What is the purpose of consolidating data?explain the steps with example
Answers
Explanation:
Data consolidation refers to the collection and integration of data from multiple sources into a single destination. During this process, different data sources are put together, or consolidated, into a single data store.
Open all three workbooks.
2. Open a blank workbook. On the Data tab, in the Data Tools group, click Consolidate.
Click Consolidate
3. Choose the Sum function to sum the data.
4. Click in the Reference box, select the range A1:E4 in the district1 workbook, and click Add.
5. Repeat step 4 for the district2 and district3 workbook.
Add References
6. Check Top row, Left column and Create links to source data.
Note: if you don't check Top row and Left column, Excel sums all cells that have the same position. For example, cell B2 (in distric1.xlsx) + cell B2 (in district2.xlsx) + cell B2 (in district3.xlsx). Because our worksheets are not identical, we want Excel to sum cells that have the same labels. If you check Create links to source data, Excel creates a link to your source data (your consolidated data will be updated if your source data changes) and creates an outline.
7. Click OK.
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