When auditing formulas in Excel, tracing the cells referenced in a formula can be like finding a needle in a haystack. Save yourself the hassle and use these keyboard shortcuts instead!
The first shortcut is CTRL+[, which finds and selects cells that are directly referenced in a formula. To use this shortcut, select the cell with the formula you want to find cell references for and hit CTRL+[. Excel will automatically select the cells directly referenced in the formula.
The next shortcut is CTRL+SHIFT+[, which finds and selects cells that are both indirectly and directly referenced in a formula. Similar to the CTRL+[ shortcut, you select the cell with the formula you want to find cell references for and hit CTRL+SHIFT+[. Now Excel will automatically select all cells directly and indirectly referenced in the formula.
Note that an indirect cell reference is a value used to calculate a value used in a formula. In the example above, each book sale is an indirect reference because they’re all added up to calculate the “Total Book Sales” value, and the “Total Book Sales” is used to calculate “Book Revenue.” The “Total Book Sales” and “Cost of Goods Sold” are direct references because they are used to calculate “Book Revenue.”
Phew—no more hunting for that needle!