Compact mode

PMT vs SUMIFS

PMT

Known for Calculate Loan Payments

SUMIFS

Known for Multiple Condition Sum

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

Basic Classification Comparison

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis

SUMIFS

Mathematical

SUMIFS belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

Both*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

For whom 👥

Target user groups who would benefit most from using this Excel function

Both*

Financial Professionals

Excel functions essential for financial analysis and planning

Accountants

Excel functions commonly used by accountants for financial tracking and reporting

SUMIFS

Data Analysts

SUMIFS is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

Both*

Financial Calculations

Excel functions designed for financial analysis and monetary calculations

SUMIFS

Data Analysis

SUMIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

SUMIFS

Multiple Condition Sum

SUMIFS is known for Multiple Condition Sum.

History Comparison

Creation Date 📅

Original release date of the Excel function

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.

SUMIFS

Excel 2007

SUMIFS was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.
Created By 👤

Organization or team responsible for developing the function

Both*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

PMT

Most used function in banking industry

SUMIFS

Enhanced version of SUMIF
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

SUMIFS

When one condition isn't complicated enough

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

Both*

Intermediate

Excel functions with moderate complexity for various tasks

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

Both*

Number

Excel functions specifically designed for numerical calculations

SUMIFS

Array

SUMIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

Both*

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

SUMIFS

Microsoft 365

SUMIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

Excel Online

SUMIFS is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform

Excel 2007

SUMIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version

Excel 2010

SUMIFS is compatible with Excel 2010 Excel functions that work specifically in Excel 2010 version
Operating System 💾

Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms

Both*

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

Both*

3
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

Both*

Number

Excel functions that perform calculations specifically with numerical inputs

Number

Excel functions that perform calculations specifically with numerical inputs

Number

Excel functions that perform calculations specifically with numerical inputs

SUMIFS

Range

SUMIFS accepts Range as input types Excel functions that operate on cell ranges for calculations

Array

SUMIFS 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

Both*

Accurate Calculations

PMT

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability

Reliable

SUMIFS

Multiple Conditions

Flexible For Multiple Criteria

Handles Large Datasets

Functions optimized for processing and analyzing large amounts of data efficiently

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn

Multiple Conditions Support

Excel functions handling multiple conditions enable complex logical operations and flexible data filtering

Accurate Results

Functions that provide precise and reliable computational results

Flexible

Versatile Conditional Summing

Excel functions that can perform flexible conditional sum calculations based on multiple criteria

Supports Multiple Criteria

Powerful For Multiple Criteria

Flexible Conditions
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

SUMIFS

Complex For Beginners

Needs Sorted Data

Functions that only work correctly when the data is pre-sorted in a specific order Click to see all.

Complex Syntax For Beginners

Limited To Sum Operations

Performance Issues With Large Ranges

Cannot Use OR Conditions

Complex Syntax

Can Be Slow With Large Datasets

Functions that process large amounts of data may significantly impact spreadsheet performance Click to see all.

Limited To Sum Operation Only

Functions that can only add values without other mathematical operations Click to see all.

Requires Sorted Data