Imagine carefully creating a workbook with several calculations and formulas only see errors. What to do when you get an Excel formula error? Of course, you can shake your head and ask, “Why, why would you do that?”, but that will not help.
So in this article let’s learn how to fix Excel formula error. Those annoying #SOMETHING!s that you see when your excel formulas have something wrong with them.
Excel Formula Error Checklist
Use this checklist to quickly understand common formula errors, what they mean, when you would see them and how to fix them. Read on to know more about the errors.
| Error | What it means? | Most common reason | How to fix it? |
|---|---|---|---|
| #N/A | Not Applicable | When VLLOKUP can't find what you want | Make sure your list has the value you are looking for. Use IFERROR or IFNA to fix |
| #DIV/0! | Divide by Zero | Denominator is zero | Use IF formula to safe divide |
| #NAME? | Could not find the name | Spelling mistake / typo | Double check your formula and fix the error |
| ######### | Could not display or format | Cell too small | Adjust column width |
| #VALUE! | Invalid value | Converting non-dates or numbers | Make sure your dates are correctly formatted |
| #REF! | Reference missing | When you delete a row / column / cell | Check cell dependancies before deleting |
| #NUM! | Invalid number | Number too high or too low | Check your calculation |
| #NULL! | Missing or null value | Reference points to nothing | See if your references are right |
#N/A Formula Error
This is one of the most frequent excel formula error you see while using vlookup formula. The N/A error is shown when some data is missing, or inappropriate arguments are passed to the lookup functions (vlookup, hlookup etc.) of if the list is not sorted and you are trying to lookup using sort option. You can also generate a #N/A error by writing =NA() in a cell.
How to fix #N/A error?
Make sure you wrap the lookup functions with some error handling mechanism. For eg. if you are not sure the value you are looking is available, you can write something like =IFERROR(VLOOKUP(…), “Value not found”). This will print “value not found” whenever the vlookup returns any error (including #N/A)
Related: Learn more about IFERROR formula
#DIV/0! Formula Error
This is the easiest of all. When you divide something with 0, you see this error. For eg. a cell with the formula =23/0 would return in this error.
How to fix #DIV/0 error?
Simple, use IF formula to safe divide, like this:
=IF(A2=0, “”, A1/A2)
#NAME? Formula Error
The most common reason why you see this error is because you misspelled a formula or table or named range. For eg. if you write =summa(a1:a10) in a cell, it would return #NAME? error. There are few other reasons why this can happen. If you forget to close a text in double quotes or omit the range operator :. All these examples should return #NAME? error. =sum(range1, UNDEFIED_RANGE_NAME), =sum(a1a10)
How to fix #NAME? Error?
- Make sure you have mentioned the correct formula name. Use auto-complete when typing formulas. This way, when you type formulas or use names / structural references, you will not make any mistakes.
- Make sure you have defined all the tables and named ranges you are using in the formula.
- Make sure any user defined functions you are using are properly installed.
- Double check the ranges and string parameters in your formulas.
###### Error
You see a cell full of # symbols when the contents cannot fit in the cell. For eg. a long number like 2339432094394 entered in a small cell will show ####s. Also, you see the ###### when you format negative numbers as dates.
How to fix the ###### error?
Simple, adjust the column width. And if the error is due to negative dates, make them positive.
#VALUE! Excel Formula Error
Value error is shown when you use text parameters to a function that accepts numbers. For eg. the formula =SUM(“ab”,”cd”) returns #VALUE! error.
How to fix the #VALUE! error?
Make sure your formula parameters have correct data types. If you are using functions that work on numbers (like sum, sumproduct etc.) then the parameters should be numbers.
#REF! Formula Error
This is one of the most common error messages you see when you fiddle with a worksheet full of formulas. You get #REF! Excel formula error when one of the formula parameters is pointing to an invalid range. This can happen because you deleted the cells. For eg. try to write a sum forumla like =SUM(A1:A10, B1:B10, C1:C10) and then delete the column C. Immediately the sum formula returns #REF! error.
How to fix the #REF! error?
First press ctrl+Z and undo the actions you have performed. And then rethink if there is a better way to write the formula or perform the action (deleting cells).
#NUM! Excel Error
This is number error that you see when your formula returns a value bigger than what excel can represent. You will also get this error if you are using iterative functions like IRR and the function cannot find any result. For eg. the formula =4389^7E+37 returns a #NUM! error.
How to fix #NUM! error?
Simple, make your numbers smaller or provide right starting values to your iterative formulas.
#NULL! Formula Error
This is rare error. When you use incorrect range operators often you get this error. For eg. the formula =SUM(D30:D32 C31:C33) returns a #NULL! error because there is no overlap between range 1 and range2.
How to fix the #NULL! error?
Make sure you have mentioned the ranges properly.
Formula not working – showing as text?
If you don’t see any error, but instead of seeing the result, all you see is your formula (like below), then check out Formulas not working page for information how to fix the problem.
Further Reading on Excel Formula Debugging
Formula Debugging using F9 Key
Learn to work with Circular References
Understand the difference between absolute and relative references
How to work with tables & structural references
Detect errors in your formulas [Office.com]
How to use new ERROR.TYPE formula to work with errors
Tell me how you debug formulas? What is the most common error you get?
What is the strangest and most confusing error you have seen? Please share in the comments so we can all have a laugh and find a way to fix the problem.
18 Responses to “Best Charts to Compare Actual Values with Targets – What is your take?”
Great post. I can't vote, though, because the answer I want to put down is "it depends". As with all visualisations, you've got to take into account your audience, your purpose, technical skills, where it will be viewed, etc.
I'm with Andy: It depends. Some I would use, some I might use, some I won't touch with a barge pole.
Naturally I have comments 🙂
The dial gauge, though familiar, is less easy to read than a linear type of chart (thermometer or bullet). It's really no better than the traffic lights, because all it can really tell you is which category the point falls in: red, yellow, or green.
By the same token, pie charts are so familiar, people don't know they can't read them. Remember how long it takes kids to learn to read an analog clock?
Bullet charts don't show trends.
With any of the charts that have a filled component and a marker or ine component, it makes more sense to use the filled component (area/ column) for target, and the lines or markers for actual.
[...] Best Charts to Compare Actual values with Targets (or Budgets … [...]
I voted for #6 even though I agree with the other comments that it depends.
The majority of the votes are for the #2, thermometer chart. I still have yet to understand what happens when you are above plan/goal, which was brought up in yesterday's post.
Also, I agree with Jon in that it would be better to flip the series and make the filled part the target or goal and the line or marker the actual.
I am also a fan of using text when appropriate if the data is among other metrics in a type of dashboard. Calling it out by saying actual and % achievement is a good option.
Another "it depends" vote. Are you just looking at one or are you comparing a number of targets with actuals? You didn't include a text box. The problem with sentences is that they can get lost in a page of gray text. A text box can call attention to the numbers and line them up effectively.
I'm with Jon: "Some I would use, some I might use, some I won’t touch with a barge pole" and I'm surprised that some of your readers voted for the last group.
Jon says:
With any of the charts that have a filled component and a marker or line component, it makes more sense to use the filled component (area/ column) for target, and the lines or markers for actual.
Why does this make more sense? I like 6 the way it is, although I would use a heavy dash for the plan/target marker.
"It depends" is also my take. What I usually try to drill into my clients dashboard design is the fu ndamental difference between spot results (am I on target for this month) and long term trends.. I always try to create 3 different set of graphs to represent real perormance:
- spot results vs objectives
- cumulative results vs objectives
- long-term trend (moving average) mostly) to see where we're going
[...] Best Charts to Compare Actual Values with Targets – What is your take? (tags: excel charts) [...]
[...] Related: Charting Principles, How to compare actual values with budgets [...]
[...] Excel Charting Alternatives to compare values [...]
Jon says:
With any of the charts that have a filled component and a marker or line component, it makes more sense to use the filled component (area/ column) for target, and the lines or markers for actual.
Why does this make more sense? I like 6 the way it is, although I would use a heavy dash for the plan/target marker.
I totally agree, Bob. I would normally favour a line for the target and a column for the actual, you can see quite easily then which columns break through the line, then.
[...] best charts to compare actual values with targets — den Status mal anders zeigen, z. B. als Tacho [...]
Thermometer charts: "Not appropriate when actual values exceed targets" - this is easily solved by making the "mercury" portion a different color from the border, then you can clearly see where the expected range ends and the actual values keep going.
People seem to knock gauges quite a bit in dashboarding, but trying to show comparison of realtime data between operating sites and targets for each site can easily be done with a bank of gauges that have the optimal operating points at 12 o'clock.
The human eye is great at pattern stripping, and any deviation of a gauge from the expected 12 position will quickly register with an operator and attract his attention. Using a colour background, or meter edge, will also indicate the sensitivity of a particular site.
[…] Best charts to compare actual with target values […]
[…] Best charts to compare actual with target values […]
[…] work laptop I have a favorites folder just dedicated to Excel charts. Its got things like “Best Charts to Compare Actuals vs Targets” and “Best charts to show progress“. I love me some charts […]
I am wondering how will the plotting work, for some of the targets which may have been achieved before time. E.g. for the month of Jul the target was 226 and the actual was 219. So the chart will show a deficit in meeting the target by 7 points but what if this 7 may have been completed earlier in month of June. So ideally it not a deficit.