Name Manager
This tool in excel is very useful when we are dealing with voluminous data. For example, You are working in the 15th Worksheet in excel where you want "Sum of amounts/quantities" From the first sheet. Though the formula is simple, to give reference to the first sheet from the 15th sheet is a tedious task.
Here is how name manager helps you -
1. Name manager helps you define a set of cells (either rows or columns or a combination of both (tables) )
2. To define a set of cells, select the cells which are to be named.
3. Click the name box which is on the left of the formula bar (See attached file for diagram)
4. Type the name which you want the cells to be defined as.
(In the attached file, I have defined Account Nos as Account and Amounts as Amount. The entire data has been defined as debtors)
When you type =Sum(Am..) in the second worksheet, it suggests Amount as can be seen in attached file. If you type the formula =sum(Amount), it would sum the Amount cells from the “Debtors” sheet. Similarly you can use =Count(Account), which would return the number of accounts from debtors sheet.
Similarly you can use vlookup as =VLOOKUP(A4,Debtors,2,0).
Simple, isnt it?
Pictorial explanation and excel sheet is attached in the word file.
Names can also be defined, added, edited or deleted using the Name Manager option available under the Forumlas section