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How do I use VLOOKUP or XLOOKUP for a price list?

Updated By ProfitDrawer

Short answer

To look up a price from a list, keep items in one column and prices in the next, then use =XLOOKUP("Deep clean", A2:A50, B2:B50) or =VLOOKUP("Deep clean", A2:B50, 2, FALSE) in Google Sheets. VLOOKUP needs the item in the first column of its range, and FALSE forces an exact match; both return #N/A when the item is missing. ProfitDrawer's Expenses tab uses the related INDEX and MATCH pair to fill in each category's Business? setting.

Price list layout: A = service or item, B = price, rows 2 to 50.

XLOOKUP: XLOOKUP(search_key, lookup_range, result_range, missing_value, match_mode, search_mode)

  • lookup_range must be a single row or column; result_range should be the same size.
  • missing_value sets what shows when nothing matches, for example =XLOOKUP(E2, $A$2:$A$50, $B$2:$B$50, "Not listed"). It is #N/A by default.
  • match_mode 0 (exact) is the default.

VLOOKUP: VLOOKUP(search_key, range, index, is_sorted)

  • The item must be in the first column of range.
  • index is the column number to return, counting from 1, so 2 = price.
  • If you leave out is_sorted, Sheets uses approximate match. Google recommends FALSE for consistent results.

Google gives XLOOKUP as the replacement for VLOOKUP; for example XLOOKUP("Mower", A2:A, E2:E) gives the same result as VLOOKUP("Mower", A2:E, 5, FALSE).

Tips:

  • Use $ signs (press F4 while editing a formula) so the list range stays fixed when you copy the formula down.
  • Spell items the same way in the list and the lookup cell, or you get #N/A.
  • Wrap the formula in IFERROR to show a blank instead of an error.

Source: XLOOKUP function: Google Docs Editors Help · Updated

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General information, not tax, legal or financial advice. Check the rules for your state and your situation.