Excel Formulas & Functions Cheat Sheet
1. Key Definitions & Formulas
=SUM(A1:A5): Adds all numbers in cells A1 through A5.
=AVERAGE(A1:A5): Calculates the average of selected cells.
=COUNT(A1:A10): Counts numeric values only.
=COUNTA(A1:A10): Counts all non-empty cells.
=IF(A1>50,"Pass","Fail"): Returns 'Pass' if A1 > 50, otherwise 'Fail'.
=MAX(A1:A5) / =MIN(A1:A5): Finds the highest or lowest value.
=VLOOKUP(A2, B2:D10, 3, FALSE): Looks for A2 in the first column and returns value from column 3.
=HLOOKUP(A2, B1:Z3, 2, FALSE): Looks for A2 in the top row and returns value from row 2.
=INDEX(B2:D10, 3, 2): Returns value at 3rd row and 2nd column in range.
=MATCH("Apple",A1:A10,0): Finds the position of 'Apple' in range.
=INDEX + MATCH: =INDEX(B2:B10,MATCH("Apple",A2:A10,0)) - powerful lookup combo.
=XLOOKUP(A2, B2:B10, C2:C10): Modern and more flexible lookup function.
=CONCAT(A1," ",B1): Joins text values together.
=TEXT(A1,"$#,##0.00"): Formats a number as currency text.
=TODAY() / =NOW(): Inserts current date or date and time.
2. Step-by-Step Examples
Example 1: Calculate Average Score
=AVERAGE(B2:B6)
-> Adds all scores in B2:B6 and divides by the number of entries.
Example 2: Conditional Result with IF
=IF(C2>=70,"Pass","Fail")
-> Displays 'Pass' if score is 70 or above; otherwise 'Fail'.
Example 3: Lookup a Price
=VLOOKUP("Apple",A2:C10,3,FALSE)
-> Finds 'Apple' in the first column and returns price from column 3.
Example 4: Combine Names
=CONCAT(A2," ",B2)
-> Combines first and last names into one cell.
3. Common Mistakes to Avoid
- Forgetting to use absolute references ($A$1) when copying formulas.
- Not setting FALSE in VLOOKUP when an exact match is required.
- Mixing text and numbers (Excel won't calculate properly).
- Using merged cells - they break formulas and references.
- Leaving blank cells in lookup ranges can cause errors.
4. Quick Tips & Shortcuts
- Ctrl + ` : Show/hide all formulas.
- F4 : Toggle absolute/relative references ($A$1, A$1, $A1, A1).
- Ctrl + Shift + L : Add or remove filters.
- Ctrl + Arrow keys : Jump to the edge of data region.
- Ctrl + Space / Shift + Space : Select entire column/row.
- Ctrl + Shift + + : Insert new cell/row/column.
- Alt + = : AutoSum selected range quickly.
- Keep formula ranges dynamic using Tables or named ranges.