Unable to Find the Circular Reference Problem

If you could provide a sample file with the issue, it would go a long way to get help. Strip out any confidential information before uploading.
What kind of formula are you using in those cells?

Unfortunately, the attachment is full of #REF errors... the data being calculated is on a sheet we don't hacve access to... so there's no circular error showing!! Can you have another go at uploading a standalone sheet?

I get the same thing, even without updating the links.. get all #REF errors..

I am getting a Circular Reference errors jumping all over a sheet I am in, but they are not obvious to me. So first it says H21 and I go into that Cell and then it moves to AP90.... is this normal?

I would say, yes, this is normal -- especially when the spreadsheet(s) are complicated enough that the circular reference/logic consists of several interconnected cells.

Perhaps it is my older version, but I can open the latest file just fine without getting #REF errors. However, I also don't get a circular reference error, either. That suggests to me that the circular logic is flowing through the linked "Kelsey Farms Start Up..." spreadsheet as well. If that is correct, then this could be a fairly long and maybe complex string of calculations -- which usually means that debugging the circular reference error quickly becomes tedious and often frustrating.

You say that Excel identified H21 (empty in this file) and AP90. Since AP90 is the only non-empty cell, I see that AP90 (a middle part of the Equity Account calculations) depends on the calculations to the left (eventually reaching some links to the other file). I also see that it is used by the further calculations to the right seeming to terminate in BF93.

I don't have any good recommendations, other than to practice patience. There may be no tricks to solving this. Just starting in a cell that Excel identifies as part of the circular logic and follow the logic through that cells dependents and precedents until you can find where the circle closes.

It's in thread tools, just immediately above your first post...