If you are looking for some special tricks to know how to use IF and IFERROR combined in Excel, you’ve come to the right place. We’ll show 3 suitable examples to use IF and IFERROR combined in Excel. This article will discuss every step of the examples. Let’s follow the complete guide to learn all of this.

## How to Use IF and IFERROR Combined in Excel: 3 Suitable Examples

The following section demonstrates the use of **IF **and **IFERROR **functions in Excel using three practical and tricky examples. The **IF** function checks whether a condition is met, and returns one value if TRUE, and another one if FALSE. The **IFERROR** function in excel can generate a custom value as a result if there is any error from the formula. If there is no error it will return the regular result. You should learn and apply these to improve your thinking capability and Excel knowledge. We use the **Microsoft Office 365** version here, but you can utilize any other version according to your preference.

### 1. Calculate Sales Bonus

In our dataset, there are two columns containing **Sales Target** and **Sales Achieved** for some products. By using the **IF** and **IFERROR** functions, we’ll check and show statements in Column **E** if the achieved sales have met the sales target or not. Follow the below steps.

** **

**📌 Steps:**

- First, write down the following formula in cell
**E5**.

`=IFERROR(IF(D5>=C5,$C$15*(D5-C5)/C5,"Not Applicable"),"Sales Target is not Correctly inserted")`

- Next, press
**Enter**. - Therefore, you will get the following output.

- Next, drag the
**Fill Handle**icon to fill the other cells with the formulas. - Consequently, you will get the following sales bonus.

**🔎 How Does the Formula Work?**

👉 **IF(D5>=C5,$C$15*(D5-C5)/C5,”Not Applicable”) **checks whether the value of cell **D5** is greater or equal to that of **C5**. If it is greater, then it returns the value of cell **$C$15*(D5-C5)/C5** else it will return the “**Not Applicable**” text.

👉 the** IFERROR** function checks the first argument, whether it holds any errors or not. If it does, then the** IFERROR** function returns **“Sales Target is not Correctly inserted”** text. If not, it returns the value of the cell.

**Read More: **Excel ISERROR vs IFERROR Functions

### 2. Determine Achieved Sales Through IF and IFERROR Combined

In this section, we will show you how to calculate achieved sales in Excel. Here, we will use nested **IF **and **IFEROOR **functions to do the task. Let’s walk through the following steps to complete the task.

**📌 Steps:**

- First, write down the following formula in cell
**D5**.

`=IFERROR(IF(C5<32500,C5*16%,IF(C5<73500,C5*26%,C5*29%)),0)`

- Next, press
**Enter**. - Therefore, you will get the following output.

- Next, drag the
**Fill Handle**icon to fill the other cells with the formulas. - Consequently, you will get the following achieved sales.

**🔎 How Does the Formula Work? **

👉 **IF(C5<32500,C5*16%,…) **checks whether the value of cell **C5** is smaller that of** 32500**. If it is smaller, then it returns the value of **C5*16%** else it moves on to the next portion of the formula

👉 **IF(C5<73500,C5*26%,C5*29%) **checks whether the value of cell **C5** is smaller that of **73500**. If it is smaller, then it returns the value of **C5*26%** else it returns the value of **C5*29%**.

👉 The **IFERROR** function checks the first argument, whether it holds any errors or not. If it does, then the **IFERROR** function returns **0**. If not, it returns the value of the cell.

**Read More: **How to Use Conditional Formatting with IFERROR in Excel

### 3. Track Project Progress

If you want to track project progress using the VBA code in Excel, you need to use the help of VBA. This is Microsoft’s event-driven programming language called Visual Basic for Applications (VBA). To use this feature you first need to have the **Developer **tab showing on your ribbon. Click here to see how you can show the Developer tab on your ribbon. You can then use this detailed Excel VBA code to track project progress. Here, we use **IF **and **IFEROOR** functions in conjunction to track project progress.

**📌 Steps:**

- VBA has its own separate window to work with. You have to insert the code in this window too.
- To open the VBA window, click the
**Developer**tab on your ribbon. - Then select
**Visual Basic**from the**Code**group.

- VBA modules hold the code in the Visual Basic Editor. It has a.bcf file extension. We can create or edit one easily through the VBA editor window.
- To insert a module for the code, go to the
**Insert**tab on the VBA editor. - Then click on
**Module**from the drop-down.

- As a result, a new module will be created.
- Now select the module if it isn’t already selected. Then write down the following code in it.

```
Sub track()
Range("E5").Select
ActiveCell.FormulaR1C1 = _
"=IFERROR(IF(RC[-1]>=RC[-2],(RC[-1]-RC[-2])/RC[-2],""Completed""),""Incorrected value"")"
Range("E5").Select
Selection.AutoFill Destination:=Range("E5:E12")
Range("E5:E12").Select
End Sub
```

- Next, save the code.
- Afterward, close the Visual Basic window. After that press
**Alt+F8**. - When the
**Macro**dialogue box opens, select the following macro in the**Macro name**. Click on**Run**.

- Therefore, this will track the project’s progress as shown below.

**Read More:** How to SUM with IFERROR in Excel

**Download Practice Workbook**

Download this practice workbook to exercise while you are reading this article. It contains all the datasets in different spreadsheets for a clear understanding. Try it yourself while you go through the step-by-step process.

## Conclusion

That’s the end of today’s session. I strongly believe that from now on you may know how to use **IF** and **IFERROR** functions combined in Excel. If you have any queries or recommendations, please share them in the comments section below. Keep learning new methods and keep growing!

## Related Articles

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- How to Use Multiple IFERROR Statements in Excel
- Excel IFERROR Function to Return Blank Instead of 0

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