audit excel spreadsheet auditing
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Formulas For Spreadsheets

Formulas For Spreadsheets – Basic To Advanced

Formulas for spreadsheets in Excel are basically a set of commands that inform the software program to make a specific mathematical calculation. Excel formulas are the tool to use for every calculation, from the most basic of formulas to the most complicated, and the software program is in fact so powerful that it has eliminated the necessity for a calculator.

As with everything, it is best to start with the basics before attempting to use more complicated formulas for spreadsheets. The most basic formula is of course addition. Every formula in Excel, no matter how simple or advanced, begins with an equal sign. After the equal sign an amount can be entered with instruction symbol plus (+) for addition followed by a second amount. The enter key will then allow Excel to add the two amounts and only the result will be shown as a figure in the chosen Excel cell.

However, there is another way these basic addition formulas for spreadsheets can be used in Excel. Instead of entering an amount after the equal sign and the plus symbol you can use a cell reference in the spreadsheet grid to refer to an amount that has been entered into that specific cell. You can use the plus symbol as many times as you like in one calculation to add multiple amounts or cell references. Remember that only the end result will be displayed in the spreadsheet and to reference the actual formula you will need to look at the formula bar.

Subtraction works in much the same way except that the plus sign is replaced by the dash or minus symbol (-) on your keyboard. Multiplication use the star symbol (*) while division uses the forward slash (/) to perform a calculation. Using multiple calculations in one formula is far more complicated and it is recommended that you first take a training course to learn how to use addition, subtraction, multiplication and division in one formula.

Another easy way to use formulas for spreadsheets is to find out a bit more about the automatic formula functions that form part of the Excel software package. The most popular of these is the AutoSum feature. All you need to do is highlight two or more cells with amounts entered into them and the AutoSum will enter the total amount in the cell below or next to the highlighted list. This is a great tool to use in adding a large number of amounts in Excel.

However, it is important to note that most formulas for Excel spreadsheets do have an automatic feature. It can be difficult though to find and ensure that you are using the right formula for the calculation you need performed. Once again it is advisable to rather get some training before choosing and using the more complicated automated Excel formula options.

All formulas and amounts in Excel can be translated into graphs or charts. You need to be aware that any calculation or formulas that have not been correctly inserted into the spreadsheets cannot be translated into a graph or chart value. This is therefore a great way to check whether you have made any errors in entering data or formulas in your spreadsheets.

Although this is a great tool for checking formulas, it is not always apparent what the error in the formula could be. It could be as simple as a misplaced comma, colon or semicolon or it could relate to a much bigger error. Training in formulas for spreadsheets in Excel will give you other tools to help identify errors in formulas as well as give you the skills to fix these common or rare errors.



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