The GST was introduced on 1 July, 2000, and was met with plenty of uproar at the time. It applies to the sale of most goods and services that are sold or consumed in the country. The GST is Australia’s Goods and Services tax. So, let’s take a deeper look into what the GST is, how to calculate it, and how to make sure your record-keeping and reporting practices are up to date. Most businesses will be registered for GST, so it’s important to understand what it’s all about, and the responsibilities you have as a business owner. Now that we have our arguments, we'll write our function in cell B2.If you’re a small business owner or entrepreneur, GST is something you’ll need to understand. Since our cell range is A2:C13, it will search column A. It's important to know that VLOOKUP will always search the leftmost column in the cell range. In this example, we're only looking for exact matches, so our fourth argument is FALSE.
If it is FALSE, it will look for exact matches.
If it is TRUE, it will look for approximate matches. The fourth argument tells VLOOKUP if it should look for approximate or exact matches.The names are stored in the second column of the cell range from the previous argument, so our our third argument is 2. In our example, we're looking for the Product Name. The third argument is the column index number, which is simpler than it sounds: The first column in the cell range from the previous argument is 1, the second column is 2, and so on.Note that we're using absolute references so this range won't change when we copy the formula to other cells.
In our example, we want it to search for this value in cell range A2:C13 on the Products worksheet, so our second argument is Products!$A$2:$C$13. The second argument is a cell range that tells VLOOKUP where to look for the value from our first argument.In our example, we're searching for the product ID number, which is in cell A2, so our first argument is A2. The first argument tells VLOOKUP what to search for.The arguments will tell VLOOKUP what to search for and where to look. Before we write our function, we'll need to take a moment to think carefully about each argument and collect some information from our spreadsheet.
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