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Replace Dropdown List from the 12 Month Income Statement

Replace Dropdown List from the 12 Month Income Statement

Aug 6th, 2022

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How to Replace Dropdown List from the 12 Month Income Statement

4.8 out of 5

48 votes

In Excel magic trick number 183, the tutorial focuses on summarizing data from an income statement using Excel functions. Users can download the workbook from the provided links. The video addresses a previous tutorial (number 130) that involved a database with customers, accounts, dates, and columns for revenue and expenses. The key formula discussed employs the MONTH function to extract the correct month from the date column for summarizing data. However, it highlights a flaw: the formula cumulatively adds data from January across multiple years if records are entered for the subsequent year, which may not be the desired outcome.

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