formula for no-number data analysis. Because nowdays software know how to analyze number as well, if not sometime better than us. But it still need to be improved little bit for no-number analysis. Thus I think in the future, in order to make the difference, accountants will have to analyze more no-number data. At least that's what I think, but I might guess it wrong.

  • @barbarapaong8266
    @barbarapaong82668 ай бұрын

    Thank you Sir.

  • @CPATuttle
    @CPATuttle Жыл бұрын

    Great insightful video brother

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Much appreciated

  • @user-wj2qi1tp8j
    @user-wj2qi1tp8j5 ай бұрын

    Thanks Bill 👍

  • @TheFinancialController

    @TheFinancialController

    5 ай бұрын

    You are very welcome

  • @920WIZCO
    @920WIZCO Жыл бұрын

    Great video Bill! Started dabbling more with excel over the last year, working on a few different excel certifications right now, but excited for the day where I feel more comfortable with it and start using it more. So many great features and excited to become a pro in it over the next few years as I stay in the finance/accounting world early next year!

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Brent I have no doubt you will ace it!

  • @jeffclion
    @jeffclion Жыл бұрын

    You will become my mentor. 👊🏿

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Awesome ok

  • @Kang-xi7we
    @Kang-xi7we8 ай бұрын

    Thank you for making good and informative clips. It's easy to understand. I've been following it since the first clip I watched. It's great. Thank you.

  • @TheFinancialController

    @TheFinancialController

    8 ай бұрын

    Thank you!

  • @pilipenko27
    @pilipenko27 Жыл бұрын

    Hi Bill. Are you giving any personal classes (I mean via Zoom, Teams, etc.)?

  • @AninditaGhoshal-bu6it
    @AninditaGhoshal-bu6it11 ай бұрын

    You are awesome

  • @jenniferlim2250
    @jenniferlim2250 Жыл бұрын

    TQ!

  • @JoyfulMelody1
    @JoyfulMelody15 ай бұрын

    Hi Bill, thank you for all of the helpful videos! I was wondering if you can advise if you feel someone who has an MBA could transition into an accounting role without a bachelors in Accounting? I have nearly 4 years of previous experience as a manager at a medical clinic in a non-profit facility where I completed a lot of accounting type responsibilities (reviewing contracts for approval of A/P invoices, analyzing contracts and creating new contracts that would save the non-profit money, etc) but I am currently in a higher education role with student facing customer service and non-financial documentation review. Should I work on a certification in quickbooks or something else to prepare me for interviewing for an entry level accounting job? Should I look at obtaining a masters degree in accounting or would my MBA help? I did take accounting and finance courses in my MBA. Thank you for any advice you have! 😊

  • @TheFinancialController

    @TheFinancialController

    5 ай бұрын

    Hey Joyful, master's in accounting is an overkill since you have an MBA. I would take a couple of online courses on practical accounting in the workplace. check out my controller academy where it's designed exactly for this purpose (showing how accounting is practiced in an actual company)

  • @David-mk5yq
    @David-mk5yq Жыл бұрын

    Hi bill, I have a bachelor degree in accounting and been working in AR for almost a year now. If my goal is to become CPA and one day controller should I consider switching jobs/positions to more accounting role? Like staff accountant

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Yes, but don't make your job hops too short. I like to see 1 or 1.5 years in a role at minimum

  • @tmigmar97
    @tmigmar9710 ай бұрын

    What if while using the xlookup if there is a person’s name multiple times, the formula only takes the count for the first name. Is there any way to fix this while using the xlookup?

  • @abrahammusukwa502
    @abrahammusukwa502 Жыл бұрын

    Those formula were do u get them

  • @Viper4ever05
    @Viper4ever0511 ай бұрын

    I wish the controller I worked under was nearly as organized as this. The first close I had I was surprised to learn there was no checklists

  • @TheFinancialController

    @TheFinancialController

    11 ай бұрын

    Go teach him/her :)

  • @nadirbaig156
    @nadirbaig1567 ай бұрын

    How change the w.sheet in pdf and reverse

  • @monicajones9597
    @monicajones9597 Жыл бұрын

    Do you still have office hours on Patreabout

  • @kathyho3985
    @kathyho3985Ай бұрын

    I followed your formula exacting and get the #Name? error mesage. What can I do to correct? Thanks

  • @loganyang619
    @loganyang6194 ай бұрын

    Can you add the subtitles for your each video? Thank you so much!

  • @TheFinancialController

    @TheFinancialController

    4 ай бұрын

    I will try!

  • @loganyang619

    @loganyang619

    4 ай бұрын

    @@TheFinancialController Cheers mate!

  • @weswirl3704
    @weswirl370411 ай бұрын

    How common, if at all, is paid overtime in industry for someone in a assistant/controller position?

  • @TheFinancialController

    @TheFinancialController

    11 ай бұрын

    I’ve never seen one

  • @CK-kd5pn
    @CK-kd5pn Жыл бұрын

    Do accountants make use of power query a lot as well?

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Depends on the role, but not as much as you might think

  • @newmhelemish

    @newmhelemish

    Жыл бұрын

    I myself use power query and power pivot in my work. Sometimes I use pivot table to create a visual and dynamic presentation to the Financials. It depends on many factors, and as Bill said on the role as well. I am accounting manager.

  • @HarshAnalysis
    @HarshAnalysis9 ай бұрын

    Hello is a cpa valuable to get if you are in a developing country which has a lot of American companies and big 4

  • @user-rg7ds1bi3t
    @user-rg7ds1bi3t2 ай бұрын

    Why the actual have I been using index and match and I didn't know xlookup exsisted :(

  • @a.bismail6492
    @a.bismail6492Ай бұрын

    I didn't see any If functions in this video. I assume it's not as popular as the rest.

  • @shameerpk7
    @shameerpk7 Жыл бұрын

    But the Xlookup function only available in latest excel versiona

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    The alternative is index match. Check my video on that one

  • @msin148
    @msin148 Жыл бұрын

    Bill, Do you offer mentoring/coaching for new accountants?

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    I teach via the Controller Academy. There is a link in the video description

  • @wirngoodette7411
    @wirngoodette741110 ай бұрын

    My end of month formula isn't giving me months in Words. What can I do?

  • @TheFinancialController

    @TheFinancialController

    10 ай бұрын

    simply right-click on the cell, click 'Format cell", choose "Date" and find the date format you like to appear!

  • @zohaibrahman2777
    @zohaibrahman277710 ай бұрын

    ❤ Smartcountant ❤

  • @campbellblk7484
    @campbellblk748410 ай бұрын

    How does one get good in Excel? Right now I'm just teaching myself how to use it with youtube.

  • @bettyboyadjian9212
    @bettyboyadjian921210 ай бұрын

    I don't have that format

  • @vijaybhogal456
    @vijaybhogal4566 ай бұрын

    Tommy leep is one rich guy,

  • @petertenay1785
    @petertenay1785 Жыл бұрын

    Where did you go to school? If you don't mind me asking

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    City university of New York

  • @petertenay1785

    @petertenay1785

    Жыл бұрын

    @@TheFinancialController perhaps I should transfer there to get my bachelor's... you are so knowledgeable... do they have dorms or??

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    @@petertenay1785 the knowledge is from work not school really

  • @petertenay1785

    @petertenay1785

    Жыл бұрын

    @@TheFinancialController oh, thank you for that.

  • @subhascommerceacademy
    @subhascommerceacademy11 ай бұрын

    ✍️

  • @TheTruthSeeker756
    @TheTruthSeeker7563 ай бұрын

    Too fast on the sumif function Bill

  • @Joebyron72
    @Joebyron7219 күн бұрын

    Still dont get how to use eomonth lol

  • @DR-pm6xm
    @DR-pm6xm Жыл бұрын

    I am from India can i get a job if you have a accounting firm.

  • @DR-pm6xm

    @DR-pm6xm

    Жыл бұрын

    I am accounts executive where I handle Canadian businesses. I preparr financial statements and end to end accounting.

  • @DR-pm6xm

    @DR-pm6xm

    Жыл бұрын

    If you can provide me an opportunity to work form home that will be a great opportunity.

  • @adamdalgleish8769
    @adamdalgleish8769 Жыл бұрын

    I can do lots of crazy things with excel... how I went 8 years without knowing about xlookup is beyond me... always had to make new tables to refer to. thanks

  • @iniester6724

    @iniester6724

    Жыл бұрын

    Xlookup is fairly new anyways!

  • @sarathp680
    @sarathp6804 ай бұрын

    Hi Bill. I saw your courses. I'm from India. I want to discuss regarding the courses. Its very diffcult indian accountants to access the course. Please let me know how to contact you?

  • @TheFinancialController

    @TheFinancialController

    4 ай бұрын

    Hi. You can email me. My email address is on my website