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Delete Formulas into the 12 Month Income Statement

Delete Formulas into the 12 Month Income Statement

Aug 6th, 2022

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How to Delete Formulas into the 12 Month Income Statement

4.6 out of 5

34 votes

In Excel Magic Trick 183, the tutorial discusses a method to summarize data from a database including customers, accounts, dates, revenue, and expenses. The presenter refers to a previous video, Excel Magic Trick 175-184, highlighting the use of the MONTH function to extract the month from the date column for the summarization formula. However, a limitation of this approach is noted; as new records are added in subsequent years, the formula could incorrectly aggregate all January entries across multiple years. The tutorial aims to provide a solution to this issue while also offering a downloadable workbook for viewers to follow along.

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