Excel Tip: Understand Cell Anchoring
Cell anchoring is a fundamental and vital piece of multiple formulas within Microsoft Excel. To cycle through Cell Anchoring simply press the F4 key while working in your formula. To see how your cell is anchored look for the location of the various "$" around the formula data.
The levels of cell anchoring are as follows:
A1 - No Anchoring.
$A$1 - Fully anchored.
The reference will always point to this cell regardless of copying or pasting to another location.
$A1 - Column anchored.
Function with this reference can be expanded to fill a column, and will always reference the designated column.
A$1 - Row anchored.
Function with this reference can be expanded to fill a row and will always reference the designated row.
Depending on the Excel formula being used, this anchoring will ensure your data stays consistent and correct. Need to go a step further with correct data? Connect to your ERP with BizNet Software for dynamic data directly into Excel. No more exporting, curating, report building, formula testing, and version saving. Simply build your report while connected to your data, lock it in, and simply refresh for a completely up to date report in seconds.