IF vs PMT vs INDEX
Compact mode

IF vs PMT vs INDEX

Table of content

Basic Classification Comparison

Usage Context Comparison

Basic Information Comparison

  • Known For ⭐
    Distinctive characteristic or primary strength of the Excel function
    IF
    • Conditional Statements
      IF is known for Conditional Statements.
    PMT
    • Calculate Loan Payments
      PMT is known for Calculate Loan Payments.
    INDEX
    • Advanced Data Retrieval
      INDEX is known for Advanced Data Retrieval.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    IF
    • Most nested function
    PMT
    • Most used function in banking industry
    INDEX
    • Often used with MATCH function

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    IF
    • Making simple decisions complicated
    PMT
    • The function that reminds you of your debts
    INDEX
    • The function that makes VLOOKUP feel simple

Technical Details Comparison

  • Input Data Type 📝
    Types of data that the Excel function accepts as input parameters
    IF
    • Boolean
      IF accepts Boolean as input data. Excel functions that work with TRUE/FALSE logical values
    PMT
    • Number
      PMT accepts Number as input data. Excel functions specifically designed for numerical calculations
    INDEX

  • Version Compatibility 💻
    Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.
    For all*
    • Excel 2019
      Excel functions that work specifically in Excel 2019 version
    • Excel 2016
      Excel functions that work specifically in Excel 2016 version
    • Excel 2013
      Excel functions that work specifically in Excel 2013 version
    IF
    • Microsoft 365
      IF is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
    • Excel Online
      IF is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform
    INDEX
    • Microsoft 365
      INDEX is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
    • Excel Online
      INDEX is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform

  • Operating System 💾
    Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms
    For all*
    • Windows
      Excel functions optimized for Windows operating system
    • MacOS
      Excel functions optimized for MacOS users
    • Web Excel
      Excel functions available in web-based versions

  • Required Arguments Count 🔢
    Number of mandatory arguments needed for the function to work properly
    For all*

  • Required Arguments Type 📊
    The data types accepted as valid input arguments for the function
    For all*
    • Number
      Excel functions that perform calculations specifically with numerical inputs
    IF
    • Boolean
      IF accepts Boolean as input types Excel functions that work with true/false logical inputs for decision-making
    • Text
      IF accepts Text as input types Excel functions specialized in text string manipulation and processing
    INDEX
    • Array
      INDEX accepts Array as input types Excel functions that specifically work with array inputs for calculations

Evaluation Comparison

  • Pros ✅
    Key advantages and strengths of the Excel function
    IF
    • Simple Logic Implementation
    • Versatile
    • Flexible
    • Easy To Understand
      Functions with clear and intuitive syntax that are simple to learn
    PMT
    • Accurate Calculations
    • Industry Standard
      Excel functions recognized as industry standards ensure widespread compatibility and reliability
    • Reliable
    INDEX
    • Powerful With MATCH
      Excel functions working with MATCH enable powerful lookup and reference capabilities
    • Flexible Lookup
      Excel functions with flexible lookup capabilities enable versatile data searching and matching
    • Very Flexible
    • Fast Performance
    • Powerful
      Powerful Excel functions offer advanced capabilities for complex calculations and data manipulation
    • Flexible

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    IF
    PMT
    • Negative Number Output
    • Complex Parameters
    INDEX
    • Complex Syntax
    • Requires Understanding
    • Complex For Beginners
    • Requires Understanding Of Arrays
    • Learning Curve

Ratings Comparison

Alternatives to IF
SUM
Known for Basic Arithmetic Calculations
📊 is easier to use than IF
🛠 is more reliable than IF
⭐ is rated higher than IF
LEFT
Known for Text Extraction
📊 is easier to use than IF
XLOOKUP
Known for Dynamic Array Support
FIND
Known for Text Search And Position Finding
COUNT
Known for Counting Numeric Cells
📊 is easier to use than IF
MID
Known for Extracting Text Segments
AND
Known for Multiple Condition Check
📊 is easier to use than IF
⚙ performs better than IF
🛠 is more reliable than IF
SUBSTITUTE
Known for Replace Specific Text
AVERAGEIF
Known for Conditional Average Calculations
OR
Known for Any Condition Check
📊 is easier to use than IF
⚙ performs better than IF
🛠 is more reliable than IF