Budgeting and Forecasting with Excel Course

Auditing a formula in a budget or forecast

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Another essential tool is the Formula Auditing tool. This tool allows you to see exactly where the formula comes from (or goes to!). We prefer it to the coloured boxes that appear when you click F2 or click in a cell because:

  • It can show you links to other sheets or spreadsheets (and you can go directly there)
  • You can just follow the line to the related cell instead of having to look in the formula bar
  • You can trawl through cells to find errors

We cover the Auditing Toolbar in our Essential Excel skills which includes some examples. If you are unfamiliar with the tool we highly recommend you learn more about it.

Below is a video clip covering the key points.

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