You will first need both your files open. Identify which cells you want to link. For the sake of this tutorial, we will assume you have two files called A and B. Worksheets are immaterial here. You want to reference cell A4 in file B so that cell C2 reflects its value.
Go to file A, select cell A4 and copy it. Next, open file B and select cell C2. On the Home ribbon click the arrow at the bottom of the Paste button and you will see a drop-down arrow. Click it and select the ‘Paste Link’ option under the ‘Other Paste Options’ section.
Each time you change the value in the source file, i.e. in file A, it will update automatically in file B when you launch it. The link will work so long as the the file’s location remains unchanged. The files do not have to be located in the same folder.
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