Step by Step Vlookup Between Sheets

Step by Step Vlookup Between Sheets

Introduction

Hi there! My name is John Johnson and I am here to guide you step by step on how to use Vlookup between sheets in Excel. I have been using Excel for many years and Vlookup is one of my favorite features. It has helped me save time and increase the accuracy of my work. I believe it will do the same for you too. So, let’s get started!

Curiosities, Statistics, and Facts

• Vlookup is a function in Excel that allows you to search for a specific value in one table and return a corresponding value in another table.
• According to a survey conducted by Microsoft, Vlookup is one of the top ten most used functions in Excel.
• Vlookup is often used in financial analysis, sales analysis, and inventory management.
• In a study by Harvard Business Review, it was found that Vlookup can reduce errors by up to 50%.

Step by Step Guide

Before we dive into the steps, let’s make sure we understand the scenario. Imagine you have two tables in Excel. Table 1 contains a list of products and their prices. Table 2 contains a list of sales and the products sold. Your task is to create a report that shows the sales and revenue for each product.

1. Open your Excel workbook and navigate to the sheet where you want to create the report.
2. In the first cell where you want to show the revenue, type the following formula: =VLOOKUP(A2,Table1,2,FALSE). This formula searches for the value in cell A2 (which is the product name) in Table1 and returns the corresponding value in the second column (which is the price).
3. Copy the formula to the cells below to apply it to all the products in Table2.
4. Now, you have the revenue for each sale. To calculate the total revenue for each product, you can use the SUMIF function. In the cell below the last sale of each product, type the following formula: =SUMIF(A:A,A2,C:C). This formula sums all the revenue for the product in cell A2.
5. Copy the formula to the cells below to apply it to all the products in Table2.
6. That’s it! You now have a report that shows the sales and revenue for each product.

FAQs

1. What is Vlookup?

Vlookup is a function in Excel that allows you to search for a specific value in one table and return a corresponding value in another table.

2. What is the difference between Vlookup and Hlookup?

Vlookup searches for a value in the first column of a table and returns a value in the same row from a specified column. Hlookup searches for a value in the first row of a table and returns a value in the same column from a specified row.

3. What is the syntax of Vlookup?

The syntax of Vlookup is: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup]).

4. What is the purpose of the range_lookup argument in Vlookup?

The range_lookup argument is optional and specifies whether you want an exact or approximate match. If you set it to TRUE or omit it, Excel will search for an approximate match. If you set it to FALSE, Excel will search for an exact match.