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The Top 10 Excel Functions For Finance

The document discusses the top 10 Excel functions for finance including INDEX/MATCH, PMT, XNPV, XIRR, PV and FV for time value of money calculations, SLN for straight line depreciation calculations, SUMIF for consolidating financial statements, IPMT and PPMT for determining interest and principal payments, and EOMONTH for financial planning and forecasting.

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Juan Lamas
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23 views12 pages

The Top 10 Excel Functions For Finance

The document discusses the top 10 Excel functions for finance including INDEX/MATCH, PMT, XNPV, XIRR, PV and FV for time value of money calculations, SLN for straight line depreciation calculations, SUMIF for consolidating financial statements, IPMT and PPMT for determining interest and principal payments, and EOMONTH for financial planning and forecasting.

Uploaded by

Juan Lamas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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THE TOP 10

EXCEL FUNCTIONS

FOR FINANCE
#1 INDEX/MATCH
When to use it
Use when searching for specific values
in a data table

Why it's great


Great replacement to VLOOKUP and
HLOOKUP
Flexible & dynamic
Write it once and copy throughout
your workbook
#2 PMT
When to use it
Use when performing time value of
money calculations, most commonly
monthly loan payments

Why it's great


Quickly and easily perform TVM
calculations without a calculator
Important: when calculating monthly
payments, divide interest rate by 12
and multiply periods by 12
#3 XNPV
When to use it
Calculate Net Present Value for a series
of cash flows in capital budgeting

Why it's great


Accounts for timing of cash flows (the
NPV function doesn't)
More intuitive and easier to use than
NPV
#4 XIRR
When to use it
Calculate Internal Rate of Return for a
series of cash flows in capital budgeting

Why it's great


Like XNPV, XIRR accounts for timing
of cash flows (IRR doesn't)
More intuitive and easier to use than
IRR
#5 PV and FV
When to use them
Use to calculate present (future) value
of a future (present) cash flow or series
of cash flows

Why it's great


Helpful for budgeting or retirement
planning
#6 SLN
When to use it
Calculate straight line depreciation for
fixed (or intangible) assets

Why it's great


Simple calculation that provides all
necessary prompts to calculate straight
line depreciation
#7 SUMIF
When to use it
Sum up a cell range which meet a
criteria
Consolidate financial statements

Why it's great


Highly powerful and flexible
Transform unorganized, messy data
into neat, organized tables that are
presentation-ready
#8 IPMT
When to use it
Determine how much interest is
applied to future loan payments

Why it's great


Saves time and prevents you from
placing inputs in an amortization table
#9 PPMT
When to use it
Determine how much principal is
applied to future loan payments

Why it's great


Saves time and prevents you from
placing inputs in an amortization table
#10 EOMONTH
When to use it
When financial planning or in
forecasting models which utilize
months or quarters

Why it's great


Allows user to jump to month-end,
which is helpful for FP&A professionals
and accountants
Can set up this function to pull up a
specific date (i.e. 3rd of each month)
That's a wrap!

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