A link path, in the context described, is a reference contained within a linkage formula that points to a specific Working Papers file. This reference can be either to the actively open Working Papers file or to another designated Working Papers file.
Within the framework of linkage formulas, the link path serves as the indicator for the source of data being linked. It precisely identifies which Working Papers file the linkage formula should draw information from.
Purpose and Use
Changing a link path is a practical method for efficiently updating associated documents, such as Word or Excel files, that contain these linkage formulas.
- Primary Use Case: A common scenario where changing a link path is beneficial is after a year-end close process in accounting software.
- This allows you to update the links in your documents (like financial statements or reports) to automatically reference data from the new year's Working Papers file, rather than the previous year's.
By modifying the link path, users can redirect all associated links to the correct data source without manually editing each individual link formula, streamlining the update process for interconnected documents.
