How to do an IF Statement in Excel

Learn how to do an IF Statement in Excel with our easy guide. An IF statement is when you enter a formula into Excel that will tell you the result of two entries. For instance, IF a number is bigger than another, THEN the outcome is “bigger number”.

How can I use the IF formula in Excel sheets? 

• Use the formula to discover what the outcome of a long math problem is in comparison to another.
• See what category has a better status than the other.
• Easily and quickly comparing amounts between each other.

Download the “IF formula” to follow our example and learn to use this tool easily.

Steps to creating an IF formula:

1. Open the spreadsheet and view the three columns: the items, the predicted expense, and the actual expense. The expense columns are what is important here.
2. The “Totals” at the bottom are what you will derive the IF references from. B9 and C9.
3. In the “Status” bar, type in: =IF(B9<C9,”Over Budget”,”Under Budget”)
4. B9 is less than C9, which indicates that C9 is established as Over Budget.
5. Once the status bar is filled in, your result will appear.

Tips to help you:

Practice changing the formula to fit your own Excel sheet needs:

• Erase a row and change B9 and C9 to where the new totals are.
• alter the < or > signs to change what is considered.
• Change the text words in the formula so that the status reads differently.

The more you practice IF statement formulas with different Excel spreadsheets, the more comfortable you will become with creating them. Spend time with the formula and change as much as you want to get the answers that will fit your goals best.