**This guide provides an overview of formula basics.** Take a closer look at the anatomy of a formula from the ground up.

Formula basics are essential skills to **create advanced formulas in Excel**.

## The Parts of an Excel Formula

All formulas contain one or more built-in functions, and the formula includes the following parts:

**Equal sign****Functions:**SUM**References**: B1:B4 returns all the numbers in a range of cells**Operators:**The * (asterisk) operator multiplies numbers**Constants**: numbers or text that you add to the formula, such as 20%

## Insert a formula

Follow these steps to enter a formula:

**Select the cell****Select Formula Bar****Type and equal sign (=)****Type the formula, for example, =SUM(B1:B4)****Press Enter to execute the formula**

**Tip:** There are some ways to insert a new formula. Use the Insert Function Button on the Formulas Tab to avoid mistyping words. To do that: **Select the cell** > **Click Formulas Tab** > **Click Insert Function** > **Select the function from the list. Finally, click OK.**

## Edit a formula

Editing formulas is not rocket science.

Letâ€™s see the steps:

- Select the cell that contains a formula
- Click on the Formula bar to change the formula
- Press enter

**Tip:** Excel highlights the given range with a blue border if you are in formula editing mode.

## Copy and Paste Formulas

You want to use the entered formula for a different range in the example. Should you type the formula again and again? No, you need only seconds to copy formulas to another location.

To copy a formula, follow the steps below:

### Example 1: Adjacent cells

- Select the cell that contains a formula
- Rest your cursor in the lower-right corner while it turns into a plus sign (+)
- Drag the fill handle right

### Example 2: Non-adjacent cells

What if you want to copy the formula to another location with non-adjacent cells?

- Select the cell that contains a formula
- Press Ctrl + C to copy the formula
- Right-click on the target cell
- Select Paste Formulas