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The result we get is:
The SUMIFS formula added up all sales that occurred in January to give 24
(3.5+4.5+12+4) as the result for January. Similarly, we got the results for
February and March.
What happened in this formula is that SUMIFS function totaled up the sales for
the range given using two criteria:
1. One was to match dates greater than or equal to the first day of the month.
2. Second, to match dates less than or equal to the last day of the month.
So the formula worked in this way:
=SUMIFS(revenue, (B3:B11),”>=”&DATE(2017,1,1), (B3:B11),”<=”&DATE(2017,1,31))
Remember in column E, we must first type 1/1/2017 and then, using a custom
format, change it to a custom date format (“mmmm”) to display the month
names. If we don’t do this, the formula will not work properly.
Using concatenation with an ampersand (&) is necessary when building criteria
that use a logical operator with a numeric value. Hence, we added that to the
formula.
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