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Delete Formulas in the 12 Month Income Statement

Delete Formulas in the 12 Month Income Statement

Aug 6th, 2022

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How to Delete Formulas in the 12 Month Income Statement

5 out of 5

66 votes

In Excel Magic Trick number 183, the tutorial addresses a formula issue from a previous video focused on creating an income statement from an Excel table. The data involves customers, accounts, dates, and classifications as revenue or expense. The original formula used the MONTH function to summarize data by month. However, this approach causes a problem when new records are added in subsequent years, as it sums all January figures across multiple years, which may not be desirable. The video provides a solution to refine the formula for more accurate monthly summaries across different years. Viewers are encouraged to download the accompanying workbook to follow along.

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