Formula columns can be cloned to reduce the amount of time it takes to create a template. This would be particularly useful if you wish to use an existing formula column as the framework for one or more new ones, meaning you do not have to create a brand new formula from scratch. When a formula column is cloned, it is automatically saved and can itself be used to clone from in future.
NOTE: Only IF THEN ELSE and NESTED IF THEN ELSE formulae can be cloned. These formulae can be cloned only if the selected template already contains an IF THEN ELSE or a NESTED IF THEN ELSE formula.
Only formulae that already exist in the selected template can be cloned. It is not possible to clone formulae from other templates.