Excel is undoubtedly one of the best softwares in the world. No matter how complicated the calculation, a good hold on Excel will help you simplify it and consequently increase your productivity. Hence, for financial advisors particularly, it is of paramount importance to have a good command of Excel.
The objective of this article is to serve as an introduction or refresher to some of the common functions of Excel that financial advisors should know. This also includes common formulas and keyboard shortcuts to use it more efficiently.
Shortcuts Starting with CTRL |
Shortcuts Starting with CTRL |
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CTRL+A |
Select all contents of a worksheet. |
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Repeats the last entry. |
CTRL+B |
Bold all cells in the highlighted section. |
CTRL+Y |
For selecting the whole Column |
CTRL+D |
Fill Content of the selected cell on top to bottom. CTRL + D (i.e. Ctrl+ Down) |
CTRL+Z |
Undo the last action |
CTRL+F |
Search current sheet. |
CTRL+1 |
Changes the format of the selected cells. |
CTRL+G |
Go to a certain area. |
CTRL+2 |
Bolds all cells in the highlighted section |
CTRL+H |
Find and replace. |
CTRL+3 |
Puts italics all cells in the highlighted section. |
CTRL+I |
Puts italics on all cells in the highlighted section. |
CTRL+4 |
Underlines all cells in highlighted section. |
CTRL+K |
Inserts a hyperlink. |
CTRL+5 |
Puts a strikethrough all cells in the highlighted section. |
CTRL+S |
Saves the open worksheet |
CTRL+6 |
Shows or hides objects. |
CTRL+R |
Fill Right |
CTRL+7 |
Shows or hides the toolbar. |
CTRL+U |
Underlines all cells in the highlighted section. |
CTRL+8 |
Toggles the outline symbols. |
CTRL+V |
Pastes everything copied onto the clipboard. |
CTRL+9 |
Hides rows. |
CTRL+W |
Closes the current workbook. |
CTRL+0 |
Hides columns. |
CTRL+X |
Cuts all cells within the highlighted section. |
Ctrl+Shift+: |
Enters the current time. |
CTRL+P |
Print the current sheet. |
Ctrl+; |
Enters the current date. |
Ctrl+Shift+” |
Copies value from cell above. |
Ctrl+’ |
Copies a formula from the cell above. |
Ctrl+Shift+= |
Inserts a new column or row. |
Ctrl+Shift+# |
Applies date formatting. |
Ctrl+Shift+~ |
Switches between showing Excel formulas or their values in cells. |
Ctrl+Shift+^ |
Applies exponential formatting. |
Ctrl+Shift+@ |
Applies time formatting. |
Ctrl+Shift+* |
Selects the current region around the active cell. |
Ctrl+Shift+! |
Applies comma formatting. |
Ctrl+Shift+& |
Places border around selected cells. |
Ctrl+Shift+% |
Applies percentage formatting. |
Ctrl+Shift+( |
Unhide rows. |
Ctrl+[ |
Selects all cells referenced by formulas in the highlighted section. |
Ctrl+Shift+) |
Unhide columns. |
Ctrl+] |
Selects cells that contain formulas that reference the active cell. |
Ctrl+Shift+Spacebar |
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Ctrl+Home |
Move to cell A1. |
Ctrl+End |
Move to last cell on worksheet. |
Ctrl++ |
Insert |
Ctrl+- |
Delete. |
Shortcuts Starting with SHIFT |
Shortcuts Starting with ALT & Function Keys |
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Shift+Insert |
Pastes what is stored on the clipboard. |
Alt+F1 |
Inserts a chart. |
Shift+Page Up |
In a single column, highlights all cells above that which are selected. |
Alt+F2 |
Save as |
Shift+Page Down |
In a single column, highlights all cells above that which are selected. |
Alt+F4 |
Exits Excel. |
Shift+Home |
Highlights all text to the left of the cursor. |
Alt+F8 |
Opens the macro dialog box. |
Shift+End |
Highlights all text to the right of the cursor. |
Alt+F11 |
Opens the Visual Basic editor. |
Shift+Up Arrow |
Extends the highlighted area up one cell. |
Alt+Shift+F1 |
Creates a new worksheet. |
Shift+Down Arrow |
Extends the highlighted area down one cell. |
Alt+Shift+F2 |
Saves the current worksheet. |
Shift+Left Arrow |
Extends the highlighted area left one character. |
F1 |
Opens the Help menu |
Shift +Right Arrow |
Extends the highlighted area right one character. |
F2 |
Edits the selected cell. |
Shift+F2 |
Allows the user to edit a cell comment. |
F3 |
After a name has been created, F3 will paste names |
Shift+F3 |
Opens the Excel formula window |
F7 |
Spell check selected text or document. |
Shift+F5 |
Brings up a search box. |
F8 |
Enters Extend Mode. |
Shift+F6 |
Move to previous pane. |
F9 |
Recalculates every workbook |
Shift+F8 |
Add to selection |
F10 |
Activates the menu bar |
Shift+F9 |
Performs calculate function on active sheet. |
F11 |
Creates a chart from selected data. |
You can learn more such Excel functions and shortcuts used in financial planning on these websites:
https://www.wallstreetprep.com/knowledge/excel-shortcuts/
Anoop Nasa is Founder & CEO of Myfinkart Financial Advisors.
Cafemutual invites thought leaders from the investment community to share their insights. The views expressed in this article are those of the author and do not reflect the views of Cafemutual.