What You Should Know about Formula Auditing in Excel

Excel is an application that allows any business-related professional to keep their data records updated, and to perform complex statistical and analytical operations. In other words, it can be said that Excel is like a register book where you can not only keep all your data registered, but also perform various other important operations on that data. Most of these operations would be next to impossible if you had to handle them manually. The availability of functions and formula auditing in Excel has made running a business much easier.

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What Is an Excel Function?

Before Excel came about, if you were asked to perform a repetitive job—like finding the average of cells in four separate columns—you would have to calculate the average separately for each row through the entire column length. This job was tiring, inefficient, and entirely too time-consuming.

But then came Excel! This marvelous program is pre-loaded with the ability to perform repetitive jobs (like the one described above) within a short span of time, using the library functions.

These functions help you to operate on a select number of cells and generate the result in a new one. Use of functions has made business tasks much less stressful, and that is why Excel is one of the main tools used by businesses everywhere. However, it has its own cons and for that, there is a remedy named function auditing.

What Is Function or Formula Auditing in Excel?

There are times you might have to check for errors, or find the relation between a group of cells and a newly created cell value. This is when function auditing is quite important for anyone using a function to display results. Function auditing is the procedure that enables you to display the relationship between cells and track how a particular function is working.

How Can You Perform Function Auditing?

For finding out the methods of function auditing, you will need to first go to the function tab in Excel where you will find the option. In Excel, there are many ways of auditing a function, the majority of which are discussed below.

Trace Precedents

In the trace precedent method, you can witness the relationships of the cells with the one which is newly created after the application of the formula. Once clicked, a blue box will appear surrounding the formula box, while arrows will be directed to the cells used to derive the data.

Trace Dependent Functions

This is the converse of the trace precedent function. Here, you can keep track of all the formulas, and where you have used the value of the selected cell.

Show Formula Function

This allows you to see what formula you have applied to a particular cell or group of cells. It is quite important to keep track of the formulas you are using.

Checking For Error

When this button is clicked, you are triggering Excel to debug the errors in the formulas, if any are present. The compiler does a thorough check of the entire worksheet in case there is an overlooked mistake.

In this blog you learned about formula auditing in Excel. Stay tuned to Magoosh Excel blogs for more important information!

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