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What is the Difference Between Functions and Formulas in Excel?

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S.NO.

Function

Formula

1.       

It is a Pre-defined/Built-in operation

It is a user defined operation

2.       

A function can be a formula

A formula can be a function

3.       

Ex: =sum(b2:d4)

Ex: =20+30+5-3

4.       

Functions can be updated by the developer.

Formulas are like general calculations, so it can’t be.

5.       

You can combine formulas in the functions for calculations.

You can combine functions in formulas for calculations.

6.       

Functions may or may not start with an equal sign

Formulas must start with an equal sign

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