With the help of a simple function, Excel's Conditional Formatting feature can save you time and effort. Here's an easy way to flag formulas in your worksheets.

Excel displays the location of your cursor each time you place it in a cell: Columns are identified by letters, and rows by numbers. Create labels that help you identify the data in your worksheet.

After you've assembled all your financial data and created a worksheet to contain your income in one column and your expenses in another, you can use Excel's "SUM" function to create a formula to ...