The SUMIF function in Excel allows you to quickly add a range of values based on a set of criteria. It is a versatile formula that can be used in a variety of ways, from adding up sales figures to calculating a budget.
You can use the formula to add up the sales figures for a specific item in a range of cells that contains multiple items and to add up the total sales for a particular region in a range of cells that contains multiple regions.
The function can calculate a budget just add up the budget figures for a particular expense in a range of cells that contains multiple expenses. Or add up the budget figures for a particular region in a range of cells that contains multiple regions.