Excel like a finance pro.
Find and break links to other workbooks
AltA, KEditing & referencesThe "this workbook contains links" prompt nobody can explain or get rid of.
Difficulty
1What it does
A file opens, asks whether to update links to a workbook that was deleted two years ago, and nobody knows where the reference is. Finding it by eye is genuinely hard — it can hide in a formula on a sheet you never open, in a defined name, in a chart series, or in a conditional formatting rule. Edit Links lists every source in one place and will convert them to values, which removes the link and keeps the numbers. Do that on a copy: breaking a link is irreversible, and if the link was live you've just frozen figures that used to update.
2The shortcut
- 1
Alt + A,Kfor Edit Links. Every external source is listed with its status. - 2**Break Link** converts those formulas to their current values — permanently.
- 3If nothing is listed but the prompt persists, check defined names (
Ctrl + F3) and chart series.
3Before → after
Press the shortcut to play it on a sample sheet.
Before — pointing at a file nobody has
| A — Line | B — Formula | |
|---|---|---|
| 1 | Opening cash | ='C:\Old\[2024 Model.xlsx]Cash'!B12 |
| 2 | Prior-year revenue | ='C:\Old\[2024 Model.xlsx]PL'!C7 |
| 3 | This year | 486,000 |
This is what makes the file ask about updating links every time it opens. Edit Links lists every source; they also hide in defined names (Ctrl + F3) and chart series.
4When you use it
- Silence the update prompt on an inherited file.
- Cut a model loose from a source file before sending it out.
- Find out what a workbook actually depends on before you rely on it.
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