CFI-Excel-eBook

The Corporate Finance Institute Excel
Example 2
The most common use of IFERROR function is with VLOOKUP function, where it
is used to inform users that the value they are looking out for is not there.
Suppose we operate a restaurant and maintain an inventory of a few
vegetables and fruits. Now we compare it with the list of items we want
according to the day’s menu. The results look like this:
Instead of the #N/A error message, we can input a customized message. It will
look better when we are using a long list.
The formula to use will be:
We will get the result below:
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