The SUMIF function allows us to add only the cells within a range which satisfy a specific criterion. The function has 3 arguments: ‘range’, ‘criteria’, and ‘sum range’. The first one, ‘range’ is where we want to find the second argument ‘criteria’. Whenever this condition is satisfied SUMIF will sum the values found in the ‘sum range’ (the third argument of the function).
Some other related topics you might be interested to explore are SUMIFS, COUNTIF, and COUNTIFS.
This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as a Financial Analyst, Business Analyst, and for everyone who works with a spreadsheet software.
You can now download the Excel template for free.