The solution below is based on the SUMPRODUCT function, the MONTH function, andBoolean algebra.

For convenience,amount(C5:C16) anddate(B5:B16) arenamed ranges.

All remaining values are FALSE, since other dates do not occur in January.

Excel formula: Sum by month

This step is necessary because we don’t have a math operation doing this conversion automatically.

Excel formula: Summary count by month with COUNTIFS

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Excel SUMPRODUCT function

Excel MONTH function

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