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Accounting Fundamentals #1-org (Copy 1)
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Difference between a formula and a function?

Often used interchangeably

Formula: any calculation in Excel

  =A1+A2+A3

Function: pre-defined calculation in Excel

  =SUM(A1:A3)

For our purposes, we will focus on functions, as these are tools within Excel to increase efficiency

You can develop any formula you need to fit your calculation


Qs: Does anyone know the difference between a formula and a function?

To be honest, I didn’t know until recently. For our purposes, we’ll use these interchangeably but understand that when you are getting into more complex or advanced excel use, there is a difference between the two