Working with VLOOKUP Formula

by | April 12th, 2017

Today, I have noticed every Professional working with Microsoft Excel using Vlookup formula. What I have experienced while interacting with my workshop participants is that they could tremendously magnify its application power if they learn two associated techniques of VLookup.

Two associated techniques of VLookup Formula are:

1. Adding MATCH() inside VLOOKUP() to convert the one-dimensional Lookup power of VLOOKUP to two-dimensional

2. Using VLOOKUP() with “True” parameter to enable you to apply VLOOKUP() where the reference table may contain numeric values categorised in various Slabs. E.g. Debtor’s ageing, Scoring Analysis, Year based rental expense escalation, Date based staggered analysis etc.

I am sharing a quick [infographics] to give an overview. This is from one of the pages of my Excel eBook on “Advanced Excel Training“. All these excel examples are being added to my library of excel video tutorial as you are reading.

Here’s how to use Vlookup syntax:

vlookup formula master image

There are four pieces of information that you will need in order to build the VLOOKUP syntax:

  1. The value you want to look up, also called the lookup value.
  2. The range where the lookup value is located. Remember that the lookup value should always be in the first column in the range for VLOOKUP to work correctly. For example, if your lookup value is in cell C2 then your range should start with C.
  3. The column number in the range that contains the return value. For example, if you specify B2: D11 as the range, you should count B as the first column, C as the second, and so on.
  4. Optionally, you can specify TRUE if you want an approximate match or FALSE if you want an exact match of the return value. If you don’t specify anything, the default value will always be TRUE or approximate match.

#YodaHacks – Excel’s VLookup formula for Starters :

A brief intro with VLookup example. The VLookup function performs a vertical lookup by searching for a value in the left-most column of the table and returning the value in the same row in the index number position.

#YodaHacks – Vlookup formula with fixed table arrays :

Continue VLookup with an example where we fix a table array so that the formula become scalable.

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