- #HOW TO DO VLOOKUP IN EXCEL HOW TO#
- #HOW TO DO VLOOKUP IN EXCEL MANUAL#
The function is agnostic of the case of the character. In case the lookup column has duplicate values, VLookUp will match only the first value. It gets data from the columns to the right in the initial column in the table. The major limitation of this function is that it mostly looks right. When range-lookup is not there, the VLookUp function will enable a non-exact match however, a precise match will be used if this is one. Things to remember about the VLookUp Function One of the important functions of finance is Financial Planning and Analysis, where the VLookup can be specifically used to compare different reports in common Excel formats and draw trends for the benefit of the business. Especially in the world of finance, where financial analysts work on a large number of complex data sets, the VLookUp can help save a lot of time and effort. This helps in making models more dynamic and implementing many scenarios. VLookUp formulas are quite often used in financial modeling and many other types of financial analysis. VLookUp in Financial Modeling and Financial Analysis You need to enter either True or False in the formula. This is the final step in which you have to command Excel that you are looking for a precise or approximate match. To do it successfully, Excel needs a number that can match the column number in the table. 
In this step, you would need to command Excel about the column that contains the data that you want to have as an output from the VLookUp.
Tell Excel what column to output the data from. You now have to select the table where the data is placed and command Excel to search in the extreme left column to find the information that you selected in the previous step. Now select the cell that has information that you want to look up. You have to start it by typing the formula “=VLOOKUP(“. VLookUp functions in a left to right manner therefore, you need to make sure that the information you are looking for is on the left side of the corresponding data that you want to extract. This will help in comprehending the innate logics of the function and troubleshooting even complex VLookUP functions. #HOW TO DO VLOOKUP IN EXCEL HOW TO#
Automate function – When clubbed with other Excel functionalities such as PIVOT table, the VLookUP can be a powerful tool in automating certain tasks so that the minute you update the value in the source data, it reflects on all the linked sheets.Īpart from knowing how to use VLookUp in Excel, you also need to have an idea of how the actual formula works. #HOW TO DO VLOOKUP IN EXCEL MANUAL#
This helps in saving manual efforts as well as reducing human errors when handling a large set of data. Reference different spreadsheets – Through the VLookUP function, you can create a reference point between two Excel Spreadsheets.Organize the data – The foremost step to effectively use the VLookUp function is to ensure that your data is thoroughly organized as well as apt to use the function.This can be specified in terms of TRUE or FALSE argument where False would mean that you are looking for an exact match for the Lookup_value in the Table_array and True would mean that a partial match is also acceptable, in which case it picks up the partial match it finds. Range_lookup (optional argument) – The Range_lookup specifies whether you are looking for an exact or partial match.Col_index_num (required argument) – This is basically an integer that specifies the column number of a supplied table_array, from which you would want to return a value.The VLookUp function helps in searching in the extreme left column of the array.
Table_array (required argument) – The table array is the data array that has to be searched.Lookup_value (required argument) – Lookup_value explains the exact value that we want to find in the initial column of a table.The following argument is used by the VLookUp function: If we translate it in easy language, we would say you can look for this piece of information in a certain area and provide me some corresponding data from some other column. =VLOOKUP(lookup_value, table_array, col_index_num, ) Lookup values should appear in the initial column of the table that is passed in VLookUp, and once your value has been located, you may specify the column from which it can fetch the data. It supports approximate as well as precise matching and wildcards (* ?) for partial matches. The function helps in looking up data in a table that is organized vertically.
The VLookUp is one of the most significant functions in Excel, which has also been one of the most desired functions for those learning MS Excel.
What can I do if I need to find data that is not vertically placed?. VLookUp in Financial Modeling and Financial Analysis.
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