Using Named Formulas or Constants

by Allen Wyatt
(last updated December 29, 2020)

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.

  3. In the Names in Workbook field, enter the name you want to use for the formula or constant.
  4. 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%.
  5. Click on Add. Your name is now defined.
  6. 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

Limiting Input to Two Decimal Places

When entering data in a worksheet, you may want to exercise some degree of control on the values that can be entered. ...

Discover More

Deleting Menu Items

Excel allows you to customize your menus so that they contain the commands you want on them. If you later want to delete ...

Discover More

Using MPF Graphic Files

There are all sorts of file formats used to store graphics. You might think that one of those formats is the MPF format, ...

Discover More

Save Time and Supercharge Excel! Automate virtually any routine task and save yourself hours, days, maybe even weeks. Then, learn how to make Excel do things you thought were simply impossible! Mastering advanced Excel macros has never been easier. Check out Excel 2010 VBA and Macros today!

More ExcelTips (menu)

Separating Names into Individual Columns

If you have a list of names in a column, and you want to separate those names into individual cells, there are several ...

Discover More

Summing Digits in a Value

Want to add up all the digits in a given value? It's a bit trickier than it may at first seem.

Discover More

Checking for Either of Two Text Values

Using a formula to find information in a text value is easy. Using a formula to find either of two text values within a ...

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.

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}] 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 three more than 1?

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.