Tip: Using Excel's SUMPRODUCT Function

Excel provides a useful function called SUMPRODUCT which can be used to find summation of multi dimension data series.

For example:

  • You have number of cartons in cells A1:A5
  • Number of units in each carton in cells B1:B5
  • Price of each unit in cells C1:C5

You want to find the total cost of the stock. The answer is simple. You use the following formula:


You don't need to multiply A1*B1*C1 and then copy it down.

This function seems to be quite handy and can be used for many other calculations.

This handy tip appeared recently on our sister site, AccountingWEB.co.uk.

You may like these other stories...

Earlier this week I presented the Chart Edition of AccountingWEB’s High Impact Excel webinar series. One of the many topics I covered was the Sparklines feature, which was first introduced in Excel 2010. Several...
On January 30, I led a free, one-hour webinar, High Impact Excel: Pivot Table Edition. If you missed the presentation, it’s too late to get CPE credit, but you can watch an on-demand recording. After the webinar, I...
By David Ringstrom, CPA In Part 1 of this series I showed how to use a custom number format to conditionally display decimal places. Although the technique is simple, the downside is it may not work in every situation....

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.