INDEX
How to Summarize Daily Data by Month
This article explains how to summarize daily data by month in Excel. By using this method, you can easily consolidate daily records into monthly summaries. The primary tool we will use is the SUMIFS function.
Using the SUMIFS Function to Summarize Monthly Data
| A | B | C | D | |
|---|---|---|---|---|
| 1 | Date | Sales | Month | Monthly Sales |
| 2 | 08/01/2023 | 1000 | 08/2023 | =SUMIFS(B2:B4, C2:C4, “08/2023”) |
| 3 | 08/15/2023 | 1500 | 08/2023 | |
| 4 | 08/25/2023 | 1200 | 08/2023 | |
| 5 | 09/01/2023 | 1800 | 09/2023 | =SUMIFS(B2:B5, C2:C5, “09/2023”) |
Steps
- First, enter the daily data in column A and the corresponding sales or other values in column B.
- In column C, enter the corresponding month for each date (e.g., “08/2023” for August 2023).
- In column D, use the SUMIFS function to summarize sales by month.
- For example, enter the formula =SUMIFS(B2:B5, C2:C5, “08/2023”) in cell D2 to calculate the total sales for August 2023.
Function Explanation
The SUMIFS function aggregates numerical data based on multiple criteria. In this case, it sums the sales (column B) based on the month (column C).
Results
For example, the total sales for August 2023 will be 3700 and will appear in cell D2. Similarly, sales for September 2023 will also be accurately summarized.
Summary
To summarize daily data by month, the SUMIFS function is highly effective. This method allows you to easily calculate monthly totals from daily records, improving the efficiency of your data analysis.