How to Create a Formula in Excel for Subtracting Values from Different Worksheets

How can you create a formula in Excel to subtract values from different worksheets?

Using the data provided, how can you subtract cell B9 on the Expenses worksheet of the PB Expenses.xlsx file from cell B5 on the Income Statement worksheet of the PB Financials.xlsx file?

To subtract a value from one Excel workbook from a value in another, you use a formula that references both workbooks. The formula syntax in cell B7 would be: '= '[PB Financials.xlsx]Income Statement'!B5 - '[PB Expenses.xlsx]Expenses'!B9', with both files open to work properly.

When you need to subtract values from different worksheets in Excel, you can create a formula that references cells from external worksheets or workbooks. In this case, to subtract cell B9 on the Expenses worksheet of the PB Expenses.xlsx file from cell B5 on the Income Statement worksheet of the PB Financials.xlsx file, you would use the following formula in cell B7:

= '[PB Financials.xlsx]Income Statement'!B5 - '[PB Expenses.xlsx]Expenses'!B9

Make sure that both workbooks are open in Excel and the paths are correct for the formula to work accurately. By using this formula, you can easily subtract values from different worksheets within Excel.