SUMIFS is an essential Excel function that allows you to sum values from a range that meet multiple criteria. Unlike the basic SUMIF function, SUMIFS can evaluate a range of values based on two or more conditions. This is a game-changer for financial analysis, as it allows you to filter and summarize large datasets with precision.

When working with multiple sheets in Excel, you may want a formula to pull values from different sheets automatically. Instead of hard-coding the sheet name inside the formula, you can place the sheet names in cells, and let Excel reference them dynamically. This makes your workbook flexible, scalable, and much easier to manage.