Saving Formulas for Future Use

Looking to get some feedback on the following situation.  

I work on a small team where we do reports that could utlilize the same formulas in some form or fashion in other reports.

What is the best way to save a formula where other team members could utilize them in their own report to help with consistency and uniform formula use?


Ex: I create a formula (1+1)=2

Issue: How can I save this formula so another team member could use that formula in a report somewhere down the line without manually creating it again?



(1) Answer