IFERROR was introduced in Excel 2007, and is not compatible with the old-school .xls files. I haven't had to worry about 2003 in the wild in a few years, but some tools may not have migrated to the new file format.
> is not compatible with the old-school .xls files
You can save as XLS (97-2003) files and Excel serializes the formula using the name `_xlfn.IFERROR`. The file obviously doesn't work in older versions of Excel but will work in 2007+
Oh that's very convenient, thanks. As another person replying said, I only migrated from 2003 a few months ago (don't ask) so I still have a lot of new quality of life features to discover :)