## How to calculate Payback Period in Excel

Payback period in capital budgeting refers to the period of time required for the return on an investment to “repay” the sum of the original investment. For example, a \$1000 investment which returned \$500 per year would have a two year payback period. The time value of money is not taken into account.

## How to divide two arrays with SUMPRODUCT in Excel

Way back in 2008, I wrote about using SUMPRODUCT to duplicate the functionality of SUMIFS which was introduced in Microsoft Excel 2007. SUMPRODUCT is a powerful excel function and is more commonly used to multiply two arrays. Let’s first understand the syntax of SUMPRODUCT.

## Excel Tutorial: INDEX MATCH primer

Two weeks, we looked at the syntax of VLOOKUP, INDEX and MATCH. Last weeks tutorial should have walked you through the basics of VLOOKUP. In this post, we’ll use a similar file from the VLOOKUP tutorial to find a value from the table using INDEX and MATCH.

## Excel Tutorial: VLOOKUP primer

Last week, I introduced you to VLOOKUP, INDEX and MATCH. In this post, we’ll use VLOOKUP to find a value from the table. Firstly, let’s create the above table in Excel.

## Excel Tutorial: Introduction to VLOOKUP, INDEX and MATCH functions

Excel has several  lookup and reference functions. The main purposes of most of the plugins is to lookup some cell or cells from a set of data (usually presented in a table). Of these, the most popular ones are VLOOKUP, INDEX and MATCH.

## Edit Your Documents Online with Shutterborg

I have just stumbled upon a very cool web application that allows you to use word processor with in your web browser. Shutterbrog lets you edit your documents online totally free of charge. It offers a very user friendly interface and makes every thing easy for you.

## Label Merge with Microsoft Word 2007

A long time ago, I wrote a tutorial on creating custom labels in Microsoft Word. Creating a custom label is necessary only if you don’t plan to use the many inbuilt label templates. The next step after creating a custom label is the actual label merge process.

## How to change the default color scheme of Word

By default Microsoft Word 2007 comes with a blue color scheme. However, Word 2007 also comes inbuilt with two separate themes, viz. Silver and Black.

## Random Group Generator in Excel

One requirement that you will see as part of a classroom environment is the necessity to create groups. One option is to perform this process manually. This is OK if you have ten people.

## Excel Password Remover 2008 (Tool Thursday)

If you’ve forgotten the password to edit the Excel file Excel Password Remover 2008 can come to your rescue. Excel Password Remover is a FREE Excel add-in that removes/cracks sheet and workbook password protection in ExcelÂ®. This program will remove passwords of any length, also passwords containing special characters.

## Creating Custom Labels in Microsoft Word 2007 (Tutorial Thursday)

Last year, as part of our admissions team duties, we were required to send out prospectus to students all over India. These ranged from a minimum of fifty envelopes to over 150 at a time. During a promotion campaign we printed around 90,000 labels!

## Excel Tutorial: SUMIF with Multiple Conditions

The title of the post is a bit of a misnomer because the SUMIF function in Excel does not allow you to have more than condition. Excel 2007 introduced the SUMIFS function which allowed for multiple conditions. However, if you are using any version prior to Excel 2007 or if the persons who will be using your Excel workbook will be using a version prior to Excel 2007, then the SUMIF function will throw up an error.