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Quickly learn how SUMIFS & COUNTIFS formulas work - and why they are better than SUMIF & COUNTIF formulas.

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The inclusion of the "IFS" formulas since Excel 2007 was a major gain for Excel users. Why? Because they allow you to easily add exceptions to your sum, average and count calculations. Don’t make your life more difficult by trying to use excel filters to get your sum. Use the SUMIFS formula instead. You can SUM based on multiple criteria. You can also use SUMIFS to sum if numbers are greater than a certain value.

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Timestamps:
00:00 Why use Excel SUMIFS instead of SUMIF
01:20 Excel SUMIF function
03:10 Excel SUMIFS function
06:06 SUMIFS with wildcards
06:47 SUMIFS with comparison operators
09:17 Excel AVERAGIFS function
09:43 Excel COUNTIF function
10:19 Excel COUNTIFS function
11:50 How to use Excel Tables for dynamic referencing
13:31 Wrap Up

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In this video I will show you a SUMIFS example and explanation. AVERAGEIFS works in the same way.

COUNTIFS function is shorter than SUMIFS and AVERAGEIFS because it doesn’t need the additional sum range. It only needs the criteria range. It counts the number of times the criteria is met.

Not sure if you should use SUMIF or SUMIFS? Stick to SUMIFS. This way you're on the safe side. In case you ever need to add more criteria, you can just expand on the arguments inside the formula. If you used SUMIF, you actually have to replace it with SUMIFS.

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