Data management and analysis in Excel depend heavily on the validation of the data. It helps to preserve data accuracy, consistency, and reliability by making sure the data entered into cells complies with certain requirements or limitations. When working with dates, for example, data validation is frequently required. You may want to prevent users from inputting dates that are earlier than today or dates before a particular reference point in various circumstances. With the help of this article, you can configure Excel's data validation to accept dates that are older than the current date or a particular date. You may ... Read More

Value at Risk, a popular risk management technique, determines the potential value loss of a financial portfolio over a given time horizon, assuming a particular degree of confidence. By calculating VaR, investors and financial institutions can determine the most money they could lose with a certain likelihood. We'll demonstrate how to develop an Excel VaR template in this article so you can evaluate and manage the risk associated with your investment portfolio. Along with the formulas and computations necessary to develop a powerful and useful VaR template, the key VaR concepts will be discussed. Whether you are a finance professional, ... Read More

A useful feature that enables simultaneous collaboration between numerous users on an Excel file is sharing workbooks. A shared worksheet can increase productivity and simplify your work process whether you're working on a team project, performing data analysis, or simply exchanging information with coworkers. In this lesson, we'll walk you through each step of creating a shared Excel workbook. From activating sharing options to controlling user access and settling issues, we'll go through everything you need to know. You'll have a firm grasp on how to efficiently work on Excel files with your coworkers or team members by the end ... Read More

Data storage, analysis, and presentation are frequently done using Excel. The popular programming language Python, on the other hand, is renowned for its ease of use, adaptability, and versatility. For use with Excel spreadsheets and for various task automation, Python offers a number of libraries. We can easily make use of Python for automating Excel spreadsheets. For doing the same, we will be covering various approaches in this article: Approaches Using the openpyxl library Using the pandas library Using the xlwings library Method 1: Using the openpyxl library We can use the Python Openpyxl package for interacting with ... Read More

In the article user will understand the process of generating a cell value by utilizing the row and column numbers in excel. The main purpose of the article is to describe two simple ways to solve the provided task. In the first example, an already defined formula is used, that is by utilizing the INDIRECT value, user can generate the required result. On the other hand, the second example is generating the same cell value by using the VBA code. After writing the VBA code, the user needs to generate a function call from a provided method. Example 1: ... Read More

In this article, the user will learn the process of accessing a list of the last or recently opened Excel files. Before starting the article, it is important to understand the reason or purpose of using this task. Consider below provided the advantage that the user can get by using the provided task − Accessing the list of last or current opened Excel files will allow the user to access the data quickly, having access to a list of recently opened files can save time by allowing you to quickly open a file without having to navigate through ... Read More

In this article, the user will understand the concept of generating the last business day of the previous month in Excel. The first example will guide the user through the process of using the formula, while the second example performs the same task by using the VBA code. For example, if today is May 6, 2023, then the date April 29, 2023, would be the last working day of the preceding month, assuming that weekends and holidays are not considered business days. Example 1: By using the user-defined formula: Step 1: To understand the process of using ... Read More

In this article, the user will learn the process of getting the active worksheet location/path in excel by using the three possible methods. This article contains three examples. The first example is based on the user defined formula. While the second example is based on the use of VBA code, and finally third example makes use of kutool extension. All the three examples use the same excel sheet, to display the processing. The provided three examples will precisely perform the same task but use different approaches. The main purpose of this article is to understand the available different type of ... Read More

Referencing a cell in Excel from another sheet means that the user is indirectly using the value or formula in a cell from a different sheet within the same workbook. Let’s understand some common benefits of using reference cells from another worksheet in Excel. It helps in improving the organization of data. It allows the user to separate the data and calculations into different sheets, making it easier to organize and manage the workbook. Another common benefit is increased efficiency. Referencing cells in another sheet allows users to reuse formulas and data without any need to copy and paste ... Read More

Maximum values simply mean the highest data value, and minimum data value contains the least available data values. In this article, the user will learn two ways such as by using the subtotal method to calculate the max and min values, and another possible way is by using kutool to perform the same task. Please understand that both features are already provided by the Excel application software and the user only requires to use the available option, to achieve the possible results. Example 1: To obtain the maximum and minimum value from the visible cell in Excel by using ... Read More