Salesforce Admin training: formula fields in salesforce
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A formula is similar to an equation that is executed at run time. Depending on the context of the formula, it can make use of various data and operations to perform the calculation. A useful way to think about formulas is that they are similar to formulas on a spreadsheet. These formulas can make use of data and operations to calculate a new value of some type.
Here's an example of a formula that can be used in a custom formula field on a database object. It calculates the number of days the record has remained open:
IF( ISNULL(Close_Date__c),
TODAY() - Open_Date__c,
Close_Date__c - Open_Date__c)
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