That's terrible practice, ironically, as it's extremely unreadable. How could someone looking at it know what Sales and Tax actually are? You have to go into the formula name box and dig in to find sales = "yada yada" etc. That doesn't seem too bad until you have a decently sized file and you have to dig into 40 formulas to find the one you want, and go check that it's actually referencing what you want.
I work as a banker, and what you do is one of the very first things new employees are taught not to do in excel. It's an amazing solution for the person that built it, but a terrible one for anyone looking to check the work.
I work as a banker, and what you do is one of the very first things new employees are taught not to do in excel. It's an amazing solution for the person that built it, but a terrible one for anyone looking to check the work.