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Hide Data into the 12 Month Income Statement

Hide Data into the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Data into the 12 Month Income Statement

4.9 out of 5

13 votes

In Excel Magic Trick number 183, the tutorial addresses an advanced technique for summarizing data in an income statement derived from an Excel table. Viewers are encouraged to download a workbook from the presenter’s YouTube channel to follow along. The video responds to another tutorial about income statements where a database of customer transactions is presented, including account details, dates, revenue, and expenses. The key formula discussed utilizes the MONTH function to filter records by month. However, a limitation of this approach is highlighted: if data is entered for multiple years, the formula sums all January records across those years, which may not be the desired outcome.

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