Circular Reference Error Message

What does a circular reference error message mean and how to fix it

Updated over a week ago

In this article, we will discuss Circular Reference error messages and how to troubleshoot the formula with the Circular Reference.

A Circular Reference occurs when you are referencing the variable being used in the formula. A few examples of this include:

  1. Variable A uses future revenue in the formula while the constituting revenue streams are derived from variable A

  2. Variable A uses future expense in the formula while the constituting expenses are derived from variable A

  3. Variable A is derived from Variable B, while Variable B itself is derived from Variable A

When a circular reference occurs, you can fix this by referencing a past date or referencing a different variable in the formula. See example below:

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