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TOP 20 Excel Features You Did Not Know About and Probably Should
Data ManipulationData AnalyticsData Science

TOP 20 Excel Features You Did Not Know About and Probably Should

Unlock Hidden Excel Gems: Master These 20 Features to Boost Your Productivity and Save Time

Anastasiia Tsurkan

by Anastasiia Tsurkan

Backend Developer

Dec, 2024
9 min read

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TOP 20 Excel Features You Did Not Know About and Probably Should

Excel is packed with powerful tools that often go unnoticed but can drastically improve your productivity. Whether you're cleaning up data, analyzing trends, or automating repetitive tasks, these features can make your work faster and more effective. Let's dive into 20 Excel gems you might not know about but definitely should!

1. Flash Fill

What it does: Automatically fills in values based on a pattern it detects in your input.

Example in action: Suppose you have a list of email addresses like johndoe@example.com and want to extract just the names. Start typing the names in a new column (e.g., “John”), and as soon as Excel detects the pattern, it will suggest filling the rest. Hit Ctrl + E to apply Flash Fill and save yourself hours of manual work.

2. Power Query

What it does: Imports, cleans, and transforms data from various sources like Excel files, databases, or the web.

Example in action: If you're consolidating monthly sales reports from multiple files, Power Query lets you load, combine, and clean the data in one seamless process. No more copy-pasting or manual formatting—just import and transform.

3. Power Pivot

What it does: Lets you create data models by building relationships between multiple tables for advanced analysis.

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Example in action: If you have a customer table and a sales table, Power Pivot allows you to connect them and calculate metrics like total revenue per customer without merging the datasets. This is perfect for handling large amounts of data.

4. Goal Seek

What it does: Finds the input value required to achieve a desired result in a formula.

Example in action: Let's say you're planning a budget and need to determine how many units to sell to hit $50,000 in revenue. Use Goal Seek to set the revenue formula’s output to $50,000 and adjust the sales quantity to meet that goal.

5. Data Tables

What it does: Performs "what-if" analysis to see how different input values affect your calculations.

Example in action: Create a table showing the impact of varying interest rates on a loan's monthly payment. Input the different interest rates, and Excel will calculate the corresponding payments automatically.

6. Text to Columns

What it does: Splits a single column of text into multiple columns based on a delimiter like commas or spaces.

Example in action: If you have full names in one column (e.g., "John Doe") and need to separate them into first and last names, use Text to Columns to split the data using a space as the delimiter.

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7. Remove Duplicates

What it does: Quickly identifies and removes duplicate entries from your dataset.

Example in action: Got a mailing list with duplicate email addresses? Highlight the column, use Remove Duplicates under the Data tab, and Excel will instantly clean it up.

8. Slicers

What it does: Creates visual buttons to filter data in PivotTables and PivotCharts.

Example in action: Add a slicer to a sales dashboard to filter results by product category or region. With just a click, you can view specific subsets of data without manually adjusting filters.

9. Conditional Formatting with Formulas

What it does: Highlights cells that meet specific conditions defined by a formula.

Example in action: Want to flag overdue tasks in a project tracker? Apply conditional formatting with a formula like =TODAY()>D2 to highlight tasks with due dates earlier than today.

10. Custom Views

What it does: Saves different display settings for the same worksheet.

Example in action: Set up one view for detailed financial reports and another for summary-level dashboards. Switch between views easily without rearranging filters or columns.

11. Data Validation

What it does: Restricts inputs in cells based on predefined criteria.

Example in action: Create dropdown menus for selecting employee roles in a payroll sheet. Data validation ensures consistency and eliminates input errors.

12. Pivot Table Grouping

What it does: Groups data in PivotTables for better organization and analysis.

Example in action: Group daily sales data into months or quarters to create more meaningful summaries in your reports.

13. Form Controls

What it does: Adds interactive elements like buttons, checkboxes, and dropdowns to your worksheets.

Example in action: Add a checkbox to toggle between showing detailed and summarized data in a financial model, making your sheet more user-friendly.

14. Key Performance Indicators (KPIs)

What it does: KPIs are specific, measurable values that help track and evaluate the success of a particular activity or goal in Excel.

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Example in action: Use a dashboard to track metrics like monthly revenue, customer acquisition cost, or churn rate. Combine functions like SUMIFS, AVERAGE, and conditional formatting to calculate and highlight performance thresholds. You can even integrate slicers to filter KPIs dynamically based on time periods or regions.

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15. XLOOKUP

What it does: XLOOKUP is a versatile function that replaces VLOOKUP and HLOOKUP, providing an all-in-one solution for vertical and horizontal lookups.

Example in action: Say you need to find an employee's name based on their ID. With XLOOKUP, you can search in any direction and return related data from another column. It also includes built-in error handling (like “Not Found”), making it more powerful and user-friendly than its predecessors.

16. Dynamic Arrays

What it does: Enables formulas to return multiple results in a single cell range.

Example in action: Use the UNIQUE() or SORT() function to dynamically arrange a list of names alphabetically, updating automatically when new names are added.

17. Sparklines

What it does: Adds tiny charts inside cells to show trends.

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Example in action: Add sparklines to a row of monthly sales figures to quickly visualize performance over time.

18. Quick Analysis Tool

What it does: Provides instant access to common data analysis features.

Example in action: Highlight a data range and instantly apply data bars, color scales, or a recommended chart with just a few clicks.

19. Solver

What it does: Solves optimization problems by finding the best solution within specified constraints.

Example in action: Maximize profit in a production schedule while staying within budget and resource limits.

20. Watch Window

What it does: Lets you monitor changes to specific cells, even if they're on different sheets.

Example in action: Keep an eye on key performance indicators while working on another part of your workbook.

Conclusion

With these features, Excel transforms from a simple spreadsheet tool into a powerhouse for analysis, reporting, and automation. Start experimenting with these tools today, and you'll quickly see how much easier your work can become!

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