month to month expenses spreadsheet excel

#MONTH TO MONTH EXPENSES SPREADSHEET EXCEL FULL#

Note: we could use the EOMONTH function to get the last day of the current month, then use '<=' as the second logical operator. However, because EOMONTH returns a date that is technically midnight, t here is a danger of excluding dates with times that occur on the last of the month. Using EDATE is a simpler and more robust solution. The named ranges behave like absolute references and don't change, while the reference to E5 is relative and changes at each new row. Notice we need to concatenate the dates to logical operators, as required by the AVERAGEIFS function. As the formula is copied down, it returns a total for each month in column E. Roughly translated, the meaning of this formula is 'Average the amounts in B6:B16 when the date in C5:C16 is greater than or equal to the date in E5 and less than the first day of the next month'. We can then use the less than operator (='&E5,date,'<'&EDATE(E5,1))

#MONTH TO MONTH EXPENSES SPREADSHEET EXCEL FULL#

To enter criteria for the end date, we use the EDATE function to advance one full month to the first day of the next month: =EDATE(E5,1) // first of next month To enter a criteria for the start date, we use the named range date (B5:B16) followed by a greater than or equal to operator (>=) concatenated to cell E5: =AVERAGEIFS(amount,date,'>='&E5, To make this step easier, the values in E5:E10 are all first of month dates formatted to show an abbreviated month name. Next, we need to enter the criteria needed to target the appropriate dates for each month. We start off with the average range, which contains the values to average in data (C5:C16): =AVERAGEIFS(amount, In this problem, we need to configure AVERAGEIFS to average amounts by month using two criteria: (1) dates greater than or equal to the first day of the month, (2) dates less than the first day of the next month. The AVERAGEIFS function calculates the average of cells in a range that meet one or more conditions, referred to as criteria. The generic syntax for AVERAGEIFS looks like this: =AVERAGEIFS(avg_range,range1,criteria1,range2,criteria2.) Note: the values in E5:E10 are valid Excel dates, formatted to display the month name only with the number format 'mmm'. For convenience only, both solutions use the named ranges amount (C5:C16) and date (B5:B16). The second approach is based on the FILTER function and the AVERAGE function. One approach is based on the AVERAGEIFS function, which is designed to calculate averages using multiple criteria. The article below explains two approaches.

In this example, the goal is to calculate a monthly average for the amounts shown in column C using the dates in column B.

Month to month expenses spreadsheet excel