Inserting Text objects
You can insert text in a text object which spans multiple columns and rows of the spreadsheet. You can format properties of the text object such as its border or background color. And you can format the text within the text object. You can include formulas.
The text can be edited only in Design mode.
Example
Including formulas in text can give the impression that two or more cells are merged. For example, the value returned by a formula might be too wide for the cell but you might not want to increase the column width. In this case you could insert a text object the size of two cells and insert the formula. On the Size and Position tab of the Format Text Object dialog you specify the behavior the text object in relation to other objects in the report.