I was involved in a post to trace the precedents and dependents of a cell. My answer while accurate was a bit long winded as it turns out (happens more often than I like to admit). Here is a link to the thread on the Chandoo forum.
The question was along the lines of how do I jump directly to a cell with formula?
I was all about the “click on Formula – Trace Precedents – then click OK and it jumps to the sheet and cell which the formula references.” However Debraj a regular on the Chandoo forum and fellow Excel Ninja nailed it. The following is a very insightful shortcut and I dip my hat to Debraj for this little pearl.
Ctrl + [ Ctrl & Square Open Bracket- > Trace Precedent..
Ctrl + ] Ctrl & Square Closed Bracket – > Trace Dependent
By doing the above the first method Ctrl [ will jump to another sheet if that is where the link is. This is so much faster than going through the menu and a real time saver. Love it to death and will use it religiously – hope you are in the camp that use this tool too now.
Another option as pointed out in the thread is to go Excel Options > Advanced and deselect “Allow editing directly in cells”, then when you double-click your formula in your Summary Sheet you automatically jump to the cell reference.