Trending December 2023 # How To Print On An Envelope In Microsoft Excel # Suggested January 2024 # Top 18 Popular

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Microsoft Office lets you print envelopes individually or as a mass mail merge. This is incredibly valuable for businesses that need to add branding and other custom elements to an extensive mailing list.

Here’s how you can print on an envelope in Microsoft Excel. Remember that you need both Microsoft Word and Excel to make this work. This method should work regardless of whether you’re using the Microsoft suite on a Windows PC or a Mac.

Table of Contents

Step 1: Create Your Mailing List

The first step is to create the list of recipients to whom you will send mail. You can skip this step if you only need to print one or two envelopes. However, this step is essential for those working with large mailing lists.

To create your mailing list:

    Open

    Microsoft Excel

    .

      Verifying your addresses at this step is important to avoid wasting time and money printing old or incorrect data.

      Step 2: Design Your Envelope

      Next, you need to prepare your envelope template in Microsoft Word. This is the document you will set up to populate with your recipient’s addresses when printing automatically.

      To do so:

        Open a blank document in Microsoft Word.

        Select the

        Mailings

        tab.

          Now specify what paper size your envelopes are to be. To do so, select the

          Preview icon

          .

            In the

            Envelope Options

            tab, select the drop-down menu under

            Envelope size

            .

              Next, select

              Font…

              next to the

              Delivery address

              box or

              Return address

              to set the font you want for both options.

                Select

                OK

                .

                Step 3: Set the Printer Feed

                The next step is to tell Microsoft Word how your printer feed works. This ensures that your envelopes will be printed correctly, with all elements in the proper organization.

                To set the printer feed:

                  Select

                  Options

                  .

                    In the

                    Feed method

                    window, select the orientation for how your envelope will feed into the printer. We recommend selecting a method where the envelope borders the edge of the feed tray, as it will make it easier to place the envelope in your printer. Note that the delivery and return addresses will be misaligned if your envelope isn’t correctly positioned.

                      Select

                      Face up

                      or

                      Face down

                      to define which way up you will load the envelope.

                      Step 4: Start the Mail Merge and Link Your Mailing List

                      It’s time to begin the mail merge. This will allow Microsoft Word to automatically add the names and addresses from your address list data source.

                      To do so:

                        If any addresses need to be edited, you can select

                        Edit Recipient List

                        to change them.

                          Choose an option, then select

                          OK

                          .

                          Step 5: Print the Envelopes

                          If everything looks correct, it’s time to complete the mail merge and print addresses onto your envelopes. To do so:

                            Select

                            Finish & Merge,

                            then

                            Print Documents…

                              Finally, make sure “All” is checked and select

                              OK

                              .

                                Make sure the printer settings are correct, and your envelopes are correctly aligned then select

                                OK

                                again. Your printer should now begin printing your envelopes.

                                Don’t Forget Stamps

                                Unfortunately, you can’t print envelopes using Excel alone. However, with the combination of MS Word and Excel, the envelope printing process is incredibly easy. With this tutorial, you should have your next batch of mail ready to go in no time. Don’t forget to pay for postage!

                                You're reading How To Print On An Envelope In Microsoft Excel

                                How To Make An Interactive Calendar In Excel? (2023 Template)

                                If you like to plan ahead and make a weekly or monthly schedule, having a calendar in Excel could be quite useful.

                                In this tutorial, I’m going to show you how to create a calendar in Excel that automatically updates when you change the month or the year value.

                                I will show you the exact process to create the interactive monthly and yearly calendar, and I also have these as downloadable Excel files, so that you can use them offline.

                                You can print these calendar templates and manually create the schedule on paper.

                                Before I get into the nitty-gritty of making the calendar in Excel, let me show you what the final output would look like.

                                Below is an example of the interactive monthly calendar in Excel where you can change the month and year value and the calendar would automatically update (you can also highlight holidays or specific dates in a different color).

                                Interactive Monthly Calendar in Excel

                                It also highlights the weekend dates in a different color.

                                And on similar lines, below I have the yearly calendar template, where when you change the year value the calendar automatically updates to give you the calendar for that year.

                                Interactive Yearly Calendar in Excel

                                The weekend dates are highlighted in a different color and if you have a list of holidays (or important dates such as project deadlines or birthdays/anniversaries), then those holidays are also highlighted in the calendar.

                                Now let me quickly explain how I have created this calendar in Excel.

                                While most of the heavy lifting in this calendar is done by some simple formulas. you need to have a few things in place before you make this calendar.

                                Before starting to make the calendar, you need to have the following two additional sheets:

                                A sheet where you have a list of all the holidays and the dates on which these holidays occur. You can also use this to add important dates that you want to get highlighted in the calendar (such as birthdays, anniversaries, or project deadlines)

                                Holiday Dates to Highlight in the Calendar

                                A list of all the month names. This is for the monthly calendar template only, and is used to create a drop-down that shows the month names.

                                Month names

                                If you download the calendar template for this tutorial, you will see these two additional sheets.

                                For the sake of simplicity, I have kept these two sheets separate. If you want, you can also combine and have the holiday dates and the month names on the same sheet.

                                For this calendar, I have used the holidays in the US. You can change these to your region’s holidays, and even add important days such as birthdays or anniversaries so that they can be highlighted in the calendar.

                                Holidays (and other specified dates) get highlighted in the calendar

                                The data from this holiday sheet would be used to highlight the holiday dates in the calendar.

                                Since I want this calendar to be interactive and allow the user to select the date and the year value, I will:

                                Have a cell where the user can input the Year value

                                Create a drop-down list that will show the month names from where the user can select the month

                                Note that the month drop-down list is needed only for the monthly calendar template, as in the yearly calendar template all the months are shown anyway.

                                Below are the steps to do this:

                                Enter Year in cell A1 and Month in cell A2

                                In cell B1, enter the year value manually (I will use 2023 in this example)

                                The above steps would give you a drop-down list in cell B2, where you can select the month name.

                                Now that we have a place to enter the year value and select the month name, the aim here is to create a calendar that would automatically update as soon as we change the month/year values.

                                So it’s time to go ahead and build that awesome calendar in Excel.

                                The first thing I need to build this monthly calendar is to have the weekday names in a row (as shown below).

                                After entering the day name, I’ve also given it a background color and increased the column width a little.

                                Now it’s time for the formulas.

                                While I can create one single formula that will give me the values in the calendar grid that I have created, it would become quite big.

                                So for the purpose of this tutorial, let me break it down and show you how it works.

                                For the formula to work, I will need two values:

                                The month number for the selected month (1 for Jan, 2 for Feb, and so on)

                                Getting the Weekday value for the first day of the selected month (1 if the month starts on Monday, 2 if it starts on Tuesday, and so on)

                                Formula to get the month number of the selected month:

                                =MATCH($B$2,'Month Names'!$A$1:$A$12,0)

                                Formula to get the weekday value of the first day of the month

                                =WEEKDAY(DATE($B$1,$M$4,1),2)

                                I have the output of these formulas in cells M4 and M5 as shown below.

                                Now that I have these values, I will be using these in the main formula that I will be using in the calendar grid.

                                Below is the formula that will give me the dates in the calendar:

                                =IF(MONTH(DATE($B$1,$M$4,1)+SEQUENCE(6,7)-$M$5)=$M$4,DATE($B$1,$M$4,1)+SEQUENCE(6,7)-$M$5,"")

                                This is an array formula, so you just need to enter it in cell D5, and the result would spill automatically to all the other cells in the calendar.

                                Note: This formula would only work in Excel for Microsoft 365, Excel 2023, and Excel for the web. This is because it uses the SEQUENCE function, which is a new formula and is not available in the older version of Excel.

                                In case you’re not using Excel for Microsoft 365 or Excel 2023, you can use the below formula instead:

                                =IF(MONTH(DATE($B$1,$N$4,1)+(ROW()-5)7+COLUMN()-3-$N$5)=$N$4,DATE($B$1,$N$4,1)+(ROW()-5)7+COLUMN()-3-$N$5,"")

                                Enter this formula in cell D5, and then copy and paste it for all the other cells in the calendar grid.

                                The result of the formula is the date serial number, so you may either see a serial number (such as 44562) or a date.

                                While this is good enough, I only want to show the day number.

                                Below are the steps to change the format of the cells to only show the day number from the date value:

                                Select all the cells in the calendar

                                Hold the Control key and press the 1 key (or Command + 1 if using Mac). This will open the Format Cells dialog box

                                Select the Numbers tab in the Format Cells dialog box (if not selected already)

                                In the Category options. select Custom

                                In the Type field, enter d

                                The above steps would only display the day number in the calendar.

                                As I mentioned, I broke down the formula to make it easier for you to understand how it works. In the templates you download, I have used one single formula only to generate the entire calendar.

                                The next step in making this dynamic calendar would be to add a dynamic title – that would tell us for what month and year does the calendar shows.

                                While I can see these values in cells P1 and P2, it would be easier if I create a title that shows me the month and year value right above the calendar.

                                To do this, I have used the below formula in cell D3:

                                =B2&" "&B1

                                This is a simple concatenation formula that combines the value in cell B2 and cell B1 (separated by a space character)

                                If you make any changes in the month and year selection, this value would automatically update along with the calendar.

                                I’ve also done the below cosmetic changes to make it look like a header and align it to the center of the calendar:

                                This one is simple.

                                Just select all the days in the calendar which represent the weekend and give it a different color.

                                In this example, since Saturday and Sunday are weekend days for me, I have highlighted these inner light yellow color

                                And the final thing that I want to do in this calendar is to highlight all the days that are holidays in a different color.

                                As one of the previous steps, we already created a separate holiday worksheet where I listed all the holidays for the current year.

                                Something as shown below:

                                Below are the steps to highlight all these holiday dates in the calendar:

                                In the New Formatting Rule dialog box, select the option – ‘Use a formula to determine which cells to format’

                                In the field that shows up, enter the following formula:

                                =ISNUMBER(VLOOKUP(D5,Holidays!$B:$B,1,0))

                                The above steps apply a conditional formatting rule in the selected cells, where each date in the calendar is checked against the holiday list that we provided.

                                In case the formula finds a date in the holiday list, it’s highlighted in the specified color, else nothing happens

                                That’s it!

                                If you follow the above steps, you will have an interactive dynamic monthly calendar that would automatically update when you make the year and month selection. It would also automatically highlight those dates that are holidays.

                                Just like the monthly calendar, you can also create a yearly calendar that automatically updates when you change the year value.

                                The first step in creating the yearly calendar is to create an outline as shown below.

                                Here I have the year value in the first row, and then I have created the monthly grids where I’ll populate the dates for the 12 months. I have also highlighted the weekend dates (for Saturday and Sunday) in yellow.

                                For the yearly calendar, we don’t need the Month Names sheet, but we would still be using the holiday list in the Holidays sheet to highlight those dates that are a holiday.

                                Now let’s start building this yearly calendar.

                                For this yearly calendar to work, I will somehow need to refer to the month value in the formulas for that month (i.e. 1 for Jan, 2 for Feb, and so on)

                                Let me show you a cool trick that will allow me to use the month number but at the same time instead of showing the number show the month name instead

                                Follow the below steps to do this:

                                In cell B3, which is the left-most cell above the first month calendar grid, enter 1

                                With cell B3 selected, hold the Control key and press the 1 key (or Command + 1 for Mac). This will open the Format Cells dialog box

                                In the Format Cells dialog box, make sure the Number tab is selected

                                In the ‘Type’ field on the right, enter the text “January”

                                The above steps format cell B3 to show the full month name. And the good thing about this is that the value in the cell still remains 1, and I can use these values in the formulas.

                                So while the value in cell B3 is 1, it is displayed as a January.

                                Pretty Cool… right!

                                When you do the above, you may see the ## signs instead of the month name. This happens when the cell width is not enough to accommodate the entire text. Nothing to worry about – this will be sorted we align the text in the center (covered next)

                                You need to repeat the same process for all the months – where you enter the month number in the top-left cell in the above row off the calendar month grid (I,e, 2 in J3 and 3 in R3, and 4 in M12 as so on).

                                And for all these numbers, you need to open the format cells dialog box and specify the month name for each number.

                                This is just a one-time setup, and you won’t be required to do this again.

                                Also, you can reposition the name of the month so that it appears in the center above the monthly calendar grid.

                                You can do this using the Center Across Selection technique.

                                To do this:

                                After doing this, the month names will be shown right above the monthly calendar and aligned to the middle.

                                You can also format the month name if you want. In the calendar I have made, I made the month name bold and changed the color to blue.

                                Once you have done this for all the months, you will have the structure in place, and we can go ahead and enter the formulas.

                                Similar to the monthly calendar, you can use the below formula for January:

                                =IF(MONTH(DATE($B$1,$B$3,1)+SEQUENCE(6,7)-WEEKDAY(DATE($B$1,$B$3,1),2))=$B$3,DATE($B$1,$B$3,1)+SEQUENCE(6,7)-WEEKDAY(DATE($B$1,$B$3,1),2),"")

                                As soon as you enter the formula in cell B5 for January, it will spill and fill the entire grid for the month.

                                And again, since we are using the SEQUENCE formula, you can only use this in Excel for Microsoft 365, Excel 2023, and Excel for the web.

                                You can use the same formula for other months as well, with one minor change (replace $B$3 with $J$3 for February, $B$3 with $R$3 for March, and so on).

                                This is because we have the month number for each month in a different cell, and we need to refer to the month value for each month in the formula.

                                And the final step of creating this dynamic yearly calendar is to highlight those dates that are holidays (these dates are specified in the holiday worksheet).

                                Below are the steps to do this:

                                In the New Formatting Rule dialog box, select the option – ‘Use a formula to determine which cells to format’

                                In the field that shows up, enter the following formula: =ISNUMBER(VLOOKUP(B5,Holidays!$B:$B,1,0))

                                The above steps would check all the dates in January and highlight those that are marked as a holiday in the holiday worksheet.

                                You will have to repeat this process for all the months with one minor change.

                                In the following formula that we use in conditional formatting, you need to replace cell B5 with the top-left cell reference of that month.

                                For example, if you are doing it for February, then instead of B5, use J5, and for March, use R5.

                                Once done, all the holidays will be highlighted in the yearly calendar as shown below.

                                In the downloadable templates that I have provided, I have made sure that the entire calendar would fit one single sheet when printed.

                                So this is how you can create an interactive calendar in Excel that automatically updates when you change the month value and the year value.

                                I hope you found this tutorial useful.

                                Other Excel tutorials you may also like:

                                How To Print Object Array In Javascript?

                                In this tutorial, we will learn how to print object arrays in JavaScript.

                                What is an object array or an array of objects? An array of objects is used to store a fixed-size sequential collection of identical elements and store many values in one variable.

                                Next, we will see the options to print an array of objects in JavaScript.

                                Using the stringify() Method of the JSON Object

                                Users can follow the syntax below to use this.

                                Syntax JSON.stringify(v,r,s)

                                In the syntax above, the last two parameters are optional.

                                Parameters

                                v − This is the array of objects.

                                r − This is the replacer. It can change the output by altering or eliminating values. The method will print all values if the r value is null or unspecified. Either a function or an array is used as a replacer.

                                s − This is the spacing value for the output display. It is for readability purposes. Nothing, null, string, or 1-10 are the possible values of this parameter. If the value is less than 1, JSON print will not have space. If the value is greater than 10, 10 only is taken for indentation. If the value is a string, either the string or the first ten characters of the string are considered for spacing.

                                Example

                                Here in this code, we are taking an array of objects. JSON.stringify() is called directly with this value. Here, the indentation is 1. A condition is given to display the name key alone from the JSON object. This is the second parameter.

                                let

                                arr

                                =

                                [

                                {

                                name

                                :

                                “Orange”

                                ,

                                value

                                :

                                1

                                }

                                ,

                                {

                                name

                                :

                                “Grapes”

                                ,

                                value

                                :

                                2

                                }

                                ,

                                {

                                name

                                :

                                “Apple”

                                ,

                                value

                                :

                                3

                                }

                                ]

                                ;

                                document

                                .

                                getElementById

                                (

                                “idPrint”

                                )

                                .

                                innerHTML

                                =

                                JSON

                                .

                                stringify

                                (

                                arr

                                ,

                                null

                                ,

                                4

                                )

                                ;

                                Using console.table() Method

                                Here we will learn how the console.table() method works. This method strictly needs one input. The input is either an array or an object. The method also processes nested cases of both the array and the objects. The second parameter is the column, which is optional.

                                All browsers that use standard consoles support this method, and Internet Explorer does not support it.

                                Users can follow the syntax below to use this.

                                Syntax console.table(d, c)

                                In the syntax above, we need to give the array of objects as the first input.

                                Parameters

                                d − An array of objects.

                                c − Here, we need to specify the key names of the object. The specified key’s keyvalue pairs only will is displayed in the output.

                                Example

                                We are creating an array of objects in this example program using the new method. This data is given as the first parameter to the console.table() method.

                                Here, three objects are there in the input. But we have restricted to display of only two in the table format. The key names of the required objects are given as the second parameter. The console.log() method with the program title in the first parameter and the CSS values as the next parameters display the styled title in the following output.

                                Users need to open the console to see the output for the below example.

                                function

                                infoDisp

                                (

                                id

                                ,

                                name

                                ,

                                job

                                )

                                {

                                this

                                .

                                Id

                                =

                                id

                                ;

                                this

                                .

                                Name

                                =

                                name

                                ;

                                this

                                .

                                Work

                                =

                                job

                                ;

                                }

                                const

                                a

                                =

                                new

                                infoDisp

                                (

                                1

                                ,

                                “John”

                                ,

                                “Doctor”

                                )

                                ;

                                const

                                b

                                =

                                new

                                infoDisp

                                (

                                2

                                ,

                                “Grace”

                                ,

                                “Homemaker”

                                )

                                ;

                                const

                                c

                                =

                                new

                                infoDisp

                                (

                                3

                                ,

                                “Eagan”

                                ,

                                “Not working”

                                )

                                ;

                                console

                                .

                                log

                                (

                                %

                                cThe JavaScript program prints an array

                                of

                                objects using

                                %

                                cconsole

                                .

                                table

                                (

                                )

                                method

                                ‘, ‘

                                font

                                weight

                                :

                                bold

                                ;

                                font

                                size

                                :

                                16

                                px

                                ;

                                color

                                :

                                #

                                000000

                                ;

                                ‘, ‘

                                font

                                weight

                                :

                                bold

                                ;

                                font

                                style

                                :

                                italic

                                ;

                                font

                                size

                                :

                                16

                                px

                                ;

                                color

                                :

                                #

                                000000

                                ;

                                )

                                ;

                                console

                                .

                                table

                                (

                                [

                                a

                                ,

                                b

                                ,

                                c

                                ]

                                ,

                                [

                                “Name”

                                ,

                                “Work”

                                ]

                                )

                                ;

                                This tutorial helped us to learn about the two ways to print an object array. We use the console.dir() generally to verify the object array. To display the object array on the page, JSON.stringify() is used.

                                We can use the console if we need the table format of the object array.table() method. The only drawback is that some consoles do not support this method. Some console displays the column names in ascending order. That is, the actual object key order is lost.

                                In short, both methods are simple. Users have choice to choose any method according to their print requirements.

                                How To Create Graphs In Excel?

                                Types of Graphs in Excel

                                We have seen multiple uses of Excel in our professional lives; it helps us analyze, sort, and extract insights from data. One feature of Excel helps us put insights gained from our data into a visual form. This feature helps us display data in an easy to understand pictorial format. We are talking about graphs in Excel. Excel supports most of the commonly used graphs in statistics.

                                Creating different types of graphs in Excel according to our data is very easy and convenient when it comes to analysis, comparing datasets, presentations, etc. In this article, we will discuss the six most commonly used types of graphs in Excel. We will also discuss selecting the correct graph type for some data.

                                Common Types of Graphs in Excel

                                The most common types of graphs used in Excel are:

                                Pie Graph

                                Column Graph

                                Line Graph

                                Area Graph

                                Scatter Graph

                                Let’s understand Excel’s different types of graphs and how to create them. We will start with a few examples of types of graphs in Excel.

                                You can download this Types of Graphs Excel Template here – Types of Graphs Excel Template

                                1. The Pie Graph

                                As the name suggests, the pie graph displays data as a pie or circle. This graph type is used for showing the proportions of a whole. For example, if we want to compare who did how much work in a team, we would use a pie graph to display it in an easy way to understand.

                                So our data looks like this:

                                It would now look like this:

                                We can also use different types of pie graphs, such as a 3D pie graph, pie of pie, bar of pie, or doughnut graph, to represent the same data.

                                2. The Column or Bar Graph

                                The next one in the list is a column graph, also called a bar graph in statistics. We use these different types of graphs to see and compare values across a range. The same data that we used in the pie graph example would look like this:

                                Different bar graphs are available in Excel, such as stacked columns, 100% stacked column, 3D columns, etc. These types of graphs can be used for expanded datasets. For example, we have been working with only two columns in the last two examples, now; if we want to include the hours worked as a third column and compare the hours worked with the number of datasets visually, we can either use a stacked column or a 100% stacked column which would look like this:

                                The difference between these is that while a stacked column represents actual values, a 100% stacked column represents the values as percentages. There are 3D version as well as horizontal versions of these graphs in Excel.

                                3. The Line Graph

                                The next type of graph we are going to discuss is called a line graph. This type of graph is used when we need to visualize data like an increasing or decreasing series over a period. This is an excellent Excel graph for representing trends and comparing performance. For example, if we wanted to see how the current rise compares to the last raise for different people in the earlier examples, we would get something like this:

                                We can see that Rohit is the only one whose pay raise has increased, while other’s pay raise percentages have remained constant over the last year. We have different line graphs or line graphs available in excel, such as stacked and 100% stacked lines.

                                Stacked lines like stacked columns represent percentages instead of actual values.

                                4. The Area Graph

                                The area graph is available within the line graph menu. This is used for the same purpose as the line graph, which visualizes trends and compares data. In this example, we represent the relationship between the number of datasets worked on by an analyst and the number of hours they worked.

                                The stacked area graph on the right is used to draw attention to the difference in magnitude of the two categories and displays the values as percentages.

                                5. The Scatter Graph

                                The Scatter graph is a simple representation of data points in Excel. It is used when we need to compare at least two sets of data with a limited number of data points.

                                Many more types of graphs are available in Excel, such as Hierarchy graph, Radar graph, Waterfall graph, and Combo graphs which are combinations of two or more graphs. All these are used based on specific conditions fulfilled by the data, such as the type of data, the number of data points, etc.

                                How to Create Graphs in Excel?

                                Now that we have gone through a few examples of types of graphs in Excel, we will learn how to make these graphs. The same procedure is used to make all the graphs. They are enumerated sequentially below:

                                1. First, choose the data you want to represent in the graph. In this case, we will select Analyst and Datasets from the practice table:

                                3. Select the required graph from the different types of graphs; in this case, we are making a bar graph which is a horizontal column graph, but you can select any graph that suits the data you are working on:

                                Things to Remember

                                Know your data before making a graph. A type of graph that may suit a time series may not be suitable for a set of unpatterned data.

                                Sort the data before making graphs.

                                Do not use unnecessary styling while making the graph.

                                Recommended Articles

                                This has been a guide to Types of Graphs in Excel. Here we discussed Different types of Graphs in Excel and how to create these different types of Graphs in Excel, along with practical examples and a downloadable Excel template. You can also go through our other suggested articles –

                                Ipmt In Excel How To Use Ipmt Function In Excel? (With Examples)

                                IPMT Function in Excel

                                IPMT Function calculates a specific portion of interest based on the loan amount and tenure. The syntax of IPMT is quite similar to the syntax of PV Function in Excel, which all have seen earlier. To understand better, IPMT helps used to distinguish between different portions or segments of any loan and to what time how small amount is to be paid based on the interest applicable can be calculated.

                                IPMT Formula in Excel:

                                Start Your Free Excel Course

                                Excel functions, formula, charts, formatting creating excel dashboard & others

                                Explanation of IPMT Function in Excel

                                There are six parameters used for the IPMT function. Four parameters are compulsory, and two are optional.

                                Parameter details are as follows:

                                Compulsory Parameters:

                                Rate: The interest rate per period.

                                Per: The period for which you want to find the interest and must be in the range 1 to n per.

                                Nper: The total number of payment periods in an annuity.

                                Pv: The present value, or the lump-sum amount that a series of future payments is worth right now.

                                Optional Parameters:

                                [FV]: It is an optional argument. The FV or a cash balance you want to attain after the last payment is made. If FV is omitted, excel assumes it to be 0 (the future value of a loan, for example, is 0).

                                [Type]: This is also an optional argument. The number 0 or 1 indicates when payments are due. If this argument is omitted, Excel assumes it to be 0.

                                The Type can be 0 or 1, where:

                                1 = The payment is made at the start of the period.

                                How to Use the IPMT Function in Excel?

                                IPMT function in Excel can be used as a worksheet function and a VBA Function. Here are some examples of the IPMT functions to understand the working of the IPMT function in Excel.

                                You can download this IPMT Function in Excel Template here – IPMT Function in Excel Template

                                Example #1

                                Interest payment made for months 1 and 2 of a loan of $70,000, which is to be paid after 6 years. An interest rate of 6% per year, and the payment to the loan is to be made at the end of each month.

                                Result is :

                                To convert the annual interest rate of 6% into the monthly rate (=6%/12) and the number of periods from years to months (=6*12).

                                Example #2

                                Interest during quarters 1 and 2 of an investment is required to increase investment from $0 to $6,000 over 3 years. The interest rate of 4.5% per year, and the payment into the investment is to be made at the beginning of each quarter.

                                Result is :

                                The annual interest rate has been converted into a quarterly rate (4.5%/4)

                                The number of periods has been converted from years to quarters (=3*4).

                                The [type]argument has been set to 1 to indicate that the payment will be made at the start of each quarter.

                                The interest for the first quarter is zero, as the first payment is made at the start of the quarter.

                                Note:

                                * Use N%/12 for rate and N*12 for nper when there are monthly payments. N%/4 for rate and N*4 for nper when quarterly payments and N% for rate and N for nper when there are annual payments.

                                *Cash paid out is shown as negative numbers. Cash received is shown as positive numbers.

                                Things to Remember

                                Below are a few error details that can come in the IPMT function as the wrong argument will be passed in the functions.

                                2. Error handling #VALUE!: IPMT function through a #VALUE! Error when any non-numeric.

                                VBA Function Example: 

                                The IPMT function can also be used in VBA code.

                                For example:

                                Recommended Articles

                                This has been a guide to IPMT in Excel. Here we discuss the IPMT Formula in Excel and how to use the IPMT function in Excel, along with practical examples and downloadable Excel templates. You can also go through our other suggested articles –

                                How To Use Val Function In Excel Vba With Excel Template

                                VBA Val Function

                                VBA Val stands for Value. It converts the arrays or string which has some numbers into pure numerical values. Suppose if we give “111 One” as input then we will get only “111” as numerical output. This is quite useful while working in a data which we extract from some kind of database. In that database file, we may encounter such cells which may contain numbers along with extra spaces, hidden characters, special characters or alphabets. In that case, using Val can convert that string into numbers. Which can be used in further analysis.

                                How to Use Excel Val Function in VBA?

                                Let’s see the examples of Val in Excel VBA.

                                Watch our Demo Courses and Videos

                                Valuation, Hadoop, Excel, Mobile Apps, Web Development & many more.

                                You can download this VBA VAL Excel Template here – VBA VAL Excel Template

                                Example #1 – VBA Val

                                It is quite easy to implement. For multiple types of applications and codes, we will first form a frame of code which we will be using multiple times in further examples.

                                Step 1: Go to Insert menu tab and select a Module as shown below.

                                Step 2: After that, we will get the blank window of Module. In that, write the sub category of VBA Val in excel or you can use any other name of subcategory as per your need.

                                Code:

                                Sub

                                VBA_Val()

                                End Sub

                                Code:

                                Sub

                                VBA_Val()

                                Dim

                                A

                                As Variant

                                End Sub

                                Step 4: And now assign any type of number sequence to variable A under VBA function VAL. We have assigned a combination of sequential number for demonstration as shown below with spaces between them.

                                Code:

                                Sub

                                VBA_Val() Dim A As Variant A = Val("11 22 33")

                                End Sub

                                Step 5: At last we will need a message box to print the values stored in variable A.

                                Code:

                                Sub

                                VBA_Val()

                                Dim

                                A

                                As Variant

                                A = Val("11 22 33") MsgBox A

                                End Sub

                                Example #2 – VBA Val

                                In this example, we will see how VBA Val function is used for number containing some mathematical signs. For this, we will consider the code written above. We have taken out the frame of the code which will be used all the examples, as shown below.

                                Step 1: Go to Insert menu tab and select a Module as shown below

                                Step 2: As highlighted in the below screenshot, we will keep updating the value between brackets of VAL Function.

                                Code:

                                Sub

                                VBA_Val2()

                                Dim

                                A

                                As Variant

                                A = Val("") MsgBox A

                                End Sub

                                Step 3: Now let’s insert any number with mathematical sign plus (“+”) as shown below.

                                Code:

                                Sub

                                VBA_Val2()

                                Dim

                                A

                                As Variant

                                A = Val("+111") MsgBox A

                                End Sub

                                Step 4: Now compile and run the code. We will see, VBA Val has given the values as 111 without the plus sign. It is because logically all the values with or without plus signs are always positive in nature.

                                Step 5: Let’s change the value in Val function from +111 to -111. Now we will see if minus sign gets converted into the value or not.

                                Code:

                                Sub

                                VBA_Val2()

                                Dim

                                A

                                As Variant

                                A = Val("-111") MsgBox A

                                End Sub

                                Step 6: Compile the code and run. We will see, the minus sign is still retained in the value and message box has returned the value as -111. Which means any sign other than plus will not get converted with Val function in VBA.

                                Example #3 – VBA Val

                                In this example, we will see, how Val function would work for time formats.

                                Step 1: For this again we will use the above-defined format for Excel VBA Val as shown below.

                                Code:

                                Sub

                                VBA_Val3()

                                Dim

                                A

                                As Variant

                                A = Val("") MsgBox A

                                End Sub

                                Step 2: Now insert any time format in VAL function as circled in the above screenshot. Here we are adding 11 AM as shown below.

                                Code:

                                Sub

                                VBA_Val3()

                                Dim

                                A

                                As Variant

                                A = Val("11 AM") MsgBox A

                                End Sub

                                Step 3: Now compile the code and run. We will see, VAL function has eliminated AM from 11 AM and given us only 11 as output as shown below.

                                Step 4: Now let’s use some different format. Use any minutes with hours. We have used value 11:05 under Val brackets.

                                Code:

                                Sub

                                VBA_Val3()

                                Dim

                                A

                                As Variant

                                A = Val("11:05 AM") MsgBox A

                                End Sub

                                Step 5: Again compile and run the code. Again Val function has removed colon and minutes numbers along with AM and given us the whole number 11 as shown below.

                                Example #4 – VBA Val

                                In this example, we will see how the date format works in this.

                                Code:

                                Sub

                                VBA_Val4()

                                Dim

                                A

                                As Variant

                                A = Val("") MsgBox A

                                End Sub

                                Step 2: Now insert any date format as per your need. We can insert data in a hyphen (“-“) format in a slash (“ / “) format. Let’s use the slash date format which is most often used.

                                Code:

                                Sub

                                VBA_Val4()

                                Dim

                                A

                                As Variant

                                A = Val("06/26/2023") MsgBox A

                                End Sub

                                Step 3: Now compile the code and run it. We will see VBA Val has returned the numerical values as “6”. Values after slash are not accepted by VBA Val.

                                Example #5 – VBA Val

                                In this example, we will see how this will work when the numbers are after the text.

                                Step 1: Take the format which we have seen above.

                                Code:

                                Sub

                                VBA_Val2()

                                Dim

                                A

                                As Variant

                                A = Val("") MsgBox A

                                End Sub

                                Step 2: In Val function brackets, let’s put some text and numbers. Let’s consider “AB 11” as shown below.

                                Code:

                                Sub

                                VBA_Val2()

                                Dim

                                A

                                As Variant

                                A = Val("AB 11") MsgBox A

                                End Sub

                                Step 3: Now run it. We will see, in the message box, only 0 is appearing. Which means VBA Val doesn’t consider the numbers after characters or text.

                                Pros of VBA Val

                                It can be used in the data which is extracted from some kind of tool or database. Which consists of different kind of characters along with numbers.

                                It is quite easy to separate numbers by using VBA Val in any kind data.

                                We can choose any format which consists of a number or set of number to separate it from other characters.

                                Things to Remember

                                It also considers the decimals.

                                Save the file as Marco enable excel so that written would be retained.

                                If record this process in VBA, then obtained code will be much lengthier than the examples which we have seen above.

                                There is not an alternate insert function available in Excel which gives the same result as VBA Val.

                                Recommended Articles

                                This is a guide to VBA Val. Here we discuss how to get Val in VBA Excel along with practical examples and downloadable excel template. You can also go through our other suggested articles –

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