Using Named Formulas or Constants

Written by Allen Wyatt (last updated December 29, 2020)
This tip applies to Excel 97, 2000, 2002, and 2003

Besides allowing you to define a name that refers to a cell or cell range, Excel allows you to define names that refer to formulas or constant values. For instance, suppose you have a constant you will be using in your worksheet quite a bit--the standard commission rate for staff sales people, which is 8.5%. To define a name for this constant, follow these steps:

  1. Select the Name option from the Insert menu and choose Define from the submenu. Excel displays the Define Name dialog box. (See Figure 1.)

    2. Figure 1. The Define Name dialog box.

  2. In the Names in Workbook field, enter the name you want to use for the formula or constant.
  3. Change the Refers To field, at the bottom of the dialog box, so it contains the desired formula. In this example, you would change it to =8.5%.
  4. Click on Add. Your name is now defined.
  5. Click on OK to close the Define Name dialog box.

The constant is now available for use in your worksheet. You can then use it in formulas just as you would any other defined name.

ExcelTips is your source for cost-effective Microsoft Excel training. This tip (2659) applies to Microsoft Excel 97, 2000, 2002, and 2003.

Author Bio

Allen Wyatt

With more than 50 non-fiction books and numerous magazine articles to his credit, Allen Wyatt is an internationally recognized author. He is president of Sharon Parq Associates, a computer and publishing services company. ...

MORE FROM ALLEN

Hyperlinks that Open in a Different Browser Window

When you click a link in a browser, the target of that link might open in the same window or in a new window. Getting an ...

Discover More

Reordering the Display of a Data Series

Once you create a chart, you aren't limited to keeping the data series in the order they originally appeared. You can ...

Discover More

Setting the Return Address Used in Word

When you create envelopes with Word, it normally displays a return address by default. If you can't get Word to retain ...

Discover More

Dive Deep into Macros! Make Excel do things you thought were impossible, discover techniques you won't find anywhere else, and create powerful automated reports. Bill Jelen and Tracy Syrstad help you instantly visualize information to make it actionable. You’ll find step-by-step instructions, real-world case studies, and 50 workbooks packed with examples and solutions. Check out Microsoft Excel 2019 VBA and Macros today!

More ExcelTips (menu)

Using Named Formulas Across Workbooks

You can use the naming capabilities of Excel to name both ranges and formulas. Accessing that named information in a ...

Discover More

Adding Dashes between Letters

When processing some text data, you may need to perform some esoteric function, such as adding dashes between letters. ...

Discover More

Entering Formulas in Excel

The way you signify that you are entering a formula is to start a cell entry with an equal sign. Here is the reason why ...

Discover More
Subscribe

FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."

View most recent newsletter.

(Your e-mail address is not shared with anyone, ever.)

Comments

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] (all 7 characters, in the sequence shown) in your comment text. You’ll be prompted to upload your image when you submit the comment. Maximum image size is 6Mpixels. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is four less than 5?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)

This Site

Got a version of Excel that uses the menu interface (Excel 97, Excel 2000, Excel 2002, or Excel 2003)? This site is for you! If you use a later version of Excel, visit our ExcelTips site focusing on the ribbon interface.

Newest Tips
Subscribe

FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."

(Your e-mail address is not shared with anyone, ever.)

View the most recent newsletter.

Links and Sharing
OUR COMPANY
OUR PRODUCTS
OUR SITES
 

Copyright © 2026 Sharon Parq Associates, Inc.