Advanced Project 6-7

Advanced Project 6-7

These instructions are compatible with both Microsoft Windows and Mac operating systems.

In the Livingood Income Tax and Accounting workbook, you nest IFERROR to display a custom message. You correct the spelling of a client name throughout the workbook, create a display statement, and calculate data about overdue accounts.

[Student Learning Outcomes 6.2, 6.4, 6.5, 6.7, 6.8]

 DO NOT use the files below if you are completing an autograded SIMnet Project. Using the linked files below will prevent you from uploading and submitting your work in SIMnet. The files for all autograded SIMnet Projects MUST be downloaded from your class assignment.

File Needed: Livingood-06.xlsx (Student data files are available in the Library of your SIMnet account.)

Completed Project File Name: [your initials] Excel 6-7.xlsx

Skills Covered in This Project

• Use IFERROR to display a custom message.
• Use the Watch Window to monitor edits.
• Create a SUMIFS formula.
• Build a COUNTIFS formula.
• Use Text functions to display a sentence.
• Use date format codes in a function.

1. Open the Livingood-06 workbook from your student data files and save it as [your initials] Excel 6-7.
2. Nest an IFERROR function with the formula.
   1. Select cell E6 on the Accounts Aging sheet and review the formula. The formula subtracts the invoice date from today’s date in cell G1.
   2. Nest an IFERROR formula to display Check date. instead of a standard error message.
   3. Copy the IFERROR formula to cells E7:E20.
3. Monitor edits in the Watch Window.
   1. Add cells C6:C20 as a watch in the Watch Window.
   2. Click the Aging Detail sheet tab.
   3. Build a Find and Replace command to replace all occurrences of “accoustaff” with AccounStaff throughout the workbook. Use search and replace strings that maintain the comma and the word “Inc.”
   4. Delete the watch names and close the Watch Window.
4. Use SUMIFS to calculate totals that are late by 30 days or more.
   1. Click the Aging Detail sheet tab.
   2. Name cells A5:E20 as Detail.
   3. Use SUMIFS in cell H6 to calculate the total due from AccounStaff that is 30 or more days late.
   4. Use SUMIFS for Custom Tax in cell H7.
   5. Format cells H6:H7 as Currency.
5. Use COUNTIFS to calculate how many invoices are late by 30 days or more.
   1. Use COUNTIFS in cell I6 to calculate the number of AccounStaff invoices that are 30 or more days overdue.
   2. Use COUNTIFS for Custom Tax in cell I7.
6. Nest TEXT and CONCAT to display a sentence about the current date.
   1. Click cell A22 and start a CONCAT formula.
   2. Type Today is with a space after the word “is” for the Text1 argument.
   3. Nest the TEXT function from the Text category for the Text2 argument.
   4. Type today() for the Value argument. The equals sign is not included when the function is used as an argument.
   5. Click the Format_text box and use format codes to spell out the month, show the day without leading zeros, display a comma, and show four digits for the year.
   6. Click OK.
7. Save and close the workbook (Figure 6-121). (Your dates are volatile and will not match dates shown in Figure 6-121.)