How to Consolidate Excel Files using Python for Finance Professionals — A beginners guide

For us finance professionals, data is king, and the ability to efficiently consolidate data from multiple Excel files can be a game-changer.

While Excel itself offers tools for data consolidation, they can be time-consuming and prone to errors, especially when dealing with large datasets.

I remember that on one of my first jobs in Finance, a big part of my job was receiving different Excel files from various functions, departments and geographies and then having to consolidate all of them into one file in a way that made sense. After many hours of manual consolidation of files, then I could really start my job at analysing financial data.

And I had to repeat the process every month!

Until I learnt about Python, and how easy was to handle that.

In this article, I’ll show you how to consolidate Excel files using Python in Google Colab, catering specifically to beginners in finance.

Why Consolidation in Python?

Python is a versatile and powerful programming language that offers numerous libraries and tools for data manipulation, making it an ideal choice for finance professionals. Here are some reasons why consolidating Excel…