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Home Articles

VBA in Excel – Definition, Examples, How to Use

by Feeba Mahin
March 21, 2023
in Articles, Entri Skilling
VBA in Excel - Definition, Examples, How to Use
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Table of Contents

  • How to Access VBA in Excel
  • How is VBA used?
  • Common uses of VBA among finance professionals
  • Why use Excel VBA?
  • Where to code Excel VBA
  • VBA shortcuts in Excel
  • What Is VBA Used for?
VBA is an abbreviation for Visual Basic for Application. VBA is a programming language that was developed by Microsoft Corp., and it is integrated into the major Microsoft Office applications, such as Word, Excel, and Access.

The VBA programming language allows users to access functions beyond what is available in the MS Office applications. Users can also use VBA to customize applications to meet the specific needs of their business, such as creating user-defined functions, automating computer processes, and accessing Windows APIs.

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VBA in Excel – Key Highlights

  • Learning VBA programming can help Microsoft Office users access functions beyond what is directly available in the various Office applications.
  • VBA can be used to analyze large amounts of data, create and maintain complicated financial models.
  • Recording a macro is relatively simple and requires no inherent knowledge of the VBA code and will work for simple processes. However, this method is not very customizable.

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How to Access VBA in Excel

To access VBA in Excel, simply press Alt + F11. Your existing Excel workbook will remain running, but a new window will appear for Microsoft Visual Basic for Applications. The top left of the VBA window will show the current projects; in the example below, the InvestopediaProject file is ready to receive VBA code.

VBA, Project Window
VBA, Project Window

In the bottom left, the window displays the properties of the selected project. As different projects or workbooks are selected, different properties are listed. These properties are listed alphabetically by default, though they can be sorted by category.

VBA Example, Properties
VBA Example, Properties

By double-clicking on a project on the top left, a new window appears. There is no information in this area, though there are two dropdowns that say “(General)” and “(Declarations). This is the coding window for VBA code to be directly entered into.

VBA Example, Code
VBA Example, Code

An example of VBA code has been entered below.

VBA Example, Code with Coding
VBA Example, Code with Coding

Last, there are many important buttons and tools residing on the toolbar. The items below highlighted in yellow are the run, break, and reset toggles for the VBA code. The run button executes the code, the break button pauses the activity of the code, and the reset stops the execution of the code and brings the process back to the starting position of the code.

VBA Example, Toolbar
VBA Example, Toolbar

At its core, finance is about manipulating huge amounts of data; hence, VBA is endemic to the financial services sector. If you work in finance, VBA is likely running within applications that you use each day, whether you’re aware of it or not. Some jobs in the sector require prior knowledge of VBA, and some do not. With VBA, you can:

  • Write macros. Macros allow financial professionals—whether accountants, commercial bankers, investment bankers, research analysts, salesmen, traders, portfolio managers, clerks, or administrators—to analyze and adjust huge amounts of data quickly.
  • Update data. You can use VBA in Excel to create and maintain complex trading, pricing, and risk-management models, forecast sales and earnings, and to generate financial ratios.
  • Perform scenario-analysis. With Visual Basic for Applications, you can create various portfolio-management and investment scenarios. This includes filtering through different situations that may impact outcomes differently.
  • Organize information. You also may use VBA to produce lists of customers’ names or any other content; create invoices, forms, and charts; analyze scientific data, and manage data display for budgets and forecasting.
  • Be unconventional. VBA can be used to copy and paste values, adjust cell styles for an entire workbook, and strike accelerator keys. You can perform very normal tasks but perform them in an easier, automated manner.
  • Prompt action. VBA can be used to interact with users. For example, you may need a user’s input for their first and last name to put on a form. VBA can be used to prompt a user in a way that makes this input unavoidably mandatory.

There are many forums online that provide VBA code, allowing you to simply copy and paste the code for your personal use. Be cautious when using someone else’s code, especially if you are unfamiliar with the source, individual, or logic of the code.

How is VBA used?

VBA is used to perform different functions, and different types of users use the programming language for various functions. The following are the different parties that use VBA:

1. General users

Most users regularly use MS Office applications such as Excel in their routine. VBA language is included in the MS Office package at no cost to the user. VBA is used to automate tasks and perform several other functions beyond creating and organizing spreadsheets.

For example, users need to automate some aspects of Excel, such as repetitive tasks, frequent tasks, generating reports, etc. The user can create a VBA program (macro) within Excel that generates, formats, and prints monthly sales reports with graphical representation such as bar charts. They can execute the program with a single click, and Excel will automatically generate the reports with ease as per the needs of the company.

2. Computer professionals

Computer professionals can use VBAs to perform more complex tasks that would otherwise take longer time and more resources to complete. For example, they can use VBAs to create custom add-ins for Excel that provide additional functionality to the application by introducing new functions that are not available in Excel.

VBA also helps computer professionals perform complex functions, such as replicating large lines of code, designing languages within MS Office applications, and merging the functions of two or more different programs.

3. Corporate users

VBA is not only useful to individuals, but also to corporate users. Companies can use the VBA programming language to automate key business procedures and internal processes. Functions such as accounting procedures, tracking minutes, processing of sales orders in real-time, calculating complex data, etc., can be implemented using VBA.

VBA can automate the above-mentioned tasks to increase the efficiency of internal business processes. It also allows corporations to consolidate their data in the cloud to make it accessible from any location around the world.

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Common uses of VBA among finance professionals

The following are some of the ways in which finance professionals use VBA in their work:

1. Analyze huge amounts of data

Finance professionals, such as portfolio managers, financial analysts, traders, and investment bankers, often need to deal with large volumes of data. They are required to review all the data and use the information to make critical buy or sell decisions. The professionals can use VBA to create macros that facilitate speedy analysis of the data.

Once the logic is defined and the important variables are specified, the finance professionals should feed the large volumes of data into the relevant cells and get results with a click of a button. Also, as long the correct data is added to the program, the data output will be more accurate compared to the output obtained manually since humans are bound to make mistakes.

2. Create and maintain complex models

Finance professionals can also use VBA to create trading, pricing, and risk management models. The models can be used to track the performance of stocks in the securities exchange market in real-time, forecast the trend of each stock, and provide signals on when to buy or sell and the appropriate pricing at each stage.

The VBA program can also be used to generate financial ratios that allow analysts to evaluate the financial performance of publicly traded companies, as well as compare the trends and performance of two or more entities over a defined period of time.

3. Create investment scenarios

Investment bankers and financial analysts often need to make decisions by comparing two or more investment scenarios. For example, in mergers and acquisitions, finance professionals must consider the financial impact of the merger to determine if it is feasible. The professionals can use VBA to create macros that simulate the investment scenarios to get an overview of the expected results/effects.

In such a way, it can eliminate human emotions that may interfere with the decision-making process and instead rely on a simulated analysis that is theoretically closer to reality. The decision-makers can make a decision based on the obtained results.

Why use Excel VBA?

While users cannot directly manipulate the main Excel software through VBA, they can master the art of making macros to optimize their time in Excel. There are two ways to make Excel macros.

The first method is to use the Macro Recorder. After activating the recorder, Excel will record all the steps a user makes and save it as a “process” known as a macro. When the user ends the recorder, this macro is saved and can be assigned to a button that will run the exact same process again when clicked. This method is relatively simple and requires no inherent knowledge of the VBA code. This method will work for simple processes.

However, the downfall of this method is that it is not very customizable, and the macro will mimic the user’s input exactly. By default, recorder macros also use absolute referencing instead of relative referencing. It means that macros made in this way are very hard to use with variables and “smart” processes.

The second and more powerful method of creating an Excel macro is to code one using VBA.

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Where to code Excel VBA

To access the VBA window, press Alt + F11 within any Office program. When done properly, this will open a window with a file structure tree on the top left, properties on the bottom left, a debug pane at the bottom center and bottom right, and the coding section that takes up the majority of the screen in the center and top right. This may seem overwhelming at first, but in reality, it’s simpler than it appears.

Excel VBA example screenshot

Most of the time, the user will be working in the coding section. The file structure section is only used for creating a new macro file. The properties section in the bottom left will only be used for more advanced macros that use UserForms to create graphical interfaces for the macro.

The coding section is where most, if not all, of the coding happens. The user will create, code, and save macros here. After the macro code is written and saved, it can then be attached to certain triggers in the Excel model. The macro can be activated at the push of a specific button on the worksheet, or when certain cells are modified, for example. The easiest way to implement a macro is to attach it to a button.

VBA shortcuts in Excel

The following are some of the shortcuts that work when using VBA in MS Excel:

  • Alt + F11: Open VBA Editor
  • Alt + F8: Display all macros
  • Alt + F4: Close VBA Editor and return to Excel
  • F7: Open code editor
  • F1: Display Help
  • Ctrl + Space: Autocomplete
  • F10: Activate menu bar
  • Home: Beginning of line
  • Alt + F5: Run Error Handler
  • Alt + F6: Switch between the last two windows
  • Alt + F11: Toggle between VBA Editor and Excel

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What Is VBA Used for?

VBA is used to further expand what some programs are able to accomplish. VBA is often used to create macros, automate processes, generate custom forms, or perform repetitive tasks that may need minimal human intervention.

Is VBA the Same As Excel?

VBA is a computer language that is used within Excel. While Excel is a broader software used for many different types of analytical functions, VBA enhances its capabilities.

Is VBA Easy to Learn?

Compared to other complex languages, VBA is relatively easier to learn. It is considered a beginner-friendly language, and VBA-coders often do not need to have prior experience as a coder to learn the language. In addition, the VBA community has many resources available for individuals new to programming.

Is VBA Still In Demand?

Yes, VBA is still useful and used by individuals interacting with Microsoft products. However, newer languages such as Python, C#, or R can be used to code in place of VBA. In addition, new tools such as Power Query may be able to perform tasks that could previously only be performed when using VBA.

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