The IF function (or 'IF statement') in Excel is a simple function that allows you to build logic into your worksheets. This function allows you to build decisions and logic into your sheets, which you can leverage in tons of ways.Excel IF Function. It provides the desired result if the condition is either true or false.The IF function in Microsoft Excel is one of the most important, versatile, and powerful tools excel has to offer and a must have for anyone becoming an excel pro. The IF formula is used to test and compare the conditions expressed, along with the expected value. Syntax: IF (AND (Condition1,Condition2, valueiftrue,vaueiffalse). The IF AND excel statement is the two logical functions often nested together.
If And Excel Statement Code In The
You could just point the references to a table in another sheet or workbook.But wait this is just the tip of the iceberg though. No sweat IF Statements handle this as easily as cutting warm butter!The IF Statement in the example used criteria that were manually entered, but you can make things more efficient by referring to other cells as well. What if your company decides that they will pay a higher rate of commission for any deals closed within a region that has historically been difficult to sell in? Or a more common scenario a last minute sales contest has been rolled out any deals closed on Mondays or Fridays, within a three week period are paid at double the rate. In our case, we’ll use IF to determine what the commission rate is going to be for each of this executive’s individual sales.You just saved a ton of time! Instead of going through the logic manually like most do (which would have taken you a while) you used an excel tactic to complete this task in seconds!You can use an IF statement to add any kind of logic into your spreadsheet that you need. In case you need to evaluate a few sets of different conditions, you can express those conditions using OR as well as AND function, nest the functions inside IF statements , and then nest the IF statements into each other.Theory behind how it works (with examples):Excel If Function with Calculations Select the cell in which you want to create the IF function Type the code in the cell: if( Type the condition with.For example let’s say you need to calculate commissions for a sales executive and the sales commission is based on the incremental revenue brought into the business for each deal closed, like in the table below:You could use an IF Statement to tell excel what to do in different scenarios. Nested IF with OR/AND conditions.
“Does Not Live Out of State”). Again, You could enter another function or you could have the IF Statement return some text by entering it in quotes (ie. This is called nesting we’ll cover this in more detail a bit later.Value if False – Last thing here is to tell excel what to do If the logical test is false.
More Nesting with AND/OR FunctionsContinuing with our example your company decided to make your life a little more painful by introducing a multi-tiered commission schedule, where the higher the sale the higher the commission will be for each individual deal. If the second IF returns FALSE, tell it to execute another IF, and keep nesting until you have what you need. Here is what it looks like:IF Statements are basically a true or false logic test, all you need to do is tell excel to execute another IF Statement whenever the function returns FALSE (or TRUE). Lets get into it… How Nesting WorksYour company is pushing Product A and introduced a higher commission rate for sales reps that are able to sell it (and no commissions for Product B, its being discontinued). However, truly advanced excel users have unlocked the power of nesting which will take anything you create in excel to the next level, immediately! The only way to get skilled at nesting is, again, through practice.Almost anything you want to accomplish in excel can be done through nesting different functions together, like a jigsaw puzzle. This skill alone will get you far.
Lets chain a few of these together and see what happens.Pro Tip: When I was first learning to nest functions together I would try to write out the entire formula in one cell on my first try. If it isn’t, you should tell excel to return the words “Keep Nesting” as a temporary placeholder. In order to use AND you would need to insert it into the IF function like this:=IF( AND(Logical Test 1, Logical Test 2… and so on) , If TRUE, If FALSE )In our case we are checking whether J4 (3,814) is both greater than 2,000 AND less than 4,000. Lets take a look at how it applies to our example:The AND function will return a value of TRUE (comes in handy inside of an IF Statement) only if all logical tests within the function are true. Is the number is greater than 2,000 AND less than 4,000) then you would need to use one of these functions. If you needed to use multiple logical tests in a single IF Statement (ie.
Practice this once you master nesting you will already be levels above your co-workers and on your way to impressing your boss. This alone has saved me TONS of headaches.You can use multiple IF statements by nesting them together and go multiple levels deep in order to build super-dynamic templates and calculations that factor in different scenarios. I decided it was more effective to break my formulas out into different cells, confirm each one worked the way I wanted, then copy and paste them together into the super-nested formula. I realized that it gets increasingly difficult to spot errors as I nest more functions together.
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