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In Excel magic trick number 183, the tutorial addresses a common challenge in summarizing data from a database that tracks revenue and expenses. It highlights the importance of using the MONTH function to extract the correct month from a date column for accurate calculations. However, a limitation of this approach is pointed out: when new records are added for subsequent years, the formula will inadvertently sum all January entries across multiple years, which may not be the desired outcome. For viewers looking to follow along, the workbook for this trick can be downloaded from the YouTube channel or the instructor's college website.