Compact mode
SUM vs PMT vs MAXIFS
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesSUMPMTMAXIFSOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsFor all*- CalculationExcel functions for performing various calculations
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionSUM- Data AnalystsSUM is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- Business ManagersSUM is designed for Business Managers. Excel functions helpful for business management and decision making Click to see all.
PMT- Financial ProfessionalsPMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsPMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
MAXIFSPurpose 📝
Primary purposes and use cases of the Excel functionSUM- Data AnalysisSUM is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.
- Data AggregationSUM is used for Data Aggregation. Functions for combining and summarizing data Click to see all.
PMTMAXIFS
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionSUM- Basic Arithmetic CalculationsSUM is known for Basic Arithmetic Calculations.
PMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
MAXIFS- Multiple Criteria MaxMAXIFS is known for Multiple Criteria Max.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionSUM- Most commonly used function in Excel
PMT- Most used function in banking industry
MAXIFS- Can handle up to 127 criteria pairs
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionSUM- Making adding numbers look complicated since 1985
PMT- The function that reminds you of your debts
MAXIFS- Like finding the tallest person who likes both pizza and sushi
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelySUMPMTMAXIFS
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersFor all*- NumberExcel functions specifically designed for numerical calculations
MAXIFSVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2016Excel functions that work specifically in Excel 2016 version
SUM- Excel 2019SUM is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
- Excel 2013SUM is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
- Microsoft 365SUM is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
- Excel OnlineSUM is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform
PMT- Excel 2019PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
- Excel 2013PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
MAXIFS- Microsoft 365MAXIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
Operating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsFor all*- WindowsExcel functions optimized for Windows operating system
- MacOSExcel functions optimized for MacOS users
SUM- Web ExcelSUM runs on Web Excel Excel functions available in web-based versions
PMT- Web ExcelPMT runs on Web Excel Excel functions available in web-based versions
Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlySUMPMTMAXIFSRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
SUM- RangeSUM accepts Range as input types Excel functions that operate on cell ranges for calculations
- ArraySUM accepts Array as input types Excel functions that specifically work with array inputs for calculations
MAXIFS- RangeMAXIFS accepts Range as input types Excel functions that operate on cell ranges for calculations
- TextMAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionSUM- Easy To Use
- Widely Recognized
- Versatile
- Fast Calculation
PMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability
- Reliable
MAXIFS- Multiple Condition Support
- Array HandlingFunctions that efficiently process arrays and ranges of data
- Efficient Processing
Cons ❌
Limitations and potential drawbacks of the Excel functionSUM- Limited To Numbers Only
- Cannot Handle Text
- No Text Handling
PMT- Negative Number Output
- Complex Parameters
MAXIFS
Ratings Comparison
Alternatives to SUM
COUNTA
Known for Count Non-Empty Cells
⚙
performs better than SUM
SUMIFS
Known for Multiple Condition Sum
🔢
needs fewer arguments than SUM
AVERAGE
Known for Basic Statistical Calculation
⚙
performs better than SUM
MAX
Known for Finding Highest Value
⚙
performs better than SUM
MIN
Known for Finding Lowest Value
⚙
performs better than SUM
ROUND
Known for Round Numbers
🔢
needs fewer arguments than SUM
⚙
performs better than SUM
IF
Known for Conditional Statements
🔢
needs fewer arguments than SUM
📈
is more versatile than SUM