Examples of consolidating data in excel
If you used a template to create each worksheet you’re consolidating, or an identical layout, Excel can quickly consolidate the values by virtue of their common position in their respective worksheets.However, even when the data entries are laid out differently in each spreadsheet, Excel can still consolidate them provided that you’ve used the same labels to describe the data entries in their respective worksheets.
If you want Excel to use a particular range in the worksheet for all consolidations you perform in a worksheet, assign the range name Consolidate_Area to this cell range.
We’ve created a step by step guide to help you create your own consolidation by combining similarly organized data across multiple sheets and books.
The screenshots below will help you see an example of how to use the Excel consolidate function: Step 1: Open all files (workbooks) that contain the data you want to consolidate.
There are many reasons a financial analyst may want to use this function.
One example would be combining budgets from various departments into one company-wide budget.
The consolidate function in Excel allows an analyst to combine information from multiple workbooks into one place.