diff --git a/apache-poi/src/main/java/com/baeldung/poi/excel/setformula/ExcelFormula.java b/apache-poi/src/main/java/com/baeldung/poi/excel/setformula/ExcelFormula.java
new file mode 100644
index 0000000000..f5179b19c9
--- /dev/null
+++ b/apache-poi/src/main/java/com/baeldung/poi/excel/setformula/ExcelFormula.java
@@ -0,0 +1,26 @@
+package com.baeldung.poi.excel.setformula;
+
+import org.apache.poi.xssf.usermodel.XSSFCell;
+import org.apache.poi.xssf.usermodel.XSSFFormulaEvaluator;
+import org.apache.poi.xssf.usermodel.XSSFSheet;
+import org.apache.poi.xssf.usermodel.XSSFWorkbook;
+
+import java.io.File;
+import java.io.FileOutputStream;
+import java.io.IOException;
+
+public class ExcelFormula {
+    public double setFormula(String fileLocation, XSSFWorkbook wb, String formula) throws IOException {
+        XSSFSheet sheet = wb.getSheetAt(0);
+        int lastCellNum = sheet.getRow(0).getLastCellNum();
+        XSSFCell formulaCell = sheet.getRow(0).createCell(lastCellNum);
+        formulaCell.setCellFormula(formula);
+        XSSFFormulaEvaluator formulaEvaluator = wb.getCreationHelper().createFormulaEvaluator();
+        formulaEvaluator.evaluateFormulaCell(formulaCell);
+        FileOutputStream fileOut = new FileOutputStream(new File(fileLocation));
+        wb.write(fileOut);
+        wb.close();
+        fileOut.close();
+        return formulaCell.getNumericCellValue();
+    }
+}
diff --git a/apache-poi/src/main/resources/com/baeldung/poi/excel/setformula/SetFormulaTest.xlsx b/apache-poi/src/main/resources/com/baeldung/poi/excel/setformula/SetFormulaTest.xlsx
new file mode 100644
index 0000000000..a0fe73f0eb
Binary files /dev/null and b/apache-poi/src/main/resources/com/baeldung/poi/excel/setformula/SetFormulaTest.xlsx differ
diff --git a/apache-poi/src/test/java/com/baeldung/poi/excel/setformula/ExcelFormulaUnitTest.java b/apache-poi/src/test/java/com/baeldung/poi/excel/setformula/ExcelFormulaUnitTest.java
new file mode 100644
index 0000000000..fa5baa37fa
--- /dev/null
+++ b/apache-poi/src/test/java/com/baeldung/poi/excel/setformula/ExcelFormulaUnitTest.java
@@ -0,0 +1,51 @@
+package com.baeldung.poi.excel.setformula;
+
+import org.apache.poi.ss.util.CellReference;
+import org.apache.poi.xssf.usermodel.XSSFSheet;
+import org.apache.poi.xssf.usermodel.XSSFWorkbook;
+import org.junit.Assert;
+import org.junit.jupiter.api.BeforeEach;
+import org.junit.jupiter.api.Test;
+
+import java.io.File;
+import java.io.FileInputStream;
+import java.io.IOException;
+import java.net.URISyntaxException;
+import java.nio.file.Paths;
+
+class ExcelFormulaUnitTest {
+    private static String FILE_NAME = "com/baeldung/poi/excel/setformula/SetFormulaTest.xlsx";
+    private String fileLocation;
+    private ExcelFormula excelFormula;
+
+    @BeforeEach
+    public void setup() throws URISyntaxException {
+        fileLocation = Paths.get(ClassLoader.getSystemResource(FILE_NAME).toURI()).toString();
+        excelFormula = new ExcelFormula();
+    }
+
+    @Test
+    void givenExcelData_whenSetFormula_thenSuccess() throws IOException {
+        FileInputStream inputStream = new FileInputStream(new File(fileLocation));
+        XSSFWorkbook wb = new XSSFWorkbook(inputStream);
+        XSSFSheet sheet = wb.getSheetAt(0);
+        double resultColumnA = 0;
+        double resultColumnB = 0;
+        for (int row = 0; row <= sheet.getLastRowNum(); row++) {
+            resultColumnA += sheet.getRow(row).getCell(0).getNumericCellValue();
+            resultColumnB += sheet.getRow(row).getCell(1).getNumericCellValue();
+        }
+        String colNameA = CellReference.convertNumToColString(0);
+        String colNameB = CellReference.convertNumToColString(1);
+        String startCellA = colNameA + 1;
+        String stopCellA = colNameA + (sheet.getLastRowNum() + 1);
+        String sumFormulaForColumnA = String.format("SUM(%s:%s)", startCellA, stopCellA);
+        String startCellB = colNameB + 1;
+        String stopCellB = colNameB + (sheet.getLastRowNum() + 1);
+        String sumFormulaForColumnB = String.format("SUM(%s:%s)", startCellB, stopCellB);
+
+        double resultValue = excelFormula.setFormula(fileLocation, wb, sumFormulaForColumnA + "-" + sumFormulaForColumnB);
+
+        Assert.assertEquals(resultColumnA - resultColumnB, resultValue, 0d);
+    }
+}
diff --git a/excelformula/README.md b/excelformula/README.md
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index 0000000000..86ddaba413
--- /dev/null
+++ b/excelformula/README.md
@@ -0,0 +1,8 @@
+## Apache POI
+
+This module contains articles about Apache POI
+
+### Relevant Articles:
+- [Working with Microsoft Excel in Java](https://www.baeldung.com/java-microsoft-excel)
+- [Read Excel Cell Value Rather Than Formula With Apache POI](https://www.baeldung.com/apache-poi-read-cell-value-formula)
+- [Upload and Display Excel Files with Spring MVC](https://www.baeldung.com/spring-mvc-excel-files)