The #FIELD! error occurs under the following circumstances:
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The referenced field is missing from a linked data type.
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The referenced field doesn't apply to the linked data type, therefore it does not exist.
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The referenced field is protected by attribution, therefore it can't be inserted into the grid.
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The referenced field is in a format Excel couldn't read.
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The referenced cell doesn't contain a linked data type.
Note: You can insert linked data types from the Data tab. You can also write formulas that reference them.
When a new column tries to reference a field from a data type record, but the record doesn't have any data for that particular field, the #FIELD! error will occur. For example, if you added a column to show stock expense ratios, but the stock record on that row doesn't have an expense ratio in the first place, then the result is #FIELD!.
Solutions:
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If Error Checking is enabled, click the Error floatie to the left of the cell, and choose the Ignore Error option.

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Remove the column, and replace it with a new column that references a field that does have data.
If you type a formula like =A1.City, or =FIELDVALUE(A1,"City"), and cell A1 doesn't use a Geography data type, the #FIELD! error will occur. Similarly, if you create a formula like =A1.Price, or =FIELDVALUE(A1,"Price"), and cell A1 doesn't use the Stocks data type, then the error will occur.
This can also happen when a formula references a field from a data type, but the data type doesn't have any data for that particular field. For example, if you entered a formula like =A1.ExpenseRatio, or =FIELDVALUE(A1,"ExpenseRatio"), but the that particular stock doesn't have an expense ratio in the first place, the result is #FIELD!.
Solutions:
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If Error Checking is enabled, click the Error floatie to the left of the cell, and choose the Ignore Error option.
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Delete the formula.
There are two main reasons for this error:
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If the image Excel is trying to fetch is missing some key information, it can't be displayed and will result in a #FIELD! error.
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You are referencing an image from a data type that doesn't have an image field.
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