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Using formula field in Salesforce- Part 1
Automation is the most essential function of Salesforce. It can be done in many ways in Salesforce. From this article/video, we will start learning automation in Salesforce.
The first tool of automation in Salesforce is the formula field. Let us learn more about the formula field.
What is formula field in Salesforce?
Formula field is a read-only field with data type as formula. Formula data type helps in calculating and populating the field automatically based on the predetermined formula entered while creating the field. The formula field cannot be edited. It derives its value from the underlying formula.
It is a part of automation because it automatically populates the value in a field based on the calculation. It helps in automating many business requirements.
A business requires a formula field for many purposes like calculating the total cost, finding out the minimum or maximum values and so on.
For example, as we know, every opportunity is a child object of the account parent object. A business wants the opportunity record to have the account number of the parent account record. If an account has a hundred opportunities, the business wants each opportunity to have the account number of the parent account record.
Let us create the formula field for the opportunity object, where the account number is auto-populated.
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