Written by Allen Wyatt (last updated August 17, 2019)
This tip applies to Excel 2007, 2010, 2013, 2016, 2019, and Excel in Microsoft 365
Lynn uses Excel to keep track of her checkbook. She has the cells in the worksheet formatted to show values like $1,234.56. Sometimes, but not always, if Lynn changes the formatting of a cell it may look like 1234.56000000001. This seems like an error to her and she finds it annoying, so she is wondering why the figures look this way at times.
Lynn has inadvertently discovered the strange, wonderful world of Excel math. You see, when you do math in an Excel formula, because of the way that Excel does the calculations internally, you could easily end up with a rounding error at the most extreme ends of the calculation. (Excel maintains internal precision to 15 significant digits, which is why Lynn is seeing the "error" out at the very furthest reaches of her number.)
In routine calculations—like the ones being done by Lynn—this typically isn't a problem. In her usage, she only cares about numbers being correct to a precision of two decimal places. When the "error" is in the eleventh decimal place, it isn't going to affect the validity of what Lynn sees. It would only affect the results if a particular result relied upon thousands and thousands and thousands of previous calculations. This is the only way that the "error" could compound to the point where it affects Lynn's results.
In day to day usage, this shouldn't be an issue. The "error" is hidden easily by using a cell format such as Currency or Accounting that displays values, so they show only two decimal places.
If the rounding issues bug you a lot, the easiest solution is to force your formulas to round to the number of decimal places you want. For instance, let's say you have a very simple formula such as the following:
=A1-B1
You could "wrap" the formula in the ROUND function, in this manner:
=ROUND(A1-B1,2)
This forces the result returned by Excel to two decimal places, which is what Lynn would expect to see if she removes the cell formatting.
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2019-08-17 21:34:27
MW
RH: Great tip!!
However when I applied it (unless I did something wrong) I immediately realized your instructions only reset this setting on the current Workbook you are working in; it is not a universal change.
In order to affect all of a user's new Excel files by default they must locate and make your recommended setting change in all of their template files (i.e. where they want this change to occur) and save them as their default template.
And as anybody unfamiliar with template files will find out, making a universal change in the default template file(s) can be a challenge.
So one should first search Allen's Excel Tips website for Template Changing instructions.
2019-08-17 08:54:17
Lynn Gates
Thanks for the rounding tip...I had stumble on the solution after I sent the email for help. I do appreciate you looking into it.
lg
PS 72+ years ago when I was born, my parents named me Lynn...a name that is shared with many females...however I was born a male and have been all my life. Interestingly enough in my high school class there was another male named Linn. Granted not a common name...but nicer than what I was called by some people I arrested while being a policeman.
lg
2019-08-17 05:20:22
RON HOWELL
Another fix is to click on the File tab, go down the left side menu and select options.
Select the Advanced option, scroll down to almost the bottom of the window and check "Set Precision As Displayed".
Click the ok button on the popup screen that states "Data will permanently lose accuracy". This will not adversely affect your calculations when you are only going out to less than 10 decimal points and as an added bonus it will eliminate the annoying negative zero.
The other benefit is that you will not have to use the round formula for each cell, it will automatically adjust all cells.
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