Add check formulas to your Excel Reports 🚨

How to setup check formulas in your excel report to avoid errors:

The goal of a check formula is to prevent errors in your total formulas. Another way of thinking about this is that you are recreating a formula you already have in your spreadsheet to validate the report formula is picking up all the necessary data.

The goal of your check formula is for it to equal zero; zero is good! And any other result is bad and needs investigation. These “check formulas” can be above or below your actual report, but should be excluded outside the print range. I personally make my check formula obvious, but using large red font usually highlighted in yellow; you can also use conditional formatting too.

Also, check out:

Quickly combine text in Excel with the CONCAT Function
   • Quickly combine text in Excel with the CON...  

How Xlookup and Pivot Tables can Create Dynamic Graphs
   • Use XLOOKUP and Pivot Tables in Excel to C...  

========================================
Follow on Twitter: twitter.com/patrickbrayCPA
========================================

#exceltips #excelformula #checkformulas #financialanalysis #financialformulas #excel #exceltutorial #exceltricks #exceldataanalysis #finance #dataanalysis #analyzing #excelfunctions #financialeducation #exceldata #excelformat #exceldataentrywork #exceldatafiltering #balancesheet #balancesheetcheck #excelchecks