There you have it! Instead of four columns worth of formulas, you now only have one to worry about. They are now being evaluated within the AND statement. They are the formulas we previously had broken out into three separate columns.
The next three formulas probably look familiar. We are wrapping our three criteria for getting a bonus on a sale in this AND statement because all three of them must be true to qualify for a bonus. The reader is provided with the generic syntax for the IF function and then given an example, with illustrations, of a logical test using number. This is the opposite of an OR statement in that it will only return a TRUE if every expression in the statement is TRUE. This is a basic guide to using the IF function in Excel. If it does, it will do the bonus calculation, if not, it will return a 0. The IF statement is going to determine if this sale qualifies for the bonus. IF statements evaluate logic you provide it, then do something based on whether that criteria returns true or false. We combined all the above formulas into one nested formula. We now just have one column called "Bonus Calculation". The first thing you notice, all those columns are gone. Let's look at the below, re-worked example. However, you have four columns worth of them! What if we could compress all of that into one formula. The THEN part of the function comes after the first comma and includes two arguments separated by a comma. This is where you use comparison operators to compare two values. IFS (Something is True1, Value if True1,Something is True2,Value. This is the proper syntax of the IF-THEN function: IF (logic test,value if true,value if false) The IF part of the function is the logic test. That means the order of the conditions is important. It returns a value that for the first TRUE condition. IFS function has matching pairs of conditions and return values. It’s an alternative for nested IF statements. Now, these formulas work and will return the results you need to figure out the bonus amounts. A recent addition, only in Excel 365 and Excel 2019. For the sales that meet all three requirements, this formula takes the amount over $150 and multiplies it by 25%. That’s all I have for you on nested IF formula. Stay tuned for my next article on IFS formula. IFS formula considers multiple conditions in one column only. When using nested IF formula, you are combining conditions from different columns. IFS formula: IFS formula is not the same as nested IF formula. Also, take a shot each time you see the word “parenthesis” in this paragraph. Make sure that all of your IF formulas have open parenthesis, only the last formula will close all of the pervious IF formulas with closed parenthesis. Parenthesis: always start the formula with one parenthesis and end the formula with the number of parenthesis that equals to the number of total IF formulas used. In the remaining case, which is age limit under 12 and niceness equals to “Nice”, the formula returns us “Present” (Kim). If the age is under 12, the formula goes to the second condition and looks at the column C: if the column C value does not equal to “Nice”, the formula returns us “Coal” (Jim). In our example above with the Santa’s list, we are asking Excel to look at the column B and see if the person’s age is over our age limit of 12: if yes, then the person will not get a present from Santa (Sam & Jon). However, when nesting the IF formula our syntax changes to the following: IF x, then y, else look at the next condition and IF x, then y, else look at the next condition, and finally after meeting all of the conditions give me z. The syntax of the nested IF formula is similar to the syntax of the IF formula: IF x, THEN y, ELSE give me z. Fear not, as you can conveniently find everything you need to know about IF formula here. To understand nested IF formula you should be familiar with the IF formula. I am pretty sure that’s the way he does it. 
Santa can use excel nested IF formula to analyze who will get a present and who will get a coal. However, to receive a gift a person needs to be under certain age (condition 1) and nice (condition 2).
For example, say you are Santa Clause giving presents to kids. Nested IF formula is used when dealing with several conditions. It is possible to nest multiple IF functions within one Excel formula. As a worksheet function, the IF function can be entered as part of a formula in a cell of a worksheet. It can be used as a worksheet function (WS) in Excel. One of these nested functions I personally use quite often is the nested IF formula. The IF function is a built-in function in Excel that is categorized as a Logical Function. Excel allows users to use formulas inside of other formulas, which is called nesting.
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